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.