Flipside Daily Mover: VTC

A coin per day, making big moves

VTC Advances Work on One Click Miner

July 16, 2019

VTC FCAS has climbed 32.98% over the last 30 days. Developer Behavior has increased significantly, climbing 314-points (69.32%). User Activity has declined 9-points (-1.91%) and Market Maturity fell 27-points (-4.96%). Price is down -35.66% over the same time period.

GPU for the Masses

Vertcoin is a decentralized peer-to-peer cryptocurrency that positions itself as a “GPU mineable Bitcoin”. Utilizing their homegrown Lyra2RE algorithm for PoW mining, VTC effectively made their chain resistant to ASICs and established itself as a more egalitarian cryptocurrency alternative.

Since late June, Vertcoin’s FCAS has been on a steep incline as the team rolls out improvements to their One Click Miner and delivers infrastructure improvements to support the release of their new Verthash algorithm.

🌶️ Hot Take

The crypto markets are flooded with various cryptocurrencies boasting subtle flavor alternatives to existing technology. SImilar to Monero’s attempt to ban ASICs from the blockchain, Vertcoin has been quite successful in ensuring GPU & CPU miners would dominate mining activities on the chain. Their Once Click Miner is a clever innovation that makes them an appealing asset for individuals curious about the crypto space, but lacking the technical proficiency to run more complex mining operations.

Nevertheless, outside of its mining ease-of-use and an individual’s general allegiance to the asset’s claim as “the people’s coin”, it is unclear why crypto adopters would choose VTC over other competitors such as Verge or Litecoin to transfer value on the blockchain. In order to ensure its further growth, Vertcoin will need to establish partnerships in budding industries that could benefit from its inherent currency-based use cases.

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