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Vertcoin (VTC) is a peer-to-peer Litecoin fork that prioritizes decentralization by being resistant to ASIC mining. It utilizes Proof of Work (PoW) consensus and aims to enable anyone with a personal computer to participate in the Vertcoin network. The coin is often referred to as "The People's Coin". To make mining more accessible, Vertcoin has developed a user-friendly 1-click miner. Additionally, in July 2014, Vertcoin introduced a wallet that supports Stealth Address transactions.

Issue Time
1970/01/01
Initial Price
US $ 0.00534289
Circulation/Max
67.62M/84.00M
Dominance
0.00%
ROI -39.76%
$0.00534289$10.53289985
Low · 2015/05/062015/05/06 · High

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What is the description of Vertcoin?

Vertcoin (VTC) is a decentralized cryptocurrency that was launched on 8th January 2014. Unlike many other cryptocurrencies, Vertcoin was fairly distributed from the start, with no ICO, pre-mines, or airdrops. The project's goal is to be accessible to everyone. To ensure fairness, Vertcoin is ASIC-resistant and uses the Lyra2REv2 algorithm. In the past, the project has even forked to demonstrate its commitment to remaining ASIC-free. Currently, Vertcoin can be mined using GPUs and will continue to do so in the foreseeable future. The currency is based on the Proof-of-Work (PoW) algorithm, supports Segwit, and is complemented by LIT - Lightning Network, developed at MIT. This network aims to solve scalability issues faced by many cryptocurrencies while maintaining a high level of security.

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