What is Vertcoin (VTC)? Vertcoin Price in May 2021

Subscribe 

What is Vertcoin (VTC)? Vertcoin Price

vertcoin price

What is vertcoin? How much is vertcoin price? we will take a look at these today

It is quite an old coin in the market. There is no fanfare to its launch. It started as a simple project on Github. The main goal was to create a GPU mind alternative to Bitcoin. They introduced new technology, so they have had to adjust their mining.

It is a fork of Bitcoin that was created in January of 2014 to ensure decentralization and network security. It is not working with proof of stake model. It is proof of work model cryptocurrency which is powered by ASIC mining. Vertcoin is the coin that can be mined by everybody with GPU.  Vertcoin described itself as the people’s coin.

It has a max supply of 84 Million and currently there is less Vertcoin existing than Litecoin. It is like a non-marketed coin. If it gets marketing, people believe that it has a great potential. People have to discover it. It is listed on the Dex- Trade. Vertcoin price is under a dollar right now. It is not controlled by any entity, you can mine it at home. It is open source. It is an Asic resistant decentralized network. It offers faster transactions and a lightning network.

The Vertcoin community has multi skilled person such as James Lovejoy and Joe Straub. They are developers and many developers are working on Vertcoin over the years. You can read articles or watch YouTube videos to learn more about this coin. It has the potential but make sure to do your own research.

How to Mine It?

vertcoin

Currently it is ranked 498 for its market cap. Vertcoin price is currently $0.8528. It is not that popular, but it does not mean that it is a bad project. You can check out their website to learn more. In their website and YouTube channel there is a video that explains what vertcoin is, how it compares to Bitcoin and other cryptocurrencies and why you should mine their coins.

If you go to the Vertcoin home page, you can see that there is “download Vertcoin one clicks minor button”. It is easiest software to mine a coin.You can go and click on that and it will take you to the mining setup page. There is also a Vertcoin Discord link on their website. If you need help you can join them with Discord.

After the file is downloaded you will open the folder. You can see it is verified in creating the Vertcoin hash data file. You can mine right away. When you first launch the Vertcoin one click miner, it will ask you to set up a wallet password for their new miner. Now you can mine Vertcoin how much you want.

The Vertcoin Algorithm

what is vertcoin

As I mentioned earlier, it was created to use a proof of work method and it uses the Scrypt Adaptive N algorithm in order to remain ASIC resistant. But after some time, they had to change it to the Lyra2RE algorithm. When they changed it, it had taken control of more than %50.

The VTC Token

It was launched in 2014 and Vertcoin price was $.0.07 on its first day. Vertcoin price reached $0.20 in its second day in the market, and it had continued to climb for two weeks. Vertcoin price was $10.12 on February 5,2014. Unfortunately, after that pump, the Vertcoin price had gone back to $3.45 level. Vertcoin saw its lowest price in May 2015. It remained the price between $0.02 and $.0.06 in 2016 and 2017. Currently it is trading at $0.8528.

This content is was not created for financial advice. You must do your own research and make your own decisions.

Views:
312
Article Categories:
CRYPTO

Comments are closed.