Vertcoin Introduces New POW Algorithm, Promises ASIC-Free Features

Vertcoin Introduces New POW Algorithm, Promises ASIC-Free Features

Vertcoin developers recently released a whitepaper that describes a roadmap to their new POW algorithm - Lyra2RE. As mentioned in the paper, Lyra2RE is a NIST5 based chain algorithm whose sole aim is to reduce miners' dependency on ASIC machines. The proposed algorithm somewhat adds up to the "anti-ASIC" campaign Vertcoin launched alongside its release in January 2014. The coin's development team therefore has a strong emphasis on implementing Lyra2E over their previous POW algorithm Scrypt-N. The latter's ASICs are already available in the market. Lyra2RE takes inspiration from the....


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Vertcoin does not think Zerocoin implementation would be a good move. Over the past few weeks, there have been rumors that Vertcoin could soon implement a variation of Zerocoin to enhance privacy and anonymity in this particular cryptocurrency. I recently talked with Paul Bradley, one of the developers of Vertcoin, to clear the air on what kinds of features we are going to see added to Vertcoin in the near future. While Bradley stated Zerocoin implementation is probably off the table due to the negatives outweighing the positives, there are are still a few privacy-enhancing features that....

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Vertcoin (VTC) has been rising quickly over the past few days, a time when most major coins and alts have been flat. Earlier today Vertcoin was up roughly 325% over 24 hours, based on CoinMarketCap's stats. This brought its market cap over the $4 million mark and saw it reach 14th position in the rankings of mineable coins. Not bad for a Litecoin fork released on the 8th of January 2014. Vertcoin chart on CoinMarketCap. Before dismissing Vertcoin as just the latest pump and dump, it's worth noting that it does have an active development team, engaged community and - most importantly - at....