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VertCoin (VTC) uses the Adaptive N-factor in Scrypt algorithm to prevent ASIC mining machines, so that more people can participate in mining and achieve better decentralization. The algorithm supports GPU mining (supports N card and A card), and can be mined under Windows and Linux.
First of all, from the perspective of algorithm and output, VertCoin is a virtual currency that adopts a unique Adaptive N-factor in Scrypt algorithm for POW mining, and can produce 84 million coins. The output is halved every 840,000 blocks, and the initial block output is 50 coins, and there is no pre-mining. Its unique algorithm can effectively prevent ASIC-specific mining machines, so that more people can participate in mining and achieve better decentralization. At the same time, it can effectively avoid 51% attacks.
Secondly, in terms of usage, Vertex is a digital currency that can be sent by people on the Internet. Vertcoin maintains the vision of a true private physics: a financial system owned by its users, the RMB. Vertcoin is not controlled by large banks or mining hardware manufacturers, anyone can profit. Vertcoin is developed by community members as volunteers and the project is fully funded by donations. A finite resource similar to gold, Vertcoin will protect your funds from vested interests and ensure that transaction fees are proportional and shared among a large number of miners.
Finally, Vertcoin's algorithm is designed to resist the development of custom mining hardware and multi-roller mining, ensuring that transactions are verified by a widely distributed network, and preventing large mining pools from abusing market floods with freshly mined coins. Sales pressure. This is great news for miners, as it gives all miners the opportunity to compete against each other without risking falling prey to unscrupulous hardware manufacturers who are unable to provide pre-order equipment.
Related links:
https://www.jinse.com/news/bitcoin/84133.html