What is Vertcoin?

Vertcoin is not funded nor controlled by any entity, it is simply an open source GPU Bitcoin variant that mirrors BTC development.

Vertcoin uses an ASIC-resistant proof-of-work mechanism to issue new coins which allows consumer grade hardware such as GPUs more incentive to secure the network and validate transactions.

It can be mined profitably by anyone, and its distribution is fair, without a premine, ICO, or airdrop. Vertcoin is developed by volunteers from the community and funded solely by donations.

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Vertcoin

January 8th In 2014 Vertcoin was launched as an open-source cryptocurrency. It uses a decentralized approach to mining using modern graphics cards. Rewards are given out to miners to secure the network and ensure the accuracy of transactions. The Vertcoin blockchain is maintained by a coalition of miners using their graphics cards. This ensures Vertcoin is an ASIC resistant coin that does not focus on one particular mining company or device.

Vertcoin is an open-source GPU Bitcoin alternative that doesn’t receive funding or direction from any entity. You can mine Vertcoin with your home computer exactly the way Bitcoin was intended to be mined.

Vertcoin can be mined profitably by anyone, and its distribution is fair, without a premine, ICO, or airdrop. Vertcoin is developed by volunteers from the community and funded solely by donations.

Like gold, Vertcoin is a finite resource that protects your money from vested interests and ensures that transaction fees are proportional and shared among many miners. With Vertcoin, you can be your own bank.

The Vertcoin algorithm is designed to prevent the creation of custom mining hardware and multipool mining, ensuring that transactions are validated by a widely distributed network and preventing large mining pools from flooding the market with newly mined coins and causing selling pressure.

Our developers are committed to taking whatever steps are necessary to protect Vertcoin from specialized mining equipment and ensure that it can always be mined using consumer-grade hardware. This is good news for miners, as it allows them to compete fairly with each other and avoid the risk of being scammed by hardware manufacturers who may fail to deliver pre-ordered equipment.

What is Verthash?

Shortly, Verthash is an upcoming new mining algorithm that will put GPUs back on top for mining Vertcoin once again.

Verthash is the name of the mining algorithm for Vertcoin. Vertcoin successfully forked to Verthash 30 january 2021 and replaced Lyra2REv3, which is mostly being mined by either ASICs or FPGAs with GPUs being majored out-competed.
Verthash takes after Ethash (Daggerhasimoto) in that it makes hashrate scale in line with how fast the gpu memory is. Since GPUs, ASICs, and FPGAs already use the fastest memory available on the market, and all use the same memory, it means all device classes will have about the same potential hashrate… with no advantage for ASICs or FPGAs.

Low Circulating Supply

Max Circulating Supply: 84,000,000
Current Circulation Supply: < 66,000,000 (78%)

Latest News

See latest news about Vertcoin and its development here.
Source: Reddit.com

See Latest News

Vertcoin Whitepaper

Vertcoin is simply an open source GPU Bitcoin variant that mirrors BTC development. See Bitcoins whitepaper here.
Source: bitcoin.org

Specifications

Introduced2014-01-08
SymbolVTC
Hash functionVerthash
Block time2.5 minute
Block reward12,5
Coin cap84 million
Diff. retargetKimoto Gravity Well
Halvening840k blocks (~4 years)
mintxfee0.001/kB
Premine3 blocks (150 VTC)
Announcementhttps://bitcointalk.org/index.php?topic=404364.0
Repositoryhttps://github.com/vertcoin-project/vertcoin-core/releases/

Vertcoin is built using Bitcoin as a base, receiving any future Bitcoin updates upon specification release confirmation.

Vertcoin was one of the first coins to lock in and activate SegWit. It was activated May 7, 2017

Vertcoin has the same block time (2.5 mins) as Litecoin and same supply of coins (84,000,000 coins).

These changes are well within scaling limits of blockchain growth and orphan generation (>1:30)

Verthash is Vertcoin’s mining algorithm which is similar to Ethereum’s Ethash (Verthash), meaning GPUs mine competitively.

This ensures maximum distribution of hashrate (security). It is done via IO bound memory constraints. Verthash is the most advanced mining algorithm to date.

Difficulty adjustment occurs every block (~2.5 minutes) as opposed to Bitcoin (~2 weeks).

Kimoto Gravity Well is the algorithm used and is necessary as a smaller hashrate coin.

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.

Vertcoin
Vertcoin

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

Vertcoin
Vertcoin

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
Vertcoin

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
Vertcoin

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
Vertcoin

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
Vertcoin

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

Vertcoin
Vertcoin

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

Vertcoin
Vertcoin

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

Vertcoin
Vertcoin

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
Vertcoin

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
Vertcoin

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
Vertcoin

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

Vertcoin
Vertcoin

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

Vertcoin
Vertcoin

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

Vertcoin
Vertcoin

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
Vertcoin

Vertcoin.org

January 4, 2014

Vertcoin has been created. Sources - Search the WHOIS Database

FAQ

There are many websites and applications where you can buy and sell Vertcoin. Go to Buy Vertcoin for trusted exchange websites.

You can get the latest version of the One-Click Miner here. Download the latest version and start mining today!

You can download the latest and securest Vertcoin Wallet here.

Great! The best way to reach out to our team us is on Discord.

You can also contact us through other channels.

Vertcoin is developed, maintained and markedet by volunteers from the community and funded solely by donations. Feel free to contribute to a specific Vertcoin project through Community Crowdfunding.