Vertcoin is an open-source cryptocurrency that focuses on decentralization. Vertcoin uses a proof-of-work mechanism to issue new coins and incentivize miners to secure the network and validate transactions. Vertcoin is an ASIC-resistant P2P Litecoin fork that uses proof-of-work to reach consensus. Billed as the ‘The People’s Coin’, the Vertcoin ascribes primacy to keeping its mining functions decentralized and seeks to allow anyone with a personal computer to join the Vertcoin network. Vertcoin aims to be decentralized by being hard to mine using dedicated processors known as ASICs. There’s two reasons among others made Vertcoin very popular. The first reason is that there is little friction for new users who can use “one-click software” to mine and the second reason is that people are very involved in Vertcoin on social media.
Original author – David Muller
Programming language of implementation – C++
Initial release – 2014
Development status – Active
Website – vertcoin.org