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Vertcoin FAQ

  1. What is Vertcoin?
    Vertcoin (VTC) is a decentralized, community-driven cryptocurrency designed to stay true to Bitcoin’s core principles while remaining ASIC-resistant, meaning anyone can mine it with a GPU.
     

  2. How is Vertcoin different from Bitcoin?
    Vertcoin shares Bitcoin’s DNA but is designed to be mined on GPUs, not specialized ASIC hardware. This keeps mining more accessible and decentralized.
     

  3. How is Vertcoin different from Litecoin?
    Vertcoin is a fork of Litecoin, but it upgraded to the Verthash algorithm, which is optimized to resist ASIC domination and keep mining in the hands of everyday users.
     

  4. What does ASIC-resistant mean?
    ASICs are expensive machines built only for mining. Vertcoin’s Verthash algorithm was built to prevent ASICs from taking over, keeping the network fair.
     

  5. Why is GPU mining important?
    Because anyone with a gaming PC can participate in securing the network—keeping Vertcoin decentralized instead of dominated by a few big miners.
     

  6. How do I mine Vertcoin?
    Download a Vertcoin wallet and use the One-Click Miner. It’s beginner-friendly and connects you to mining pools automatically.
     

  7. Can I still mine Vertcoin profitably today?
    Yes, depending on your GPU, electricity cost, and pool rewards. It’s not “get rich quick,” but it’s steady and fair.
     

  8. What is Verthash?
    Verthash is Vertcoin’s current mining algorithm—memory-intensive, ASIC-resistant, and designed to keep GPUs competitive.
     

  9. Was Vertcoin hacked?
    Vertcoin was 51% attacked in 2018–2019 when it used earlier algos (Scrypt variants/Lyra2REv3). Those attacks were enabled in part by cheap, rapidly rentable hash. Verthash (hard-forked in 2021) was the response to raise the attack cost and limit instant-on rentals.

  10. What is a 51% attack, exactly?
    A 51% attack happens when someone controls most of the network’s mining power and tries to double-spend transactions. It doesn’t hack wallets or steal coins—it just tries to rewrite incorrect blocks.
     

  11. How is Vertcoin protected now?
    It requires miners to do random lookups over a large, precomputed dataset (verthash.dat, ~1 GB+). This makes specialized ASICs/cheap rental hash far less advantageous versus commodity GPUs and raises the real-world cost to marshal majority hash on short notice. 

    The design (inspired by Ethash and Proof-of-Space concepts; SHA-3 based in the reference design) aims to keep hashrate widely distributed across consumer GPUs rather than concentrating in ASIC farms. Wider distribution ⇒ harder to centralize 51%

    Finally, it uses Kimoto Gravity Well to retarget every block (~2.5 min). Rapid retargeting blunts “burst-rent hash, mine a secret chain, then reorg” strategies, because difficulty chases spikes quickly.
     

  12. Is Vertcoin safe to use?
    Yes. The blockchain is secure, the ledger is open, and the community actively upgrades defenses against centralization or attacks.
     

  13. How many Vertcoins exist?
    The total supply is capped at 84 million coins, just like Litecoin.
     

  14. When was Vertcoin launched?
    October 2014—with no ICO, no premine, and a fair launch.
     

  15. What does “fair launch” mean?
    No insider deals, no founders keeping a stash—everyone mined from block zero.
     

  16. What makes Vertcoin SEC-friendly?
    Since it had no ICO or premine, and it’s pure Proof-of-Work, Vertcoin aligns with commodity definitions (like Bitcoin and Litecoin).
     

  17. Where can I buy Vertcoin?
    CoinEx and a few other exchanges list it. But always move your coins off exchanges into your personal wallet.
     

  18. What wallet should I use?
    The official Vertcoin wallet or Electrum-VTC. For maximum safety, use hardware wallets that support VTC.
     

  19. Can I stake Vertcoin?
    Not yet—Vertcoin is Proof-of-Work only. Mining is the way to participate.
     

  20. What is the “Open Ledger”?
    Vertcoin’s blockchain is fully transparent—anyone can view transactions publicly.
     

  21. Why don’t more people know about Vertcoin?
    Unlike hyped coins with marketing budgets, Vertcoin has always been community-driven, quietly building for the long-term.
     

  22. Will Vertcoin ever be on Robinhood or Coinbase?
    The community is actively campaigning—its clean regulatory profile and fair launch make it a strong candidate.
     

  23. How does Vertcoin help decentralization?
    By ensuring mining remains accessible to anyone with a GPU, not just massive ASIC farms.
     

  24. Is Vertcoin good for beginners in crypto?
    Yes—it’s easy to mine, safe to use, and represents the pure Proof-of-Work model without corporate influence.
     

  25. Why do people call Vertcoin the “people’s coin”?
    Because it’s fair, accessible, ASIC-resistant, and built by a community—not a corporation or VC fund.

     

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