Vertcoin is different. Unlike many other coins you will see on this forum, Vertcoin has a purpose, a goal which drives the community and developers to constantly innovate. Committed to the decentralisation Satoshi originally dreamed of, Vert has consistently evolved over time to combat the threats to this dream. As a result, one of our main features is ASIC resistance, having forked successfully to a new proof of work algorithm called “Lyra2RE” upon discovering that Scrypt-N ASICs were being developed, and Lyra2reV2 after discovering a botnet. We believe that by keeping the mining process in the hands of those with generalised, low-risk, consumer grade hardware, we can lower the entry requirement for miners, increasing the number of individuals mining the coin which in turn leads to true decentralisation.
Vertcoin is a cryptocurrency like Bitcoin and Litecoin with an added focus on keeping the ecosystem as decentralised as possible.
Vertcoin is a zero frills development coin that solves real cryptocurrecy problems rather than fluff that crowds the space.
Our primary innovations
Our revolutionary new proof of work algorithm, designed to be ASIC resistant at its core, made its debut at block 208301. In addition, responding to calls from our miners, Lyra2RE has a ~15% power usage reduction on X11. Lyra2RE has replaced Scrypt-N, our previous proof of work and a Vertcoin innovation in itself, in order to defeat the ASIC miners that were released for it. The fork has successfully been carried out, once again making Vertcoin a decentralised, ASIC-free zone and fulfilling Vertcoin’s promise to hard-fork if an ASIC threat becomes apparent, a promise which Litecoin made, but didn’t deliver on.
Current hashing algorithm: Lyra2REv2
Vertcoin Core integration/staging tree
What is Vertcoin?
Vertcoin is a fork of Bitcoin that is designed to resist the monopolisation of mining power. - 2.5 minute block targets - subsidy halves in 840k blocks (~4 years) - ~84 million total coins - 50 coins per block (25 after block 840,000) - Difficulty retargeting every block to recover from large hashrate swings - Lyra2REv2 proof of work algorithm for ASIC resistance
For more information, as well as an immediately useable, binary version of the Vertcoin client sofware, see http://www.vertcoin.org.
Vertcoin Core is released under the terms of the MIT license. See COPYING for more information or see https://opensource.org/licenses/MIT.
master branch is regularly built and tested, but is not guaranteed to be
completely stable. Tags are created
regularly to indicate new official, stable release versions of Vertcoin Core.
Developers work on their own forks and submit pull requests in order to merge
master. Due to the relatively small size of the development team,
developers also commit directly to the repo often. Anyone is allowed to contribute
though and useful pull requests will almost always be accepted given various
obvious stipulations regarding stability etc.
Vertcoin currently relies on Bitcoin Core for its testcases, and few of them are known to work, though the software is based on fully test conforming upstream Bitcoin Core versions. We would be grateful to those who can help port the existing Bitcoin Core test cases to Vertcoin such that they can be used to assure correctness.
Changes to translations as well as new translations can be submitted to as pull requests to this repo or to upstream Bitcoin Core.