Review on Vertcoin by francis fernandez
Vertcoin: accessible and fair mining for everyone
Due to the high maintenance costs of mining nodes and the large energy consumption demanded by these complex networks; cryptographic project developers have oriented their platforms towards simplifying the mining processes of coins. This is one of Vertcoin's missions.
Vertcoin is a digital currency that has a peer-to-peer network operation to enable more direct and simplified asset exchange.
The platform's mission is to incorporate any user into its VTC mining process through the use of its computer equipment.
Token:
The token is identified with the acronym VTC and is the product of an alteration of the Litecoin blockchain.
VTC has an established maximum supply of 84,000,000. Technology:
Vertcoin operates under a peer-to-peer mechanism that offers resistance to ASICs; guaranteeing the equity and fair distribution of cryptocurrencies in its organizational structure and eliminating absolute control of large mining companies.
The infrastructure manages a consensus protocol called Proof of Work that guarantees the decentralization of the cryptocurrency mining procedure and facilitates the integration to the mining group of any user who offers the computing power of their team to the growth of the network.
By means of POW the coins are minted and the operations of the chain are validated. This easy access mechanism to its mining process (1-click program) has contributed to the popularity of the platform among communities.
Another of the great advantages that the chain has is its open source protocol; that allows developers and the general public to review and use their technology.
Pros
- Offers easy access mining
- It is a platform not subject to third party control
- It is an open source protocol, accessible to all public
- Offers ASIC resistant technology
Cons
- It has no disadvantages
