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Vertcoin

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.

Towards this end, Vertcoin has its very own 1-click miner, a program meant to make mining more accessible to the general public. In Jul 2014, Vertcoin released a wallet supporting Stealth Address transactions.

What Is Vertcoin?

Per its website, “Vertcoin is a decentralized currency owned by its users,” a P2P cryptocurrency in the same vein as Bitcoin and Litecoin.  Like its two predecessors, Vertcoin exists solely as a currency, and it uses proof of work (PoW) to reach distributed consensus.

Unlike its two predecessors, however, Vertcoin is dedicated to keeping its mining functions decentralized, so contrary to most PoW coins, it’s ASIC resistant.  

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Branding their project as “the people’s coin,” Vertcoin’s team believes that ASIC resistance invites a fairer, more democratized currency for both users and miners. Along these lines, Vertcoin sports its very own 1-click miner, a program meant to make mining more accessible to the general public.

How do I buy cryptocurrency?

While some cryptocurrencies, including bitcoin, are available for purchase with U.S. dollars, others require that you pay with bitcoin or another cryptocurrency.

To buy cryptocurrencies, you’ll need a “wallet,” an online app that can hold your currency. Generally, you create an account on an exchange, and then you can transfer real money to buy cryptocurrencies such as bitcoin or ethereum.

Coinbase is one popular cryptocurrency trading exchange where you can create both a wallet and buy and sell bitcoin and other cryptocurrencies.

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