Vertcoin FAQ
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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What is Verthash?
Verthash is Vertcoin’s current mining algorithm—memory-intensive, ASIC-resistant, and designed to keep GPUs competitive.
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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.
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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.
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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.
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Is Vertcoin safe to use?
Yes. The blockchain is secure, the ledger is open, and the community actively upgrades defenses against centralization or attacks.
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How many Vertcoins exist?
The total supply is capped at 84 million coins, just like Litecoin.
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When was Vertcoin launched?
October 2014—with no ICO, no premine, and a fair launch.
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What does “fair launch” mean?
No insider deals, no founders keeping a stash—everyone mined from block zero.
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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).
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Where can I buy Vertcoin?
CoinEx and a few other exchanges list it. But always move your coins off exchanges into your personal wallet.
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What wallet should I use?
The official Vertcoin wallet or Electrum-VTC. For maximum safety, use hardware wallets that support VTC.
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Can I stake Vertcoin?
Not yet—Vertcoin is Proof-of-Work only. Mining is the way to participate.
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What is the “Open Ledger”?
Vertcoin’s blockchain is fully transparent—anyone can view transactions publicly.
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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.
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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.
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How does Vertcoin help decentralization?
By ensuring mining remains accessible to anyone with a GPU, not just massive ASIC farms.
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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.
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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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