Price
$0.18
8/17/2022, 7:16:46 AM
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Market

Market stats

Market cap

$11.8M

Volume (24h)

$251,693.74

Circulating supply

64.8M VTC

All time high

$10.53

Price change (1h)

+1.67%

Price change (24h)

-1.17%

Price change (7d)

+25.02%

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Vertcoin is on the rise this week.

The price of Vertcoin has risen by 25.02% in the past 7 days. The price declined by 1.17% in the last 24 hours. In just the past hour, the price grew by 1.67%. The current price is $0.181117 per VTC. Vertcoin is 98.28% below the all time high of $10.53.

The current circulating supply is 64,803,797 VTC.

About

What Is Vertcoin (VCT)?

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

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