Vertcoin Cryptocurrency review: basic information to know (+ VIDEO) – Coindoo

Vertcoin claims to be a "popular currency" being a decentralized currency that users own. Developed by community members who volunteered their time, Vertcoin is fairly distributed without using ICO, pre-mining or airdrops, entirely based on donations and volunteer efforts.

Vertcoin, like gold, is a limited resource that allows investors to keep safe money while benefiting from minimal transaction fees.

Vertcoin wallets

Vertcoin has its own wallet that can be downloaded from the official website. There was also a web wallet, but it is no longer available due to DDOS and other issues. The wallet can be downloaded on Windows, Mac, Ubuntu and Linux.

How do you send and receive Vertcoin?

After you have downloaded and configured your Vertcoin wallet, you are ready to start sending and receiving Vertcoin.

Source: www.vertcoin.org/

Anything you need is an address that starts with a V and has a total of 26 or 36 alphanumeric characters. The funds do not take more than five minutes to be transferred to the wallet. A minimum transaction fee has been added that will be used to support network maintenance. For example, the 100VTC transfer will generate a commission of 0.001 VC.

How do I buy Vertcoin?

If you want to buy or exchange Vertcoin, the easiest way to do this is to pay using Bitcoin. There are also many exchanges that include VTC like Bittrex, Bleutrade, YoBit, Poloniex from the English market, the Chinese Jubi exchange and the European LiteBit.

The easiest way to buy VTC with fiat currency is the first to buy Bitcoin or Ether through your trusted cryptocurrency exchange and then acquire your VTC, which you can then withdraw into your Vertcoin Wallet.

This process will be simplified in the future when atomic-swaps become possible, allowing owners to encrypt to exchange Bitcoin, Litecoin, and Vertcoin.

Specifications

Vertcoin uses the Lyra2RE algorithm (v2), which generated 84 million blocks. The blocking time is 2.5 minutes, with a reward block of 50 coins. The subsidy is halved every 840,000 blocks, which takes place every four years. The pre-mining is non-existent and the retarget time of the mining difficulty is set to retarget with each block using Kimoto's Gravity Well.

SegWit was activated in May 2017, which increases the block size limit allowing developers to implement the second level solutions to help improve Vertcoin.

Developers are working on the atomic atomic chain, a decentralized way of continuous exchange of Vertcoin with Bitcoin or Litecoin on the network. They are also working on stealth addresses, which is a privacy feature that only displays "Stealth Addresses" on the public ledger instead of more personal details.

How is Vertcoins extracted?

computing power of the system being used as a method to validate network transactions. Afterwards, you will be rewarded with the receipt of additional Vertcoins. Vertcoin's algorithms prevent hardware manufacturers from creating customized ASICs, ensuring that the network validates every transaction.

To get started with GPU mining, you need to download and configure the correct data mining software for your AMD cards and Nvidia cards.

Conclusion

Vertcoin is a very fair way in which all miners can profit, without having to buy expensive hardware.

Vertcoin is currently ranked 142th on CoinMarketCap, with a value of $ 0.645159 USD and a market capitalization of $ 29.630.814 USD.

              

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