What is Vertcoin?
Vertcoin is a digital currency which can be sent peer to peer, similar to Bitcoin and Litecoin.
Vertcoin is known as ‘the people’s coin’ as it is owned and controlled by it users.
The digital currency is still mined just like Bitcoin however, it is profitable for anyone to mine it so is not controlled by large mining pools. There was no coins that were pre-mined and there was no ICO, In fact Vertcoin is funded entirely on donations. It was developed in 2014 by community members who wanted to create a completely open and fair cryptocurrency in line with the original vision of cryptocurrency.
Vertcoin (VTC) Live Price:
One of the most interesting features of Vertcoin, is that it is designed to resist centralisation. It is able to do this because of its’ mining algorithm ‘Lyra2RE(v2)’. This algorithm is ASIC resistant as it only allows users to mine Vertcoin through traditional methods, computers, graphics cards, gaming computers etc.
By doing this it means that Vertcoin is truly decentralised. Unlike Other popular cryptocurrencies it does not allow mining farms to monopolise the mining of this coin. Like Bitcoin and Litecoin, Vertcoin has SegWit activated and is part of the. Lightning Network.
Vertcoin has far cheaper average transactions than both Bitcoin and Litecoin. It bears similarities to Bitcoin Cash and Bitcoin Gold except Vertcoin has its own brand. Bitcoin Cash aimed to increase the speed of transactions and decrease the fees which Vertcoin already does and Bitcoin Gold was going to be ASIC resistant making ‘Bitcoin decentralised’ once more. However Vertcoin already does this and does not have some of the obvious drawbacks of These recent hard forks.
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