betplom
*plommer*
- Since
- Jan 27, 2010
- Messages
- 29,157
- Score
- 1,657
- Tokens
- 0
"Vertcoin strengthens the distributed nature of cryptocurrencies with its innovative approach"
https://vertcoin.org/
[h=2]What's the issue with Litecoin derivatives?[/h] Centralization of mining power weakens security for everyone
As digital currencies mature, mining power is being concentrated due to ASIC farms and huge multipools.
This weakens security for us all
Vertcoins algorithm has been designed to resist the development of custom mining hardware, and multipool mining ensuring that transactions are validated by a widely distributed network and avoiding the selling pressure when large mining pools indiscriminately flood the market with freshly mined coins For more detail, read the Vertcoin Paper by David Muller
Technical Details
Algorithm: Scrypt-Adaptive-Nfactor (Not scrypt-jane)
Generation: 84 million VTC
Block time: 2.5 minutes
Block Rewards: 50 coins per block
Subsidy halves every 840,000 blocks (~4 years)
Difficulty Re-Target Time: Retargets every block (Kimotos Gravity Well)
Premine: Zero - not premined
https://vertcoin.org/
[h=2]What's the issue with Litecoin derivatives?[/h] Centralization of mining power weakens security for everyone
As digital currencies mature, mining power is being concentrated due to ASIC farms and huge multipools.
This weakens security for us all
Vertcoins algorithm has been designed to resist the development of custom mining hardware, and multipool mining ensuring that transactions are validated by a widely distributed network and avoiding the selling pressure when large mining pools indiscriminately flood the market with freshly mined coins For more detail, read the Vertcoin Paper by David Muller
Technical Details
Algorithm: Scrypt-Adaptive-Nfactor (Not scrypt-jane)
Generation: 84 million VTC
Block time: 2.5 minutes
Block Rewards: 50 coins per block
Subsidy halves every 840,000 blocks (~4 years)
Difficulty Re-Target Time: Retargets every block (Kimotos Gravity Well)
Premine: Zero - not premined
