Vertcoin (VTC) has been around since 2014 but it wasn't until yesterday that I took a serious look at this coin. I was surprised to see such a low trading price at $1.17 USD compared to similar coins. The developers have been very busy and have built a solid coin. I think the price is going to skyrocket any day! The following are my top six reasons why I just bought some Vertcoin for the first time.
The coin is halving on 12 Dec 2017
They recently successfully made the Atomic Cross-chain swap with Litecoin (LTC)
The Ledger Nano wallet will soon support Vertcoin
TOR wallet is in development (Stealth Addresses)
It is part of the Lightning Network
Last but not least, It bans ASIC mining
According to the Vertcoin website, it "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."
The following are the Vertcoin specifications:
Algorithm: Lyra2RE(v2)
Generation: 84 million presently (halving December 2017)
Block time: 2.5 minutes
Block Rewards: 50 coins per block
Subsidy halves every 840,000 blocks (~4 years)
Difficulty Re-Target Time: Retargets every block (Kimoto’s Gravity Well)
Premine: Zero
This is not to be considered financial advice but only sharing my thought process in investing in this coin. Best of luck to you all!
Sources: https://vertcoin.org
https://coinmarketcap.com/currencies/vertcoin/
One more reason why it's good
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I forgot to list that one! You are correct. That is very important! Thanks!
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Hey, I've also allocated a part of my portfolio to Vertcoin, I like their project and approach and I think it will thrive, especially with the upcoming Bitcoin segwit2x problems. One more thing I like about Vertcoin for your list.
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Totally agree with you! Thanks for the input!
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@thedeplorable1 you are definitely showing some interesting points about Vertcoin her and this makes me think it would be good to buy some. I will research a bit more detail on it. Thanks for sharing. Just upvoted. @gold84
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good post, I like your post..:)
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Thanks for taking the time to read it. Best wishes!
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Great job @thedeplorable1..:)
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Thanks for this.
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You are welcome!
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It has been over a dollar since that last bump up from around .50 cents, and now its been going up again, things are looking great for it to be at $2 by monday if this keeps up!!
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I agree. I am guessing between $5.00 -15.00 USD within a month. Thanks for your comment!
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Vertcoin has done well since the date of your comment :D
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Mining is not fair if coin is ASIC capable....
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I agree :-)
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Thanks for voting.
Glad to meet you.
God day.!
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Same to you!
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Convinced me to buy some. Thanks!
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You made me want to buy some and see what's happens haha =D
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lol.. I am glad I could tell you about the coin. Remember, don't buy more than you can afford to lose..;-)
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All good don't worry thanks ;)
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thank! i want to buy vertcoin . where store wallet?
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I signed up for the web wallet. It was very easy to do. I don't like storing my coins on exchanges in case they get hacked. Thanks for commenting! https://vertcoin.org
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Is it on Bitshares?
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Who controls changes made to the Vertcoin code?
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