Vertcoin
Crypto Overview
Overview
Vertcoin (VTC) is a decentralized cryptocurrency launched in 2014 as a fork of Litecoin. Its primary purpose is to maintain ASIC resistance through its mining algorithm, ensuring that mining remains accessible to regular users with consumer-grade hardware (GPUs).
Purpose and Utility
The intended purpose of Vertcoin is to serve as a peer-to-peer digital currency while maintaining decentralization through ASIC resistance. The project emphasizes the 'one-click miner' that allows anyone with a computer to participate in securing the network.
Business Model
Vertcoin operates as a pure cryptocurrency with no pre-mine, no ICO, and no founder rewards. The project is entirely community-driven and open-source. The business model revolves around maintaining a decentralized payment network that remains resistant to mining centralization.
Real-World Adoption
Vertcoin has limited but consistent real-world adoption. It is primarily used as a medium of exchange and can be traded on several cryptocurrency exchanges. The project maintains active development and a dedicated community of miners.
Platform and Development
Development activity continues through GitHub, with regular updates to the core software and mining applications. The project maintains its commitment to ASIC resistance through algorithm updates when needed.
Token Distribution
Vertcoin has a fair distribution model with no pre-mine or founder allocation. All coins are created through mining, following a similar halving schedule to Bitcoin.
Crypto Impact
To assign a comfort level investing in Vertcoin from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Vertcoin.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.