Community-owned Vertcoin is back on the scene – Yahoo Finance

Community-owned Vertcoin is back on the scene – Yahoo Finance

Vertcoin – a name many know, yet seldom hear – has undertaken a two-year-long community-led revamp aimed at putting the cryptocurrency back at the forefront of the industry.

Founded all the way back in 2014, Vertcoin (VTC) is an iron-clad, battle-tested veteran of the crypto world – a decentralised community-owned cryptocurrency, and the result of two hard forks guided by the same philosophy…

Keep Satoshi’s original dream of a decentralised digital currency that maintains 1 GPU = 1 vote in case for Vertcoin, but was originally 1CPU = 1 vote.

Bitcoin (BTC) initially maintained this vision, but the onset of ASIC miners led to a divergence between the profitability a regular person could achieve mining BTC on their GPU and a new elite-class of miners with extremely powerful custom-built ASIC technology that could outperform GPU miners.

This led first to the creation of LiteCoin (LTC) through a code fork. But this too eventually fell susceptible to the ASIC onslaught, driving a new fork and the creation of Vertcoin in order to preserve viable GPU mining for everyday people.

Vertcoin VTC Price action

Vertcoin VTC Price action

(Source.)

It rose to prominence in the market, enjoying a comfortable and well-deserved top 30 position during the 2017 bull run and, along with the rest of the market, it slowly bled out into the long crypto winter.

2019 would become
Source…