Vertcoin icon

Vertcoin

Vertcoin (VTC) is a decentralized, peer-to-peer cryptocurrency created in 2014. It focuses on ASIC resistance to maintain decentralization and uses an alternative proof-of-work algorithm called Verthash.

What is Vertcoin?

Vertcoin (VTC) is a decentralized, peer-to-peer cryptocurrency that was created in 2014. It focuses on maintaining decentralization and ASIC resistance through its proof-of-work algorithm called Verthash.

Some key features of Vertcoin include:

  • ASIC resistance - Vertcoin uses the Lyra2REv3 hashing algorithm which is designed to resist ASIC mining and keep mining decentralized.
  • Community-driven - Vertcoin development and funding comes directly from its community rather than a centralized group.
  • Atomic swaps - Vertcoin supports atomic cross-chain swaps which allow direct trading between different cryptocurrencies without a centralized exchange.
  • Lightning Network support - Vertcoin incorporates the Lightning Network for fast, low-cost payments and scalability.

The goal of Vertcoin is to be the most decentralized, community-driven cryptocurrency possible. By resisting mining centralization and giving power to its users, Vertcoin hopes to fulfill some of the original promise of decentralized digital money.

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