Vertcoin
| Vertcoin | |
|---|---|
 | |
| Denominations | |
| Plural | Vertcoin, Vertcoins |
| Ticker symbol | VTC[lower-alpha 1] |
| Subunits | |
| 1⁄1000 | millivertcoin |
| Coins | Unspent outputs of transactions (in multiples of a satoshi)[1]:ch. 5[unreliable source?] |
| Development | |
| Initial release | 8 January 2014[citation needed] |
| Latest release | 0.13.3 / 21 September 2018[2][non-primary source needed] |
| Code repository | github |
| Operating system | Windows, Linux, macOS |
| Website | vertcoin |
| Ledger | |
| Ledger start | 8 January 2014 |
| Timestamping scheme | Proof-of-work |
| Hash function | Lyra2REv2 |
| Issuance | Decentralized (block reward)[4][irrelevant citation][5][irrelevant citation] |
| Block reward | 25[lower-alpha 2] |
| Block time | 2 minutes, 30 seconds |
| Block explorer | bitinfocharts |
| Circulating supply | 47,320,500 VTC (as of 16 December 2018[update]){{citation needed]] |
| Supply limit | 84,000,000[3][non-primary source needed] |
Search Vertcoin on Amazon.
Vertcoin (VTC) is an open-source cryptocurrency created in January 2014 that focuses on decentralization. Vertcoin uses a Proof-of-Work (PoW) mechanism to issue new coins and incentivize miners to secure the network and validate transactions. Vertcoin has hard forked twice.[6][non-primary source needed][7][non-primary source needed]
History[edit]
Vertcoin was released via a forum post on Bitcointalk on January 8, 2014 and remains an open source software project under the MIT/X11 license.[8][non-primary source needed] Vertcoin is the result of a fork after Scrypt ASICs were developed and being used on the Litecoin network.[9][non-primary source needed] Vertcoin introduced what was known as "Adaptive N‐Factor" to the Scrypt algorithm.
On December 13, 2014 (block 208301), Vertcoin forked from Scrypt-Adaptive-N to Lyra2RE.[6][non-primary source needed]
On August 10, 2015 (block 347000), Vertcoin forked from Lyra2RE to Lyra2REv2.[7][non-primary source needed]
On May 31, 2017, Segregated Witness (SegWit) was activated in the main network.[10][non-primary source needed]
Lyra2REv3 was proposed by developers for Vertcoin; the suggested block height for all miners and users to upgrade any software connecting to the Vertcoin network is block 1080000.[11][non-primary source needed]
See also[edit]
References[edit]
- ↑ Andreas M. Antonopoulos (April 2014). Mastering Bitcoin: Unlocking Digital Crypto-Currencies. O'Reilly Media. ISBN 978-1-4493-7404-4. Search this book on
- ↑ "Releases - vertcoin-project/vertcoin-core". Retrieved 31 December 2018 – via GitHub.
- ↑ metallicjames. (1 April 2018). "Vertcoin source code - amount constraints".
- ↑ "Statement of Jennifer Shasky Calvery, Director Financial Crimes Enforcement Network United States Department of the Treasury Before the United States Senate Committee on Banking, Housing, and Urban Affairs Subcommittee on National Security and International Trade and Finance Subcommittee on Economic Policy" (PDF). fincen.gov. Financial Crimes Enforcement Network. 19 November 2013. Archived (PDF) from the original on 9 October 2016. Retrieved 1 June 2014.
- ↑ Empson, Rip (28 March 2013). "Bitcoin: How an Unregulated, Decentralized Virtual Currency Just Became a Billion Dollar Market". TechCrunch. AOL inc. Archived from the original on 9 October 2016. Retrieved 8 October 2016.
- ↑ 6.0 6.1 "vertcoin-core/src/primitives/block.cpp". Github. metallicjames. Retrieved 31 December 2018.
- ↑ 7.0 7.1 "vertcoin-core/src/primitives/block.cpp". Github. metallicjames. Retrieved 31 December 2018.
- ↑ "vertcoin-core". Github.
- ↑ Coventry, Alex (2012-04-25). "Nooshare: A decentralized ledger of shared computational resources" (PDF). Self-published. Retrieved 2012-09-21.
These hash functions can be tuned to require rapid access a very large memory space, making them particularly hard to optimize to specialized massively parallel hardware.
- ↑ "9c5018b Mandatory Upgrade - UASF for SegWit starting on 31st May 2017 00:00:00 GMT". Github. metallicjames. Retrieved 31 December 2018.
- ↑ "Lyra2REv3 Mainnet Hardfork #72". Github. gertjaap. Retrieved 31 December 2018.
External links[edit]
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Others articles of the Topic Cryptography : Public-key cryptography
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