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Vertcoin (VTC) is a decentralized, open-source cryptocurrency based on the Bitcoin blockchain. It was created in January 2014 by a group of developers who wanted to make a cryptocurrency that was more resistant to centralization and ASIC mining.
Vertcoin is designed to be mined using GPUs (graphics processing units) rather than ASICs (application-specific integrated circuits) which are more expensive and centralized. This means that anyone with a standard computer can participate in the mining process, making it more decentralized and democratic.
Vertcoin uses the Lyra2REv3 algorithm, which is designed to be ASIC-resistant and provide better security and efficiency. It also has a maximum supply of 84 million coins, which is four times higher than Bitcoin's maximum supply.
Vertcoin is actively developed by a community of developers who work on improving the code and adding new features. It has a strong focus on privacy and security, with features such as stealth addresses and one-click Vertcoin Tor integration to enhance privacy.
Vertcoin can be used for peer-to-peer transactions and is accepted by a growing number of merchants and businesses. It can also be traded on various cryptocurrency exchanges. Overall, Vertcoin aims to provide a more decentralized and community-driven alternative to Bitcoin and other cryptocurrencies.
