Vertcoin opinions
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So far,1 of opinions have been recorded for Vertcoin. These opinions are not investment recommendations but the community's perspective on Vertcoin. Please do not make a purchase decision based on these Vertcoin opinions.
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Vertcoin opinion #1
Vertcoin (VTC) is a project from 2014, which was created as a fork of Bitcoin. Vertcoin converted the original code with a different hash algorithm to counteract the ASIC (application specific integrated circuit) miners. The GPU based miners should be determined the consensus of the block chain via PoW (Proof of Work) and the modification of Scrypt algorithm. This was intended to strengthen the decentralisation, which has unfortunately proved to be the case today with the centralised ASIC mining farms in China, USA and Russia.
What I was excited about was the fact that Vertcoin's development team provides a "Keep it Simple" miner that can be used by any user without much background or computer knowledge to participate in mining and the rewards distributed. From a security perspective, these many small users form a strong network.
Despite the strong market capitalisation after the hype phase of 2017, it has unfortunately fallen back to around $15 million. Therefore the coin is unfortunately susceptible to volatile speculation.
From a technical point of view it is an interesting project.