CryptoCoinsRevolution.com: Hashing algorithm Vertcoin

Vertcoin information

Vertcoin is a digital cryptocurrency that is touted to be ASIC and Multipool resistant with its innovative Scrypt-N hashing algorithm. These resistants make Vertcoin a much more secure and truly decentralized cryptocurrency as compared to other altcoins.

The motivation of Vertcoin was the fact that Scrypt-based ASIC mining chip that is used to mine Scrypt derivative coins such as Litecoin and Dogecoin is entering the mass market. That coupled with strong mining pool causes the strength of a cryptocoin to drop as it becomes easier for a specific party to pull a 51% attack and even monopolize the network. Scrypt-Adaptive-Nfactor was created to address that issue.

Vertcoin is zero premined and as of the current design, only 84 million coins would ever be created.

Vertcoin is said to be the next generation of coins due to its unique hashing algorithm. There may be more altcoins created based on this hashing algorithm in order to defend their network against ASIC miners.

• Website: http://vertcoin.org
• Algorithm: Scrypt-N
• Generation: 84 million VTC
• Block time: 2.5 minutes
• Block Rewards: 50 coins per block
• Subsidy halves every 840,000 blocks (~4 years)




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