Presentation and definition of the crypto-currency Vertcoin (VTC)
- Name of the crypto-coins : Vertcoin
- Acronym : VTC
- Where to buy Vertcoin ? Binance
- Creation Date : January 2014
- White paper of Vertcoin
- Web Site of Vertcoin
The network Vertcoin
Vertcoin is a network for the exchange of financial peer-to-peer. Largely inspired by Bitcoin, Vertcoin offers additional features and enhancements, such as the addresses stealth and the Proof of Work (proof of work) “resistant to ASIC”. Vertcoin also differs from Bitcoin by its willingness to resist the centralization of mining. The development team Vertcoin is committed to continue on this path over the long term.
The technology Proof of Work
Vertcoin is an alternative version of Bitcoin that uses Lyra2REv2 as the algorithm of proof of work. This new function has various customizable settings. On the network Vertcoin, the payment have to be made to “addresses”, which are based on digital signatures. Addresses are constructed by a string of 33 characters, letters and numbers, and always start with the letter V.
This is Vertcoin, which has introduced the N-factor in the algorithm Scrypt. This N-factor will determine how much memory is required to perform the hash functions. As of the time the N-factor increases, thereby discouraging the development of pools of blasting and encouraging rather the verification tasks by individual computers.
The Dual Mining
The crypto-currencies have the capacity to be mined at the same time as another virtual currency. A minor can therefore undermine on multiple blockchains at the same time. For example, we can achieve the dual mining with Vertcoin and MobileCash.