What is Vertcoin (VTC)?
VTC is the native asset of Vertcoin that is designed to make cryptocurrency mining available to anyone. In response to Litecoin losing its independence to ASIC control in January 2014, Vertcoin was developed as a graphics card-mined variant of Bitcoin.
By becoming a completely ASIC-resistant protocol, Vertcoin intends to provide consumers with complete control over their money. ASIC-resistant cryptocurrencies and algorithms have previously failed because ASIC developers just create a closed loop to target them, making escape unlikely. However, Vertcoin has committed to hard fork whenever ASICs are capable of mining VTC.
Therefore, it would be unprofitable for ASIC miners to try to target VTC because the devices are costly to make and would stop operating after the hard fork, resulting in too little profit, if any at all. Because of this mechanism, Vertcoin is among the most ASIC-resistant currencies in the industry.
Vertcoin provides users with the One-Click Miner program that allows anyone to mine tokens using simply their computers.
You can check the latest VTC price, supply, and trade volume on the charts above.
Use Cases of VTC
For starters, users can send and receive VTC using peer-to-peer (P2P) transfers. Furthermore, like most coins, VTC removes the middlemen, allowing users to fully manage their money and track transactions in real time. Additionally, Vertcoin has done away with chargebacks, making it a trustworthy payment method for its consumers.
Who Founded Vertcoin?
Vertcoin was founded by Poramin Insom in 2014. Apart from Vertcoin, he is also the founder of Satang, Firo, and Zcoin. In addition to that, he is the advisor at Forward.
Vertcoin is managed by a team of six engineers led by James Lovejoy, a key member of the Digital Currency research project at the Federal Reserve Bank of Boston. Besides that, since the Vertcoin crypto project is open-source, anybody can make modifications to it as long as they are accepted by a developer.
Tokenomics of VTC
The max supply of Vertcoin tokens is 84 million. However, as of writing, Vertcoin has not provided any specifics about the VTC token distribution. Though you can still see the live VTC price, 24h trade volume, current supply, and other metrics in our charts above. Understanding the recent Vertcoin price movements can give potential buyers a basis to predict future price trends.