ASICs, highly specialized computers, have put the power to mine cryptocurrencies in fewer peoples’ hands. This centralization of power weakens the security of the coin and may impact the long term value. Vertcoin is wholly dedicated to decentralization through meaningful innovation.
Vertcoin’s algorithm is designed to resist the development of custom mining hardware and multipool mining, ensuring that transactions are validated by a widely distributed network and avoiding the selling pressure when large mining pools indiscriminately flood the market with freshly mined coins.
Generation: 84 million VTC
Block time: 2.5 minutes
Block Rewards: 50 coins per block
Subsidy halves every 840,000 blocks (~4 years)
Difficulty Re-Target Time: Retargets every block (Kimoto’s Gravity Well)
Premine: Zero – not premined