Vertcoin (VTC)

What Is Vertcoin (VTC)? Vertcoin (VTC) is a decentralized cryptocurrency designed to be used as a peer-to-peer digital currency. Vertcoin was created in 2014 by a team of developers who wanted to create a cryptocurrency that was decentralized, secure, and resistant to the risk of centralization or manipulation by large corporations or mining pools. Vertcoin runs on a proof-of-work (PoW) consensus algorithm and is built on top of the Bitcoin protocol, meaning it shares many of the same features, including the ability to be used for digital payments and store of value. Who Founded Vertcoin? Vertcoin was founded and developed by a team of software engineers who remain anonymous. They sought to create a digital currency that would provide the same benefits of Bitcoin, but with improved security due to its increased decentralization. The Vertcoin name was inspired by the image of a coin that could be “flipped” from one hand to the other. What Makes Vertcoin Unique? Vertcoin is unique in many ways. First, it is intended to be a completely decentralized network, meaning that miners aren't required to join a mining pool to compete for network rewards. This makes it impervious to manipulation and centralization. Additionally, unlike many other cryptocurrencies, Vertcoin was designed to be ASIC-resistant. This means that mining will remain largely accessible to individual users with consumer-grade hardware, rather than large corporations or wealthy investors. It also reduces the impact of large-scale miners, ensuring that a high level of decentralization is maintained. Where Is Vertcoin Used? Vertcoin is accepted at a number of online businesses, including gift card providers, online stores, and services like online wallets, exchanges, and payment processors. In addition, some merchants accept payment in VTC directly. While the list of retailers that accept Vertcoin is relatively short compared to other major cryptocurrencies, it has grown significantly since its launch in 2014. Where to Buy/Sell Vertcoin? Vertcoin can be bought and sold on a number of cryptocurrency exchanges, including Bittrex, Upbit, and LiteBit.eu. It can also be purchased directly with fiat currencies on some exchanges, such as Kraken. Additionally, Vertcoin is accepted by a few online stores, making it easier to acquire than some other less-widely accepted cryptocurrencies. Comments Vertcoin is an interesting and unique cryptocurrency that has made some impressive strides since its launch. The ASIC-resistant algorithm ensures that the network is maintained in a decentralized state, making it more secure and resistant to manipulation. However, it is still relatively small compared to other cryptocurrencies, meaning that it can be difficult to find places to purchase VTC. Nevertheless, it is worth keeping an eye out for as more businesses and retailers are beginning to accept it.