What is Vertcoin?
Vertcoin is not funded nor controlled by any entity, it is simply an open source GPU Bitcoin variant that mirrors BTC development. You could mine Vertcoin at home using your computer, the way Bitcoin was meant to be.
Full Vertcoin History!
History of Vertcoin
Vertcoin.org
Vertcoin.org has been created. Sources – Search the WHOIS Database
First Vertcoin Topic on Bitcointalk.org
„[ANN][VTC] Vertcoin – Adaptive N-factor in Scrypt – No more ASICs“.
Technical Details:
- Mining Algorithm: Scrypt-N (until Vertcoin Hard Fork Against ASIC Threat At Block 208301, nowadays used Verthash)
- Symbol: VTC
- Max Coins: 84 million vertcoins (4x the Amount of Bitcoin)
- Block Time: 2.5 minutes (4x faster than Bitcoin blockchain and 4x throughput capacity
than Bitcoin blockchain) - Block Rewards: 50 coins per block. Subsidy halves every 840,000 blocks (~4 years just like Bitcoin)
- Difficulty Re-Target Time: Every block with Kimotos Gravity Well algorithm
Sources – Bitcointalk.org
No Premine | No ICO | No Airdrop
There is no premine except three, normal blocks done to test the network (150 coins). Source: 1. https://bitcointalk.org 2. VTC block height #1
Vertcoin mining it was launched
For the first time in the world Vertcoin added Algorithm – Adaptive N-factor. Vertcoin uses an ASIC resistant proof-of-work mechanism to issue new coins and incentivize miners to secure the network and validate transactions. Vertcoin’s blockchain is maintained by a decentralized coalition of individuals collectively mining using modern graphics cards. Source – Vertcoin Explorer
First Vertcoin Logo 2014
First Vertcoin Logo 01.2014. Source – 1. https://imgur.com/P7wGpZ9 2. [ANN][VTC] Vertcoin new logo – vote now!
Kimotos Gravity Well algorithm
Vertcoin added Kimotos Gravity Well algorithm and Difficulty Re-Target Time is Every block. Difficulty adjustment occurs every block (~ 2.5 minutes) as opposed to Bitcoin (~ 2 weeks). Source – Vertcoin specifications
1 VTC = $11.60
1 Vertcoin (VTC) reaches 0.01398 BTC or 11.60 $ (1 BTC is 830$ on this date) on Poloniex.com and Vertcoin reaches 8352000$ Market Capitalization
Second Vertcoin Logo 2014
Vercoin Developers on Bitcointalk.Org
[ANN] Vertcoin Stealth Addresses „We’re working on stealth addresses in Vertcoin“
Stealth Addresses
For the first time in the world Vertcoin added Stealth Addresses for Personal Privacy. Source: 1. Vertcoin Wallet v0.8.7.3 Stealth Address 2. Vertcoin | Stealth Address | Release
Vertcoin Hard Fork against ASIC threat at block 208301
Vertcoin forked from Scrypt-Adaptive-N proof-of-work function to Lyra2RE. Source – VertcoinWallet v0.9.0.0 – Lyra2RE
Second Vertcoin Topic on Bitcointalk.org
„Vertcoin – 1 | ASIC – 0 | Lyra2RE | Decentralised | GPU Mineable | Open Source“. Source – Bitcointalk.org
Vertcoin Hard Fork against ASIC threat at block 347000
Vertcoin forked from Lyra2RE to Lyra2REv2. Source – Vertcoin Wallet v0.10.0.0 – Lyra2REv2
Removes the Stealth Addresses function
This is intended to be the final “old client” release before SegWit. This wallet update deprecates and removes the Stealth Addresses function since it will not be available in the next wallet version. Additionally, this release implements lowS signatures which is required for BIP66. Source – Vertcoin Wallet v0.10.1.0 – lowS signatures and deprecate stealth
Third Vertcoin Topic on Bitcointalk.org
Vertcoin [VTC][ANN] Segwit Activated | ASIC Resistant Decentralized GPU Mining. Source – Bitcointalk.org
“Layer 2” – The Lightning Network (LN)
SegWit successfully activated on Vertcoin network as of block 713,664! The Lightning Network (LN) is a “layer 2” payment protocol designed to be layered on top of a blockchain-based cryptocurrency such as Bitcoin or Vertcoin. First Lightning transaction on VTC main network! Source: 1.Vertcoin on Twitter – SegWit successfully activated 2.Vertcoin on Twitter – First Lightning transaction on VTC
One Click Miner
First Beta Version 1.1.2 has been released for download. Program with interface to easily download and control miner software for CPU’s and AMD/Nvidia GPU’s. Also has integrated P2Pool functionality. Sorce – One-Click Miner Beta Version 1.1.2
We are moving to Discord – Join us
“Please join the team for general chat, mining help, and other exciting topics of conversation (tacos anyone?). Someone is usually around to help. We hope to see you there!”. Source – Vertcoin Reddit
1 VTC = $12.05
1 Vertcoin (VTC) reaches 0.00088000 BTC or 12.05 $ (1 BTC is $14425 on this date) and Vertcoin reaches $395 930 000 Market Capitalization. Source – VTC USD Charts and Quotes — TradingView
The First Vertcoin Halving
The reward per block decreased from 50 VTC to 25 VTC coins per block plus transaction fees. Vertcoin has the same halving time as Bitcoin (approximately every 4 years). Source: 1. Controlled supply – Bitcoin Wiki
Vertcoin Logo
Vertcoin was successfully 51% attacked
From October through December 2018, Vertcoin suffered from 51% attacks. Vertcoin is a Bitcoin clone that aims to be ASIC-resistant by hard forking to new mining algorithms whenever ASICs are deployed on the network. Vertcoin changed its proof-of-work (POW) algorithm to Lyra2REv3. Source – Vertcoin (VTC) was successfully 51% attacked
Vertcoin Hard Fork against ASIC threat at block 1080000
Vertcoin forked from Lyra2REv2 to Lyra2REv3. Source – Vertcoin Wallet 0.14.0 – Lyra2REv3 main network hard fork
One-Click Miner vNext
First One-Click Miner vNext 0.1-alpha1 has been released for download. The One-Click Miner allows cryptocurrency enthusiasts to get into mining with minimal effort. When you download the One-Click Miner, you will be asked to provide a password for your (built in) wallet. It will then immediately commence mining. Source – One Click Miner vNext 0.1-alpha1
Vertcoin Was Successfully 51% Attacked
On 1 December 2019 603 blocks were removed from the VTC main chain and replaced by 553 attacker blocks. We note that 600 blocks is the current confirmation requirement for VTC on Bittrex. There were 5 double-spent outputs in which ~ 125 VTC (~$29) was redirected. Source – Vertcoin (VTC) was 51% attacked
One-Click Submarine Swap… BTC <> VTC
Vertcoin is the first cryptocurrency in the world to perform a One-Click Submarine Swap. Full symbiosis with Bitcoin. If there is a global adoption of the Lightning Network – it will be thanks to Vertcoin. Source: 1. Vertcoin Tweets 2. One-Click Miner 2.1s (with One-Click Submarine Swap)
Vertcoin Hard Fork against ASIC threat at block 1500000.
Vertcoin successfully forked from Lyra2REv3 to Verthash. Vertcoin is decentralized with first truly ASIC-resistant algorithm in the World – Verthash. Playing games while mining Vertcoin on Any 2GB or higher GPU (Graphics Processing Unit). A graphics card (also called a video card, display card, graphics adapter, or display adapter). Source – Vertcoin Wallet 0.17.0 – Hard fork to Verthash PoW algorithm from block 1,500,000
One Click Miner vNext 2.0 Final
This final release of the One-Click Miner contains a few language fixes and adds a default fallback to English for untranslated strings. Source – One Click Miner vNext 2.0 Final
Taproot is activated
Vertcoin rebases to upstream Bitcoin Core 0.21.1 and sets taproot activation parameters. As of block #1623304, Taproot has been activated on the Vertcoin blockchain before Bitcoin! Source: 1. Vertcoin Wallet 0.18.0-rc1 2. Vertcoin Reddit
Vertcoin Crowdfunding
Introducing the Vertcoin Community Crowdfunding System – a way for members to get involved and proposals to be funded. Source: 1. Reddit – Vertcoin Crowdfunding 2. Vertcoin Crowdfunding official website
The Second Vertcoin Halving
The reward per block decreased from 25 VTC to 12.5 VTC coins per block plus transaction fees. Vertcoin has the same halving time as Bitcoin (approximately every 4 years). Source: 1. Vertcoin’s Second Halving has occurred at block #1680000. The block reward is now 12.5 VTC!
- Recent releases of Vertcoin Core Wallet – https://github.com/vertcoin-project/vertcoin-core/releases
- Recent releases of Vertcoin One-Click Miner – https://github.com/vertcoin-project/one-click-miner-vnext/releases