About Vertcoin
Market Stats
Market Cap
$2,933,840.82
FDV
$3,443,746.53
Circulating Supply
71,562,360 VTC
Max Supply
84,000,000 VTC
Total Supply
71,562,360 VTC
Hold Time
No data
Performance
Popularity
No data
Dominance
0%
Volume (24H)
$8,989.14
0.14%
All time high
$10.53
Additional info about Vertcoin
Networks and details
The price of Vertcoin has decreased by 0.20% in the last hour and increased by 1.98% in the past 24 hours. Vertcoin’s price has also fallen by 0.69% in the past week. The current price is $0.0410 per VTC with a 24-hour trading volume of $8.99K. Currently, Vertcoin is valued at 99.61% below its all time high of $10.53. This all-time high was the highest price paid for Vertcoin since its launch.
The current circulating supply of Vertcoin is 71,562,360 VTC which means that Vertcoin has as total market cap of $2,933,840.82.
Price history
Today | $0.0410 | ↗ 1.98% |
1 Day | $0.0402 | ↗ 1.98% |
1 Week | $0.0413 | ↘ 0.69% |
1 Month | $0.0471 | ↘ 12.96% |
1 Year | $0.0542 | ↘ 24.36% |
Market details
Performance against other markets | ↘ 25.54% |
Performance against BTC | ↘ 37.15% |
Performance against ETH | ↗ 47.78% |
Performance in the past year | ↘ 24.36% |
FAQ
Vertcoin (VTC) is a peer-to-peer digital asset that strives to maintain its mining functions in a decentralized manner. It is often referred to as 'The People's Coin' due to its objective of allowing anyone with a personal computer to participate in the Vertcoin network. Built on the foundation of Bitcoin, Vertcoin is an open-source GPU Bitcoin variant that mirrors BTC development. It is neither funded nor controlled by any entity, which underscores its decentralized nature. Vertcoin was established as a graphics card mined version of Bitcoin in January 2014 as a response to Litecoin succumbing to ASIC control.
Vertcoin operates on a Proof-of-Work (PoW) consensus mechanism, making it resistant to ASIC. It employs its own mining algorithm, Verthash, which is similar to Ethereum's Ethash, meaning GPUs mine competitively. This method strives to ensure maximum distribution of hashrate for security. Vertcoin also features a difficulty adjustment that occurs every block, approximately every 2.5 minutes, as opposed to Bitcoin's two-week adjustment period. The Kimoto Gravity Well algorithm is used for this purpose, which is necessary for a smaller hashrate coin like Vertcoin.
Vertcoin aims to make mining more accessible to the general public. To this end, it has developed a 1-click miner, a program designed to simplify the mining process. This feature could potentially attract individuals interested in participating in the digital asset space without needing extensive technical knowledge or expensive hardware. Furthermore, Vertcoin was one of the first coins to lock in and activate SegWit, a protocol upgrade that seeks to improve the speed and efficiency of transactions.