Vertcoin describes itself as an open-source and truly decentralized cryptocurrency. As per the website, Vertcoin (VCT) can be sent peer-to-peer over the internet. Here, peer-to-peer refers to sharing of data, information, or assets among parties without the involvement of central authority. Vertcoin can be received and sent from one crypto wallet to another using a computer or mobile having internet. 

When Vertcoin is sent, the transaction is published to a distributed public ledger whereby users are incentivized to verify transactions with computer progressing power in return for a Vertcoin reward. The website also claims that most transaction verification of leading cryptocurrencies is not done by its users. Rather, the transaction verification is handled entirely by large data centers called mining farms. These mining farms use specialized hardware called ASICs (application-specific integrated circuits). An ASIC is an integrated chip designed for a specific purpose. Further, an ASIC miner is hardware that uses ASICs for the sole purpose of mining cryptocurrency. ASICs centralize power in the hands of a few and allow them to manipulate transaction fees for protocol changes and blocks. Vertcoin aims to resolve the issues concerned with ASIC. Also, Vertcoin pledges to keep its mining algorithm ASIC resistant by hard forking. 

Vertcoin allows users to mine coins on desktop PCs and laptops. Vertcoin endeavors to stay true to the original vision: A financial system owned and run by its users. Vertcoin coin supply is limited to 84,000,000. VertHash is Vertcoin’s mining algorithm. The block time in Vertcoin is 2.5 minutes. Here, block time is the period the validator or miner takes to verify transactions within one block. Also, the block is verified by the miners, who are competing with each other to solve the hash, which creates another block. Vertcoin was created on January 8, 2014, by Poramin Insom. 

We update our Vertcoin to GBP currency in real-time. Get the live price of Vertcoin on Coinbase.

The current market cap of Vertcoin is £2.392M. A high market cap implies that the asset is highly valued by the market.

The all-time high of Vertcoin is £7.81. This all-time high is highest price paid for Vertcoin since it was launched.

Over the last 24 hours, the trading volume of Vertcoin is £6.385K.

Assets that have a similar market cap to Vertcoin include Invesco QQQ Tokenized Stock (Reality), SWELL, Qualcomm Tokenized Stock (Ondo), and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Vertcoin is 74 million.