Vertcoin to New Zealand Dollar Exchange Rate

Live Rate

= $ 0.2205

Refreshing in: 60s | Thu, Oct 22, 10:07AM GMT

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Historical Rate chart of VTC and NZD

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Updated: 22 Oct 2020 10:07:51 UTC
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

When it was first released back in January 2014, Vertcoin (VTC) sought to fulfill bitcoin’s earlier promise of a decentralised currency that can be mined using ordinary computers. Dubbed the “people’s coin”, the aim of Vertcoin’s Scrypt-N hashing algorithm prevented big-time miners using application-specific integrated circuits (ASICs) from monopolising the market.

When ASICs capable of mining this algorithm came out and threatened the Vertcoin team’s commitment to make the coin accessible to everyone, the team forked Vertcoin by changing its hashing algorithm. When a botnet threatened to control more than half of the Vertcoin network, the team changed the algorithm yet again.

Things to consider before buying Vertcoin

You will need to decide whether the recent halving of block rewards might bring a decline to the profitability of Vertcoin, although in the cases of bitcoin and Litecoin, which have already halved their own block rewards, this did not seem to be a long-term problem.

Another thing to consider is the commitment of Vertcoin’s team to keeping the coin away from large ASIC miners. With Vertcoin, anyone with a computer is a potential miner. Thus, Vertcoin lowers the entry barriers to cryptocurrency mining (ASICs are far more expensive than CPUs/GPUs available on ordinary computers). The recent release of a new version of its GUI-enabled mining software further makes mining Vertcoin easier. As more people go into mining, there could be a corresponding demand for more powerful GPUs able to handle increased mining loads.

Another factor in that “segregated witness” has been enabled on its blockchain since May 2017, making the cryptocurrency compatible with the Lightning Network (note that the price of Vertcoin increased during that month). Segregated witness allows blockchains to handle even greater transaction volumes. This innovative approach has gained almost universal approval in the crypto community.

The Lightning Network will enable the instant transfer of Vertcoin to the bitcoin and Litecoin blockchains. Traders will need to decide if this will be advantageous to Vertcoin, given the increased attention it might bring to the coin from people who have purchased the two other cryptocurrencies.

Litecoin and Vertcoin developers are also working together to make atomic swaps between the two coins possible. Traders will need to consider whether the higher price of Litecoin will drive up demand for Vertcoin as people look for a cheaper gateway to the Lightning Network.

Just like every other cryptocurrency, the price of Vertcoin is volatile and there is no guarantee that the price will maintain its current stable trend. It could rise up or plummet down.

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Atomic Wallet
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CoolWallet S Wallet
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Indacoin Cryptocurrency Exchange
Credit card,Debit card
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Bittrex Digital Currency Exchange
Cryptocurrency,Wire transfer
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ShapeShift Cryptocurrency Exchange
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Market rate for common transfer amounts VTC to NZD

Vertcoin (VTC) New Zealand Dollars (NZD)
VTC1 0
VTC100 0
VTC500 0
VTC1000 0
VTC1500 0
VTC2500 0
VTC5000 0

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