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.
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