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.
Source: Bitcoinist - 1 week ago
Vertcoin has been experiencing ongoing 51% attacks, reportedly resulting in $100K of double spending on the network. Rough Couple of Months for Vertcoin In a detailed blog post, Coinbase security engineer Mark Nesbitt revealed that Vertcoin’s network went through repeated 51% attacks, with the largest reorganization having a length of 310 blocks and a depth of 307 blocks which, according to the specialist, may have caused double spends upwards of $100,000. The incidents started in
Source: Live Bitcoin News - 7 months ago
Twitter accounts have been a prone target for hackers and criminals. This is especially problematic when that Twitter account has some clout, so to speak. Obtaining a celebrity’s account is one thing, but hijacking a cryptocurrency’s Twitter handle can have major consequences as well. The Vertcoin account was seemingly hijacked yesterday, although things have returned...
Source: AltCoin Today - 7 months ago
Crypto Scammers Hijack Vertcoin’s Twitter Account Vertcoin’s Twitter account has been compromised in an attempt to facilitate a cryptocurrency giveaway scam. On May 1, near 20:13 UTC, the account posted that it was “pleased to announce” a bitcoin giveaway, mimicking other Twitter scams which have promised high rewards to followers in exchange for small amounts of cryptocurrencies,…
Source: Bitcoinist - 7 months ago
Vertcoin’s official Twitter account was hacked earlier today, with the attackers posting tweets attempting to scam users out of their bitcoins. ‘We’re giving away 10 BTC!’ At around 4:00 PM Tuesday, the Vertcoin Twitter page announced a fake Bitcoin giveaway as a celebration of Vertcoin’s success. The tweet asked users to send 0.005 BTC to an address to enter, with the winner to be announced on May 3. This is an all too common crypto-scam
Source: AltCoin Today - 1 year ago
Cross Chain Litecoin and Vertcoin Trading System is Under Development It is evident cross-chain atomic swaps are of great interest to altcoin developers. Especially where Litecoin is concerned, such technology may be introduced sooner rather than l
|Matrix AI Network (MAN)||$0.07060||0.00%|
|Exchange Union (XUC)||$2.07189||-2.41%|
|AMO Coin (AMO)||$0.00116||0.00%|
|Noah Coin (NOAH)||$0.00032||0.00%|
|Moss Coin (MOC)||$0.04539||-0.08%|