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- Coin Introduction
1. Project introduction
Vertcoin is a digital currency that can be sent from peer to peer over the internet.
Though similar to LTC and BTC, Vertcoin has one major difference; ASIC resistance. While this may seem like a minor change, it actually has much larger implications when it comes to the fair distribution, politics, and decentralization of the coin. Vertcoin stays true to the original vision of cryptocurrency: a financial system owned by its users, the people’s coin. Centralized mining has no place in the crypto-space and should not be considered the norm or acceptable. Vertcoin is positioned to break this cycle and place the power back in to the communities hands.
On December 12, 2017 Vertcoin will undergo its first ever block reward subsidy halving. The halving will occur on block 840,000 and reduce mining rewards by 50% from 50 VTC per block to 25 VTC per block. This halving occurs roughly every 4 years and will continue to half until the supply is fully emitted. as time goes on, transaction volume and network hash will increase, slowly shifting miner payouts from block rewards to transaction fees.
2. Application and distribution
Total supply: 84,000,000
Token application: POW mining reward
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