The History of Vertcoin
Vertcoin was founded all the way back in 2014, and have accomplished quite a few things in those years. Below you can see how Vertcoin has expanded over the years.
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Vertcoin Core v22.1 has been released
January 1, 2023
New year, new Vertcoin Core.
Download the wallet here.
The Second Vertcoin Halving
December 8, 2021
The reward per block decreased from 25 VTC to 12.5 VTC coins per block plus transaction fees. Vertcoin has the same halving time as Bitcoin (approximately every 4 years). Source: 1. Vertcoin’s Second Halving has occurred at block #1680000. The block reward is now 12.5 VTC!
Vertcoin Crowdfunding
October 18, 2021
Introducing the Vertcoin Community Crowdfunding System – a way for members to get involved and proposals to be funded. Source: 1. Reddit – Vertcoin Crowdfunding 2. Vertcoin Crowdfunding official website
Taproot Is Activated
September 1, 2021
Vertcoin rebases to upstream Bitcoin Core 0.21.1 and sets taproot activation parameters. As of block #1623304, Taproot has been activated on the Vertcoin blockchain before Bitcoin! Source: 1. Vertcoin Wallet 0.18.0-rc1 2. Vertcoin Reddit
One Click Miner VNext 2.0 Final
March 1, 2021
This final release of the One-Click Miner contains a few language fixes and adds a default fallback to English for untranslated strings. Source – One Click Miner vNext 2.0 Final
Vertcoin Hard Fork Against ASIC Threat At Block 1500000.
January 30, 2021
Vertcoin successfully forked from Lyra2REv3 to Verthash. Vertcoin is decentralized with first truly ASIC-resistant algorithm in the World – Verthash. Playing games while mining Vertcoin on Any 2GB or higher GPU (Graphics Processing Unit). A graphics card (also called a video card, display card, graphics adapter, or display adapter). Source – Vertcoin Wallet 0.17.0 – Hard fork to Verthash PoW algorithm from block 1,500,000
One-Click Submarine Swap… BTC <> VTC
January 28, 2021
Vertcoin is the first cryptocurrency in the world to perform a One-Click Submarine Swap. Full symbiosis with Bitcoin. If there is a global adoption of the Lightning Network – it will be thanks to Vertcoin. Source: 1. Vertcoin Tweets 2. One-Click Miner 2.1s (with One-Click Submarine Swap)
Vertcoin suffered from 51% attacks
December 1, 2019
On 1 December 2019 603 blocks were removed from the VTC main chain and replaced by 553 attacker blocks. We note that 600 blocks is the current confirmation requirement for VTC on Bittrex. There were 5 double-spent outputs in which ~ 125 VTC (~$29) was redirected. Source – Vertcoin (VTC) was 51% attacked
In response, Vertcoin changed its POW algorithm to Lyra2REv3 and later once more, this time switching to Verthash Algorithm in order to bring VertCoin back in the hands of GPU miners.
One-Click Miner VNext
June 26, 2019
First One-Click Miner vNext 0.1-alpha1 has been released for download. The One-Click Miner allows cryptocurrency enthusiasts to get into mining with minimal effort. When you download the One-Click Miner, you will be asked to provide a password for your (built in) wallet. It will then immediately commence mining. Source – One Click Miner vNext 0.1-alpha1
Vertcoin Hard Fork Against ASIC Threat At Block 1080000
February 2, 2019
Vertcoin forked from Lyra2REv2 to Lyra2REv3. Source – Vertcoin Wallet 0.14.0 – Lyra2REv3 main network hard fork
Unfortunately Vertcoin experienced a 50% attack
October 12, 2018
From October through December 2018, Vertcoin suffered from 51% attacks. Vertcoin is a Bitcoin clone that aims to be ASIC-resistant by hard forking to new mining algorithms whenever ASICs are deployed on the network. Vertcoin changed its proof-of-work (POW) algorithm to Lyra2REv3. Source – Vertcoin (VTC) was 51% attacked
Vertcoin Logo
March 28, 2018
The last Vertcoin logo: . Source: 1. wikimedia.org 2. Vertcoin Logo Package – SVG, PNG, PDF
The First Vertcoin Halving
December 11, 2017
The reward per block decreased from 50 VTC to 25 VTC coins per block plus transaction fees. Vertcoin has the same halving time as Bitcoin (approximately every 4 years). Source: 1. Controlled supply – Bitcoin Wiki
1 VTC = $12.05
December 6, 2017
1 Vertcoin (VTC) reaches 0.00088000 BTC or 12.05 $ (1 BTC is $14425 on this date) and Vertcoin reaches $395 930 000 Market Capitalization. Source – VTC USD Charts and Quotes — TradingView
We Are Moving To Discord – Join Us
October 12, 2017
“Please join the team for general chat, mining help, and other exciting topics of conversation (tacos anyone?). Someone is usually around to help. We hope to see you there!”. Source – Vertcoin Reddit
One Click Miner
October 2, 2017
First Beta Version 1.1.2 has been released for download. Program with interface to easily download and control miner software for CPU’s and AMD/Nvidia GPU’s. Also has integrated P2Pool functionality. Sorce – One-Click Miner Beta Version 1.1.2
“Layer 2” – The Lightning Network (LN)
May 7, 2017
SegWit successfully activated on Vertcoin network as of block 713,664! The Lightning Network (LN) is a “layer 2” payment protocol designed to be layered on top of a blockchain-based cryptocurrency such as Bitcoin or Vertcoin. First Lightning transaction on VTC main network! Source: 1.Vertcoin on Twitter – SegWit successfully activated 2.Vertcoin on Twitter – First Lightning transaction on VTC
Third Vertcoin Topic On Bitcointalk.Org
March 15, 2017
Vertcoin [VTC][ANN] Segwit Activated | ASIC Resistant Decentralized GPU Mining. Source – Bitcointalk.org
Removes The Stealth Addresses Function
February 21, 2017
This is intended to be the final “old client” release before SegWit. This wallet update deprecates and removes the Stealth Addresses function since it will not be available in the next wallet version. Additionally, this release implements lowS signatures which is required for BIP66. Source – Vertcoin Wallet v0.10.1.0 – lowS signatures and deprecate stealth
Vertcoin Hard Fork Against ASIC Threat At Block 347000
August 10, 2015
Vertcoin forked from Lyra2RE to Lyra2REv2. Source – Vertcoin Wallet v0.10.0.0 – Lyra2REv2
Second Vertcoin Topic On Bitcointalk.Org
December 15, 2014
„Vertcoin – 1 | ASIC – 0 | Lyra2RE | Decentralised | GPU Mineable | Open Source“. Source – Bitcointalk.org
Vertcoin Hard Fork Against ASIC Threat At Block 208301
December 13, 2014
Vertcoin forked from Scrypt-Adaptive-N proof-of-work function to Lyra2RE. Source – VertcoinWallet v0.9.0.0 – Lyra2RE
Stealth Addresses
July 2, 2014
For the first time in the world Vertcoin added Stealth Addresses for Personal Privacy. Source: 1. Vertcoin Wallet v0.8.7.3 Stealth Address 2. Vertcoin | Stealth Address | Release
Vertcoin Developers on Bitcointalk.org
May 30, 2014
[ANN] Vertcoin Stealth Addresses ,,We're working on stealth addresses in Vertcoin"
Second Vertcoin Logo 2014
February 18, 2014
Vertcoin Logo 2014. Source: 1. Vertcoin Wallet v0.8.6.2.1 2. Dropbox – Vertcoin logo 02.2014
1 VTC = $11.60
February 5, 2014
1 Vertcoin (VTC) reaches 0.01398 BTC or 11.60 $ (1 BTC is 830$ on this date) on Poloniex.com and Vertcoin reaches 8352000$ Market Capitalization
Kimotos Gravity Well Algorithm
February 5, 2014
Vertcoin added Kimotos Gravity Well algorithm and Difficulty Re-Target Time is Every block. Difficulty adjustment occurs every block (~ 2.5 minutes) as opposed to Bitcoin (~ 2 weeks). Source – Vertcoin specifications
First Vertcoin Logo 2014
January 20, 2014
First Vertcoin Logo 01.2014. Source – 1. https://imgur.com/P7wGpZ9 2. [ANN][VTC] Vertcoin new logo – vote now!
Vertcoin Mining It Was Launched
January 11, 2014
For the first time in the world Vertcoin added Algorithm – Adaptive N-factor. Vertcoin uses an ASIC resistant proof-of-work mechanism to issue new coins and incentivize miners to secure the network and validate transactions. Vertcoin’s blockchain is maintained by a decentralized coalition of individuals collectively mining using modern graphics cards. Source – Vertcoin Explorer
No Premine | No ICO | No Airdrop
January 10, 2014
There is no premine except three, normal blocks done to test the network (150 coins). Source: 1.
https://bitcointalk.org 2. VTC block height #1
First Vertcoin topic on Bitcointalk.org
January 8, 2014
,,[ANN][VTC] Vertcoin - Adaptive N-factor in Scrypt - No more ASICs".
Techinical Details:
- Mining Algorithm: Scrypt-N (until Vertcoin Hard Fork Against ASIC Threat At Block 208301, nowadays used Verthash)
- Symbol: VTC
- Max Coins: 84 million Vertcoins (4x the Amount of Bitcoin)
- Block Time: 2.5 minutes (4x faster than Bitcoin blockchain and 4x throughput capacity than Bitcoin blockchain)
- Block Rewards: 50 coins per block. Subsidy halves every 840,000 blocks (~4 years just like Bitcoin)
- Difficulty Re-Target Time: Every block with Kimotos Gravity Well algorithm
Sources - Bitcointalk.org
Vertcoin.org
January 4, 2014
Vertcoin has been created. Sources - Search the WHOIS Database