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Vertcoin (VTC) is the 665th largest cryptocurrency in the world by market cap, valued at $10,827,072. The current price of Vertcoin is $0.164010355, which is -2.012% lower than yesterday. Prices have ranged between $0.173911 and $0.16772 over the past 24 hours. All prices are listed in US dollars and accurate as of January 31, 2023 10:01 UTC.
Vertcoin is a Litecoin fork designed to be a truly decentralized cryptocurrency. Its main goals are to be resistant to application-specific integrated circuit (ASIC) mining and to be profitable when mining with a regular GPU.
As ASIC mining took over Bitcoin, many people felt that it was no longer a decentralized currency due to the uneven distribution of mining rewards. ASIC-resistant cryptocurrencies like Vertcoin are meant to be more egalitarian, so anyone can profitably mine them on their home computer.
Vertcoin is specifically designed to be decentralized, with mining kept in the hands of its users rather than mining conglomerates. It does this with an ASIC-resistant design that employs a constantly updating algorithm. The algorithm also gives an extra edge to GPU mining in order to actively incentivise users to mine with commercially available video cards.
Beyond its unique algorithm, Vertcoin is very much like Litecoin. It prioritises safe and secure transactions with a max supply of 84 million VTC and a 2.5-minute block-creation time.
Disclaimer: 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.
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