Vertcoin
Vertcoin
Vertcoin (VTC) is an ASIC-resistant P2P Litecoin fork that uses PoW to reach consensus. Billed as the 'The People's Coin', the Vertcoin ascribes primacy to keeping its mining functions decentralized, and seeks to allow anyone with a personal computer to join the Vertcoin network.
Built using Bitcoin as a base, receiving any future Bitcoin updates upon specification release confirmation.
Vertcoin was one of the first coins to lock in and activate SegWit. It was activated May 7, 2017
Has the same block time (2.5 mins) as Litecoin and same supply of coins (84,000,000 coins).
These changes are well within scaling limits of blockchain growth and orphan generation (>1:30)
Verthash is Vertcoin’s mining algorithm which is similar to Ethereum’s Ethash (Verthash), meaning GPUs mine competitively.
This ensures maximum distribution of hashrate (security). It is done via IO bound memory constraints. Verthash is the most advanced mining algorithm to date.
Difficulty adjustment occurs every block (~2.5 minutes) as opposed to Bitcoin (~2 weeks).
Kimoto Gravity Well is the algorithm used and is necessary as a smaller hashrate coin.
Vertcoin
Vertcoin (VTC) is an ASIC-resistant P2P Litecoin fork that uses PoW to reach consensus. Billed as the 'The People's Coin', the Vertcoin ascribes primacy to keeping its mining functions decentralized, and seeks to allow anyone with a personal computer to join the Vertcoin network.