Vertcoin (VTC) has been around since 2014 but it wasn't until yesterday that I took a serious look at this coin. I was surprised to see such a low trading price at $1.17 USD compared to similar coins. The developers have been very busy and have built a solid coin. I think the price is going to skyrocket any day! The following are my top six reasons why I just bought some Vertcoin for the first time.
The coin is halving on 12 Dec 2017
They recently successfully made the Atomic Cross-chain swap with Litecoin (LTC)
The Ledger Nano wallet will soon support Vertcoin
TOR wallet is in development (Stealth Addresses)
It is part of the Lightning Network
Last but not least, It bans ASIC mining
According to the Vertcoin website, it "stays true to the original vision of cryptocurrency: a financial system owned by its users, the people’s coin. Vertcoin is not controlled by large banks or mining hardware manufacturers and can be mined by anyone profitably. Fairly distributed without a premine, ICO or airdrop, Vertcoin is developed by community members working as volunteers and the project is wholly funded by donations."
The following are the Vertcoin specifications:
Algorithm: Lyra2RE(v2)
Generation: 84 million presently (halving December 2017)
Block time: 2.5 minutes
Block Rewards: 50 coins per block
Subsidy halves every 840,000 blocks (~4 years)
Difficulty Re-Target Time: Retargets every block (Kimoto’s Gravity Well)
Premine: Zero
This is not to be considered financial advice but only sharing my thought process in investing in this coin. Best of luck to you all!
Sources: https://vertcoin.org
https://coinmarketcap.com/currencies/vertcoin/
