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Review on Vertcoin by Alex Martakov

Revainrating 5 out of 5

However, in this context, attention should be paid to the prospects of…

However, in this context, attention should be paid to the prospects of development. The lack of innovative ideas significantly reduces the potential and competitiveness of the project. In this situation, investing in Vertcoin is associated with the presence of appropriate plans of developers focused on the areas in demand for users. Against their background, this cryptocurrency will be profitable for long-term investments.



Pros
  • Since a distinctive feature of the development of Vertcoin is the protection of miners, the extraction of coins should be discussed in more detail: (+)- the maximum volume of the envisaged issue is 84 million coins; (+)- the rate of formation of block – 2.5 minutes; (+)- the allocation complexity of the network after each block; (+)- initial reward for creating a block – 50 coins; (+)- reducing the rewards for mining twice every thousand 840 units. many users note the benefits of mining without creating a farm, especially against the background of the rising cost of digital money. Active attention is paid to the implementation of the Lightning Network in the Vertcoin platform. Its purpose is to increase the system capacity and scale. With the successful implementation of the corresponding functionality, the number of transactions processed at the same time will increase by an order of magnitude. Technology Lightning Network allows to hide the addresses of users by increasing the rate of anonymity. At the same time, it opens the possibility of atomic cross-chain – decentralized conversion of digital money data with other cryptocurrencies. Analysts point out that the introduction of such technology in the project will increase the value of the VTC cryptocurrency several times.
Cons
  • None