Vertcoin is a decentralized, peer to peer cryptocurrency wherein the users themselves own the currency. It works in similarity with most of the other cryptocurrencies.
Vertcoin uses the Proof of Work method to reach the distributed consensus and uses decentralized mining methods, unlike other cryptocurrencies. Vertcoin also comes with resistance to ASIC mining, and this makes mining Vertcoin much fairer.
The main aim thus is to allow Vertcoin to be mined by a wide variety of people rather than people with high-end mining systems. The mining process in Vertcoin is a much more democratic process. Vertcoin thus seeks to establish itself as a fully decentralized cryptocurrency.
The inception of Vertcoin lies in the hands of a community of volunteers who came together to develop Vertcoin, and it was launched in 2014. Vertcoin was launched with the aim of becoming a fully decentralized cryptocurrency that was owned by the users themselves. \
The currency could be exchanged among users who formed a part of the blockchain using the peer to peer network. Vertcoin was designed as a financial system wherein it would be owned by the owners, and thus, Vertcoin came to be known as The People's Coin.
Vertcoin is not controlled by traditional financial institutions such as banks which tend to be centralized, but by the users themselves. Vertcoin also comes with ASIC resistance, and as such, there is no need to invest in expensive hardware to mine them. Vertcoin also provided its users with tokens wherein the users can use it for making further investments and also engage in exchanges to reap benefits.
To use Vertcoin, a digital wallet called Vertcoin wallet is required which is used for the storage of Vertcoin, and also for engaging in transactions, i.e. the sending and receiving of Vertcoin.
The wallets act as safe storage places which provide you with the platform to perform transactions with cryptocurrencies of many kinds. Your wallet will have its unique address, and as such, this address will be used for any form of transactions using Vertcoin.
Vertcoin can be acquired from exchanges using other popular cryptocurrencies such as Ethereum, and it should be known that Vertcoin cannot be directly bought with fiat money. Once you have the required Vertcoin in your Vertcoin wallet then you can use it to pay for goods, services, send and receive payments, invest further and even buy other types of cryptocurrencies. As such using Vertcoin is quite easy and hassle-free.
Vertcoin comes with many useful features, some of which are unique to Vertcoin itself. Let us take a look at some of its features.
These are a few of the many powerful features that Vertcoin possesses, and now let us look at some of the benefits that Vertcoin has.
Before you go on to buy Vertcoin, you will are required to have a Vertcoin Wallet which will be used for storing and trading your cryptocurrencies.
You can create your Vertcoin wallet through the Vertcoin website, after which you will get your Vertcoin wallet address and a private key. To buy Vertcoin you need to be in possession of Bitcoin which is another cryptocurrency since Vertcoin cannot be exchanged with real currency. Bitcoin can be bought from many exchanges such as Coinbase, Bittrex, and, etc. using either your credit or debit card.
After purchasing Bitcoin, now you can use it to exchange for Vertcoin through Exchanges. The most popular Exchanges for purchasing Vertcoin are Bittrex and Poloniex.
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