The value of Vertcoin
at the moment is $5.26.
It has a current circulating supply of 40.8 Million coins and a total
volume exchanged of $26,283,439.35. Market Cap $214,518,066.41
Vertcoin is a digital cryptocurrency that is touted to be ASIC and Multipool resistant with its innovative Scrypt-N hashing algorithm. These resistants make Vertcoin a much more secure and truly decentralized cryptocurrency as compared to other altcoins.
The motivation of Vertcoin was the fact that Scrypt-based ASIC mining chip that is used to mine Scrypt derivative coins such as Litecoin and Dogecoin is entering the mass market. That coupled with strong mining pool causes the strength of a cryptocoin to drop as it becomes easier for a specific party to pull a 51% attack and even monopolize the network. Scrypt-Adaptive-Nfactor was created to address that issue.
Vertcoin is zero premined and as of the current design, only 84 million coins would ever be created.
Vertcoin is said to be the next generation of coins due to its unique hashing algorithm. There may be more altcoins created based on this hashing algorithm in order to defend their network against ASIC miners.
very usefull information about vertcoin.. but i never listen about the vertcoin ...
It's worth taking a look at :)
can you share some more information about it ???
Vertcoin is a digital cryptocurrency that is touted to be ASIC and Multipool resistant with its innovative Scrypt-N hashing algorithm. These resistants make Vertcoin a much more secure and truly decentralized cryptocurrency as compared to other altcoins.
The motivation of Vertcoin was the fact that Scrypt-based ASIC mining chip that is used to mine Scrypt derivative coins such as Litecoin and Dogecoin is entering the mass market. That coupled with strong mining pool causes the strength of a cryptocoin to drop as it becomes easier for a specific party to pull a 51% attack and even monopolize the network. Scrypt-Adaptive-Nfactor was created to address that issue.
Vertcoin is zero premined and as of the current design, only 84 million coins would ever be created.
Vertcoin is said to be the next generation of coins due to its unique hashing algorithm. There may be more altcoins created based on this hashing algorithm in order to defend their network against ASIC miners.
http://vertcoin.org/
Thanks for your help.. it help me alot ..
How that VTC is still going up? It is really doing well!
Yes it is my friend, doing very well in deed :)