Vertcoin
VTC
A Proof-of-Work cryptocurrency optimizing for GPU mining
Top Markets
Summary
Key Metrics
24h Volume
The aggregate trading volume for VTC on Bittrex over the past 24hrs, in USD.
Circulating Supply
Amount of VTC that is currently available to the public and in circulation.
Market Cap
The Marketcap is calculated using the last price on Bittrex and liquid supply sourced from Messari.io
Key Info
Sector
Currencies
Category
Payments
Token Type
Native
Token Usage
Payments
Consensus Algorithm
Proof-of-Work
On-Chain Governance Type
Delegative on-chain vote
overview

Vertcoin was created in 2014 as an alternative Proof-of-Work (PoW) blockchain that optimized for allowing and protecting GPU mining. The Vertcoin team build and deployed the protocol in response to seemingly increasing mining centralization in lager PoW like Bitcoin. “ASIC resistance” is the main feature, value, and goal of Vertcoin developers.

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technology

Vertcoin originally used a Scrypt-N algorithm for consensus in 2014. Since then, the Vertcoin blockchain adapted to Scrypt-N specific ASIC miners and built the Lyra2RE algorithm. The Vertcoin blockchain forked in December 2014 to start using this new algorithm. Lyra2RE is designed to give GPU miners more network leverage against AISC miners.

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