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What is Vertcoin all about
Vertcoin is similar to Bitcoin as it is solely created for the purpose of using it as a decentralized peer to peer currency working on proof of work mechanism. The project was launched in 2014. What differentiates it from Bitcoin and Litecoin is it always wanted to stay ASIC resistant. Earlier branded itself as ‘the people’s coin’, it wanted to maintain fairness in mining. Vertcoin is also compatible with Lightning Network and Stealth Addresses. 1-Click Miner for Vertcoin is considered one of the easiest software to use by the miners.
Near the launch, Vertcoin used Scrypt Adaptive N algorithm. Due to the rise of ASIC mining rigs, the chain underwent a hard fork and shifted to using Lyra2RE algorithm. The company found that the botnet was controlling more than 50% of the blockchain. This led Vertcoin to shift to Lyra2REv2 algorithm with another hard fork.
Their V2 and V3 algorithms failed to continue ‘fair mining’ with the developments of Field Programmable Gate Array (FPGA) hardware. Following this, the Vertcoin developers started to work on a new algorithm called Verthash.
The team has mostly been a group of volunteer developers. The project has been closely connected to MIT as many developers were graduate and undergraduate students of MIT.
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VTC Questions & Answers
How much does Vertcoin cost today?
Current price of Vertcoin is at 0.13 Euro.
When did Vertcoin hit its highest price?
Vertcoin reached its maximum price on 2017-12-05, at 8.28 EUR.
Is Vertcoin expected to increase in value 30 days from now?
Based on our short term prediction, we expect, that Vertcoin's price will be between €0 and €0.16 1 month from now.
What will Vertcoin cost in three months?
Using our prediction we suspect Vertcoin's price is likely going to reach between €0 and €0.20 3 months from now.
Is Vertcoin popular among online users?
43953 Reddit users were participating in discussing Vertcoin on Reddit in the last 2 days. Vertcoin's official Twitter profile is followed by 57901 users.
What will Vertcoin cost in six months?
Difficult as it is projecting long term based on our short term price prediction we expect the value of Vertcoin will be anywhere between €0 and €0.20 in half a year.
10 days Vertcoin price forecast
Long term Vertcoin price prediction