What is Vertcoin? Vertcoin (VTC) is a decentralized and simple mining cryptocurrency project. In this article, you can access answers to frequently asked questions from investors such as what is Vertcoin, what it offers, what is VTC, how to buy it. cryptocoin.comWe have prepared it for our curious readers.
Why did Vertcoin appear?
Cryptocurrencies and Blockchain networks are famous for their decentralization. However, developments in crypto mining are pushing them towards a more centralized model. This issue especially came to the fore in May 2021, when Tesla CEO Elon Musk said on Twitter, “Bitcoin is actually pretty centralized.” To support his claim, Musk mentioned that the entire BTC hash rate fell by 35% as a result of the flooding of a mining company in China.
Unlike other mining methods, this hashing company used ASICs created specifically for mining. In this way, they had such great dominance in Bitcoin mining. Today, many companies are investing in ASIC products. Vertcoin is exactly against this. Forked from Litecoin in 2014, the project makes mining decentralized and simple. In this way, it aims to become a fully decentralized cryptocurrency.
What is Vertcoin?
Vertcoin (VTC) is one of the easiest cryptocurrencies to mine. Cryptocurrency has a “One Click Become a Miner” program. According to this program, any user with even half-sufficient discrete GPU will be able to join the pool. Thus, it allows anyone to earn VTC rewards by mining and maintains its decentralization. In fact, Vertcoin uses the PoW method, which is the same mechanism as Bitcoin and Ethereum. However, Vertcoin’s mining community is significantly more decentralized.
What is VTC? What does it do?
Vertcoin (VTC) is an open source, decentralized, digital currency that can be transferred peer-to-peer (P2P) over the internet. As with most cryptocurrencies, it eliminates middlemen. Thus, it allows users to fully control their money and track their transactions transparently. Vertcoin also eliminates chargebacks. By doing this, it makes itself a convenient payment solution that its users can trust. In addition, the cryptocurrency ASIC is extremely resistant to mining.
Users can easily mine VTC by following the steps on Vertcoin’s website. With Altcoin, they have the opportunity to make various payments and swaps. They can also use the token to participate in the management of Vertcoin. Thus, they gain the right to vote and to express their opinions in the management decisions taken. However, VTC can also be used for anonymous transactions with Vertcoin’s “Secret Wallet” product.
What is Vertcoin? How to get VTC?
Dubbed the “People’s Money,” Vertcoin is the 745th largest cryptocurrency today according to CoinMarketCap. Exchanges where the altcoin is listed include HitBTC, CoinEx, Finexbox and Changelly PRO. Investors interested in VTC need to sign up for one of these exchanges and verify their accounts. Next, they should deposit an asset in their wallet that matches the altcoin’s parities. Thus, they can place a buy order by clicking on the VTC.
