Vertcoin is a cryptocurrency like Bitcoin and Litecoin with an added focus on keeping the ecosystem as decentralised as possible.
Vertcoin is a zero frills development coin that solves real cryptocurrecy problems rather than fluff that crowds the space.
Cryptocurrency is worthless unless it’s decentralised. Currently Bitcoin & Litecoin have the majority of their hashrate owned by large mining conglomerate in China. This is far from safe.
Vertcoin was created in 2014 with the intention of being easily mined by the masses. In more recent times devices called ASICs have taken over Bitcoin/Litecoin, centralising profitability and governance to ASIC manufacturers.
Vertcoin remains resistant to ASICs through regularly changing it’s adaptive mining algorithm as ASICs cannot adapt to change. Choosing the right consensus tool is key to mining decentralisation and distributed governence, ASICs do not achieve this.
While other cryptocurrencies have succumbed to monopolized mining, Vertcoin remains resistant to the specialised hardware that is used to mine currencies like Bitcoin.
As mining represents an ownership in the network we believe that everyone has the right to access. We have created an easy One-Click Miner to help you get started with mining.
Download One Click Miner
Lightning Network is a payment layer designed to solve the problems of scalability, speed and transaction costs without compromising security standards.
LIT is the first Lightning Network to include Vertcoin support, and currently the only non-commercial Lightning Network implementation, meaning that it can never be monetised.
LIT is developed at MIT DCI by Thaddeus Dryja the co-author of the Original Lightning Network White Paper.
Lightning presents an interesting challenge. In order to send/receive transactions users need to be online at all times, obviously this isn’t practical.
Solving this you have two choices. You could give control of your funds to a third party having them manage it for you and doing so recreate the banking system we already have.
Alternatively, you could have a device similar to a small home router that manages your Lightning transactions. This is the only option that lets you control your funds. That’s what LitBox is, a multi coin lightning solution that lets you be your own bank.
Vertcoin is at the forefront of Lightning Network development, currently developing the first known multicoin lightning network wallet.
The lightning wallet will run on LIT, one of the 4 currently existing implementations of Lightning Network. Outside lightning channel management LIT will act like TCP/IP layer for cryptocurrency joining all your addresses under a single address umbrella unlike existing implementations. This means you’ll have one address for sending/receiving that doesn’t reveal your on-chain addresses.
LIT is also multicoin lightning protocol meaning that multicoin support is built directly in, natively supporting SegWit coins by default. Other implementations require forks of Lightning which inevitably result in downstream bugs never getting fixed, similar to Electrum. LIT is also the only protocol that doesn’t require full nodes, which makes multicoin solutions like LitBox not only possible but very affordable.
Due to coin support being directly implemented into the protocol, LIT will be able to achieve the multicoin lightning ecosystem operability much faster and smoother than any other implementation.
Vertcoin is not a get-rich-quick scheme. Fairly distributed starting in January 2014, every Vertcoin in existence has been mined by its users on a level playing field.
This makes Vertcoin less susceptible to market manipulation as the developers do not maintain large holdings to artificially inflate the market capitalisation.
Vertcoin has tens of thousands of community members from all over the globe. A great coin for beginners, join our Discord Server or Reddit to meet a ton of like-minded people who are waiting to help you get started.
Often hailed as one of the “best communities in crypto”, Vertcoin really is all about you. There are no businesses or celebrities behind Vertcoin, only real people with a shared vision.
The community is the driving force behind what Vertcoin has accomplished. We are proud to boast a community who is passionate about the future of Vertcoin and are willing to take action to make things happen. Other coins need money to grow, Vertcoin has a shared vision with its users that fuels its path forward.
James has been programming in one form or another since age 10. He currently is an undergraduate researcher at the MIT DCI, working on enacting decentralized monetary policy.
Joe’s primary developing experience has been in .NET and C#, with secondary skills in various other languages. He works in the field of physics, manufacturing radiation detection instrumentation. He has been involved in Vertcoin since early 2014.
Also known as ETANG600 has been a miner and an active member of the crypto community since 2013. Since discovering Vertcoin, he has been helping with Vertcoin’s social media presence and development tasks.
Star started to mine and support Vertcoin’s network since 2014. Joined our team in 2017 to focus on web programming and branding. He continues to consult and help grow the online community. Godwits works with the core team to engage with potential partnerships & representatives in USA / South Korea.
Bryan joined the Vertcoin team in 2017. A Solution Architect by trade, Bryan is primarily focused on web development. Initially driving Vertcoin marketing and strategy, Bryan helped launched the Dev Update, VertDocs and other projects.
Gert-Jaap joined Vertcoin in 2017. Started as a blockchain rookie in Vertcoin, but is currently involved in most of the development activities. Primary focus is the next-generation wallet of Vertcoin centred around the Lightning Network, while also contributing wherever necessary.
Alex is a Computer Engineer with experience designing server-class CPUs, writing baremetal test software, and performing post silicon validation. Alex focuses on the development and support of Vertcoin CUDA/OpenCL Mining Software.
jk_14 has helped us create the Vertcoin Android wallet and he authored the GNU/Linux distribution for mining called KopiemTu. He has been involved in cryptocurrency since 2013 and started MobileCash, a coin that is merge-mineable with Vertcoin.
pknight has helped us create the Electrum wallet. He has been involved in cryptocurrency since early 2014.
Adam is a Software Engineer at heart but now oversees an entire Digital Innovation practice at a global marketing agency. His current role includes significant fiduciary, management and implementation responsibilities. Adam was the Lead Developer of Vertcoin in 2014 but took time off to focus on his family and career.
Daiki is our Japanese representative who is working closely with the core team to bring opportunities & potential partnerships in Japan’s major cities.
CryptoPlankton helped build the new Vertcoin website and implement various branding upgrades. He is currently working the multicoin lightning wallet application as a UX specialist.
As community members just like you, the developers are friendly and approachable. Many of us are active daily on Discord or Reddit and regularly converse with users, providing support and answering questions. Besides development and marketing, one of our primary roles is education and we’re happy to help new users to understand this new and exciting technology.