Page Summary
Vertcoin is an open-source cryptocurrency that focuses on decentralization. It is created in 2014 and uses an ASIC-resistant proof-of-work mechanism.
Miners secure the network and validate transactions by using graphic cards. Vertcoin switched from using a proof-of-work algorithm to Lyra2Rev3 after being the victim of a 51% attack in December 2019. One of the key characteristics of Vertcoin is that it is unminable by ASIC miners. People can mine Vertcoin from their PC with easy-to-use software that is downloadable from the Vertcoin website.
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Stefan Grasic (Dipl.-Jur) is the owner of Business24-7 and has considerable experience in the financial and investment niche, but also enjoys writing articles for the general readership. Stefan is an active stock, CFD, crypto and general investment researcher, advising blockchain companies such as Blockbird, GoCrypto, Hive Terminal at their start up level. Stefan began trading in 2010 as a college student. Money was tight,…