$VTC: An Under Valued Coin -- Here's Why

What is Vertcoin?

Vertcoin is a digital currency that can be sent between people over the internet. Vertcoin (VTC) stays true to the original vision of cryptocurrency: a financial system owned by its users, the people’s coin. Vertcoin is not controlled by large banks or mining hardware manufacturers and can be mined by anyone profitably. Fairly distributed without a premine, ICO or airdrop, Vertcoin is developed by community members working as volunteers and the project is wholly funded by donations. A finite resource similar to gold, you can rest assured that Vertcoin will keep your money safe from vested interests and ensure that transaction fees are proportionate and shared between a large number of miners. With Vertcoin, you can truly be your own bank.

Designed to resist centralization

Vertcoin’s algorithm is designed to resist the development of custom mining hardware and multipool mining, ensuring that transactions are validated by a widely distributed network and avoiding the selling pressure when large mining pools indiscriminately flood the market with freshly mined coins. Our developers have pledged to take whatever steps are necessary to protect this coin from specialized mining equipment and make sure that it will always be possible to mine with consumer grade hardware. This is great news for miners because it offers the opportunity for all miners to compete fairly with each other, and not have to risk falling victim to unscrupulous hardware manufacturers who may fail to deliver pre-ordered equipment.

Perks Of Vertcoin

• Decentralized Mining (their core focus)
  Mining should be fair & easy! They do not allow ASICs on our network. The development team is wholly committed to keeping it that way. This ensures the long term security and fair distribution of the currency.

One Click Miner

• There is also a one click miner which is super easy to setup and use.

Web Wallet (Mobile Friendly)

• This is a secure and easy way to send Vertcoins to friends or family. Control your own private keys. Merchants can also use this on their tablet or phone to accept Vertcoin payments without downloading any app. All you need is the internet.

Active Developers and Tean

• Similar to my view on $BLOCK the $VTC team are very involved in the community on reddit, on their discord, on twitter. It’s really nice to see such direct contact with the people they serve.

Segregated Witness (Segwit Activated)

• Activated in May 2017. This increases Vertcoin’s block size limit and allows the implementation of the second-layer solutions for further improvement.

Lightening Network

• The lightning network offers scalable, Instant blockchain transactions.

Atomic Cross-Chain (Atomic Swaps) Lightning Network Development

• A decentralized way of exchanging your Vertcoins with another. A layer to cross both blockchains (Example: Vertcoin & Litecoin or Bitcoin) – Where you can seamlessly exchange your Vertcoin for Litecoin or Bitcoin (Or the other way around) on your wallet. This is a feature of The Lightning Network which coins on LN will be able to exchange with each other.

Downsides:

• Popularity

In the past $VTC didn’t have the popularity to match their usability. The network is fast and easy but not a lot of people were engaging with it. Now however, they have had a massive surge in popularity and because of that they don’t have enough active nodes. The development team mentioned a few days ago that about 130 active nodes are running and thus people cannot sync the full wallet. I foresee that changing very shortly though.

My View

• I had been trading and out of $VTC without really thinking about hodling it. Once I saw the percent increases, and started to read about the coin .. I decided to add it to my portfolio permanently. If I had the processing power I would be mining it as well, unfortunately I can’t – but maybe in the future! The bottom line is that $VTC is essentially a $LTC clone with fairness built in because of the ASIC resistance. As far as I’m concerned that’s enough for me to make the switch.

Current Market

• Unless you've been under a rock you've likely seen or heard about $VTC and it's market gains. The first time I bought in, it was $1.68 on October 16th, today October 24th as I write this article it's at $3.77 - And I don't think that's a coincidence.

Its looking slightly over purchased in my eyes right now, I would wait until the next time it comes down a pick some up. Thank me later!

Sources:

• https://www.reddit.com/r/vertcoin/
• https://vertcoin.org/
• https://twitter.com/Vertcoin