While the cryptocurrency market was designed with the foundational ideal of decentralization, it quickly became clear that some currencies were becoming the opposite- highly centralized. This was made clear when Bitcoin\u2019s hashing rate went down by a drastic 35% when a Chinese company utilized application-specific integrated circuits (ASICS) to create a monopoly of sorts on the platform. <\/p>\n\n\n\n
To counter the chance of this happening again, Vertcoin launched its processes. In this guide we cover the worthwhile change Vertcoin has been able to bring to the crypto space, provide a technical and fundamental analysis as well as our VTC price predictions.<\/p>\n\n\n\n
In keeping in line with the vision of a \u201cfinancial setup owned and run by its users\u201d, Vertcoin is a means for users to have complete control over their money, have smooth and hassle-free transactions and avoid costs related to payments to middlemen. Vertcoin has removed other costs like chargebacks, ensured a peer-to-peer transference system, and reduced the chances of coins like Litecoin and Bitcoin falling prey to ASIC mining monopolies.<\/p>\n\n\n\n
Many other ASIC-resistant coins have been created to tackle this hashing problem, but developers have simply created systems to work around them, and those coins have failed. Vertcoin, however, provides a system whereby the ASIC resistance is nearly infallible, since it has directly targeted the profitability for ASICs to mine VTC, the native token of the Vertcoin platform. <\/p>\n\n\n\n
This would mean that any ASICs undertaking to mine VTC would not be able to do it, unless very expensively. Since the systems required to target VTC need time, development money and are still likely to fail in procuring a profit, Vertcoin is rendered the most ASIC-resistant coin on the market.<\/p>\n\n\n\n
ASIC mining with its superior, fast algorithms was able to monopolize markets greatly. However, Vertcoin enabled GPU mining, which connects laptop and PC users to the world of crypto, making it incredibly accessible. This shifted the bulk of the hashing farms away from the platforms, and routed profits to individual users.<\/p>\n\n\n\n
CPU mining also broadened the range of accessibility available to individual users who happened to be novices in the cryptocurrency world. While CPU mining enables accessibility and thus prevents the monopolization by hashing companies, it is not very practical given that well-developed, powerful equipment can easily outstrip CPU mining.<\/p>\n\n\n\n
Two coins that you can merge mine along with VTC are MobileCash and Unitus. This again expands the capacity of what you can do with VTC and permits mining along other blockchains simultaneously. This also enables the flow of data across algorithms on both networks, helping solve cryptographic issues on both as well by contributing to the total hash rate. <\/p>\n\n\n\n
Amongst the unique features of Vertcoin is how easy it is to mine it. Features such as the Vertcoin One-Click Miner program makes it incredibly easy for even novice crypto traders to be able to access the crypto market with ease. Anyone equipped with a discrete GPU can use the One-Click Miner and begin trading and earning awards. Bitcoin and Ethereum have both been observed to be moving towards centralization, with hashing companies pocketing significant profits. <\/p>\n\n\n\n
Vertcoin, when compared to these two, remains largely decentralized, even though the methods employed by Vertcoin are virtually the same, minus the hashing cap that Vertcoin\u2019s superior algorithm places to protect individual users from losses owing to monopolization.<\/p>\n\n\n\n
Our Vertcoin price predictions predict a positive outcome for the token VTC precisely because as the Ethereum chain also shifts to proof-of-stake mining, VTC can easily tap into the market gap created as miners look for coins that are GPU-mineable. These market trends predict that the anti-AISC features make Vertcoin a reliable investment, one with potential for growth and stability. Improved hashing power and control over the markets also serves the purpose of preventing immense data traffic, fraud and streamlines security, hence is the most unique feature Vertcoin has to offer. <\/p>\n\n\n\n
Vertcoin is currently worth $<\/b>0.043193<\/span><\/span><\/span><\/strong> USD. VTC has moved -0.24%<\/span><\/span><\/strong> in the last 24 hours with a trading volume of