What is Vertcoin?
Vertcoin can be seen in a few ways. It can be seen as the people's coin holding true to decentralization by having an ASIC resistant algorithm.
Vertcoin’s algorithm is designed to resist the development of custom mining hardware and multipool mining, ensuring that transactions are validated by a widely distributed network and avoiding the selling pressure when large mining pools indiscriminately flood the market with freshly mined coins. Our developers have pledged to take whatever steps are necessary to protect this coin from specialized mining equipment and make sure that it will always be possible to mine with consumer grade hardware
This allows any average Joe to get into the mining game without being at a huge disadvantage to larger mining operations. Thus upholding true to those who believe in decentralization. If a company does create an ASIC the devs have already proven the ability to Hardfork to another ASIC resistant algorithm.
Or it can be seen as another "shit coin" trying to ride off the back of Bitcoin mainly used as a cheaper sidechain to do more micro transactions. Let's delve a little deeper.
Vertcoin Specs
Algorithm: Lyra2RE(v2)
Generation: 84 million
Block time: 2.5 minutes
Block Rewards: 50 coins per block
Subsidy halves every 840,000 blocks (~4 years)
Difficulty Re-Target Time: Retargets every block (Kimoto’s Gravity Well)
Premine: Zero
Vertcoin has a structure almost exactly the same as Bitcoin's. Many see Vertcoin as a currency, I see it as a more decentralized digital gold for the average Joe.
Vertcoin Community
The Vertcoin community is probably one of the nicest, surprisingly active communities I've seen as far as helping strangers and fellow GPU miner. Their slack channel is very active with fellow GPU miners. Their devs are always online ready to answer questions and help others with GPU mining issues.
But wont Vertcoin just die off?
Vertcoin has survived through what many cryptos have not since 2014. They continue to have the latest updates Bitcoin receives such as Segwit and lightning networks which are already being tested.
Conclusion & Outlook
It's one of the fairest coins I've seen since 2014 and has since then only continued to grow! This in combination with a friendly community and easy entry point for newbies believes me to think Vertcoin will have an excellent future for building wealth among its holders.
They have excellent wallets, a new one-click miner allowing newbies to easily mine with GPU, and their next halving coming in a few months. They will continue to receive the same upgrades as Bitcoin, have MUCH cheaper transacting fees, and will implement Stealth Addresses for add privacy.
Once atomic swaps are implemented Vertcoin will be easily exchanged between Litecoin and Bitcoin without using a centralized exchange bypassing their fees. This will provide an extra liquidity and another entry point for Vertcoin!
All of this in combination with its small market cap (30mil ish) makes it a potentially good long term investment.
Nobody knows how Vertcoin will play out but it's successfully been a store of value for me since 2014 and will continue to be a small part of my portfolio for long term HODL. Would love to hear your thoughts on VTC!
This is my personal opinion and not investment advice, please do your own research before investing your hard earned money
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