Vertcoin to Pound Sterling Exchange Rate

Live Rate

= £ 1.0000

Refreshing in: 60s | Sun, May 09, 01:31PM GMT

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Historical rate chart of VTC and GBP

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Updated: 09 May 2021 13:31:40 UTC
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When it was first released back in January 2014, Vertcoin (VTC) sought to fulfil Bitcoin’s earlier promise of a decentralised currency that can be mined using ordinary computers. Dubbed the “people’s coin”, Vertcoin prevented big-time miners using application-specific integrated circuits (ASICs) from monopolising the market with its innovative Scrypt-N hashing algorithm.

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 big-time 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 is 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.

Compare cryptocurrency wallets

Name Product Wallet Type Supported Cryptocurrencies Price (USD) Disclaimer
Ledger Nano X Wallet
Hardware
BTC, ETH, XRP, BCH, ADA, LTC, BNB, EOS, XTZ, XLM & 1,350+ more
$119
The Ledger Nano X comes with added Bluetooth functionality, more memory and a higher quality screen than its big brother, the Nano S.
Ledger Nano S Wallet
Hardware
BTC, XRP, ETH, BCH, EOS, XLM, LTC, TRX, ADA, MIOTA & 1,330+ more
$59
Securely store some of the world's leading cryptocurrencies on the Ledger Nano S hardware wallet.
TREZOR One Wallet
Hardware
BTC, ETH, BCH, LTC, LINK, XLM, HT, USDC, DASH & 1280+ more
$59.90
TREZOR hardware wallet is a secure way to keep your cryptocurrency safe from hackers and malware.
TREZOR Model T Wallet
Hardware
BTC, ETH, XRP, USDT, BCH, LTC, EOS, XTZ, LINK, XLM & 1380+ more
$179
The next generation of hardware wallet from TREZOR, the Model T includes a host of new features including a touchscreen and improved processing.
KeepKey Wallet
Hardware
BTC, BCH , DASH, DOGE, ETH, LTC, NMC
$49
Protect your digital assets from hackers with the virus- and malware-proof KeepKey hardware wallet.
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Where to buy, sell and exchange cryptocurrency

Name Product Deposit methods Fiat Currencies Cryptocurrencies
BC Bitcoin Cryptocurrency Broker
SEPA, Faster Payments (FPS), BACS, Instant SEPA
GBP, EUR

122
cryptocurrencies

BC Bitcoin is a UK-based cryptocurrency brokerage that buys and sells more than 100 different cryptocurrencies.
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Market rate for common transfer amounts VTC to GBP

Vertcoin (VTC) Pound Sterlings (GBP)
VTC1 0
VTC100 0
VTC500 0
VTC1000 0
VTC1500 0
VTC2500 0
VTC5000 0


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