Vertcoin (VTC) is a part of the few digital coins that maintained the initial vision set for cryptocurrencies. It allows seamless peer-to-peer (P2P) transactions and completely cuts out unnecessary middlemen—banks, brokers, etc. Due to that fact, transaction fees are significantly reduced and trading with VTC is far more financially viable.
Furthermore, its decentralized nature symbolizes that this is a coin made by the people for the people. Vertcoin has a finite resource of available coins and this might play an important role in the price of the coin itself.
If you are interested in investing in Vertcoin, but you are unsure of what the digital coin has to offer, take a look below as we explore everything VTC-related.
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The history of the coin
Little information is available about the team that developed this coin. At one point, there was a team page on the official website but it has since been removed.
As with other cryptocurrencies, VTC prices are fluctuating each day. The coin reached an all-time high in January 2018 before plummeting. Currently, its price is hovering around $0.177. Of course, this number can rise or dip depending on the market situation.
How to get it
As the world of crypto evolved for the better or for the worse, depending on who you ask, Vertcoin remained true to the original Bitcoin vision. The Bitcoin-based cryptocurrency kept its proof-of-work consensus even though other currencies opted for a switch to proof-of-stake.
What this means is that you can still use mining tools to obtain rewards. Still, getting into mining can be quite difficult and expensive. You will have to weigh the benefits and the drawbacks before purchasing that AMD or NVIDIA card.
Some graphics cards can set you back at least $1000, depending on your location and chip availability. Furthermore, after you buy the graphics card, you will have to set up a whole system that will allow it to cool down and not overheat.
Lastly, you will need specific software depending on the card. For NVIDIA cards you will need CCMiner and for AMD cards the best option is SGminer.
Where to buy Vertcoin
You can purchase VTC on any major crypto exchange. However, before you do that, make sure that you know exactly why you are buying the coin and how much are you planning to invest.
If you deem that the coin is well worth investing in, you will need to obtain a Vertcoin wallet in order to store your coins securely. You can download the wallet safely from the official coin website and start trading straight away.
If you want to boost the security levels when it comes to storing coins, you can use cold wallets as the Vertcoin-Core wallet is supported by Trezor, Ledger, and so on.
Using Vertcoin
Once you have a wallet, it’s quite easy to make transactions with your VTC funds. All you need is a specific address that begins with V and features 24-36 alphanumeric characters.
The fee you will pay for transactions is extremely low and it’s only charged so that the network can be maintained properly by expert individuals.
Where to spend it
As we mentioned previously, Vertcoin is still minable and is one of the coins that will maintain a strong anti-ASIC for years to come. This means that the coin will always produce a strong mining community.
As the coin gets more popularity due to its accessibility and option for individuals to mine it and gain rewards with not-so-expensive hardware systems, a lot more people will start adopting it. Vertcoin users can seamlessly make transactions between themselves or simply use a crypto exchange to cash in their profits.
Bottom line
The VTC coin has a development team that is constantly working hard to maintain and improve it which makes it one of the few coins with such dedicated backing. As things stand, things are looking bright for VTC as more and more experts indicate that there will be a crypto boom in the following years.
The true beauty of this coin is VTC’s strong anti-ASIC which enables miners to still operate and not throw their graphic cards away. That being said, if you are interested in making an investment, consider researching more regarding this coin.
