Vertcoin Development Update — June 2018

This month was no different from every month. The majority of our time was spent providing support on our discord server, talking people off the ledge, and setting up a suicide hotline for all people invested in Crypto. Happily, more lives were saved than lost. Vertcoin also made a smart investment earlier this year when we bought into a lambo repo service. Our profits have mooned. Joking aside, below is what we accomplished in June.

AMD miner

The long wait is over! The AMD miner for Lyra2rev2 is out. This miner has 0 fees and is open source so anyone can dig into it. Above is what we have so far for stock hashing speeds. Overall we are very happy. This new miner called lyclminer. You can get check out the repo and get binaries here.

Trezor support

Trezor wallet users rejoice! Vertcoin has been added to the Trezor One and Trezor T hardware wallets. For those who are unfamiliar with hardware wallets. They allow you to store your private keys offline on a secure device. Unlike the Ledger Nano S & Ledger Blue (which also supports Vertcoin), the Trezor wallets fully support Segwit addresses and gives you the option to use your own server so you can validate the transactions with your own data. Check out Trezors website for more info.

Exchange listings

Due to popular demand, we haven't touched the exchange listing fund yet. The team is all about best value listings. We have never paid a listing fee yet, and don’t intend to until something great comes up. This month we were lucky enough to get a free listing from an up and coming exchange called MapleChange. Please check it out and thank them for listing Vertcoin.

Vertcoin’s One Click Miner

Vertcoin One-Click Miner Version 1.2.0 The OCM finally has a working AMD miner! Thanks to lyclMiner, the OCM is now able to provide support to those using AMD graphics cards. This update also gives users the ability to manually set a work size per GPU(AMD), as well as select which of your GPU’s to use for mining — take a look in the ‘Settings’ menu! Link.

An addition to the Dev team

Vertcoin is always open to adding more team members to our already outstanding team. Last month we welcomed Suriyaa Sundararuban to our team. Suriyaa, an avid taco lover, has been programming since age 11. He is working on multiple Open Source projects. Suriyaa joined the Vertcoin team in June 2018 after a friend recommended he use Vertcoin. He started as a developer, but is currently involved in web development


Looking back on this month. Wow. A lot is happening! While the markets are busy taking a dive, we are busy working to increase awareness and advance Vertcoin to the ultimate goal of world domination…i mean, everyone’s adoption of VTC as currency…

We have some new faces on the marketing team, check out their bios below.

New Marketing Team Members

spuddlenothuddle — Melbourne based community volunteer with with specialist skills in creative problem solving, art direction, production management, studio management, strategic innovation and policy implementation.

Sam Sepiol — Vertcoin community member. Focused on contributing and improving educational material. Likes corn tortillas with his tacos!

Below is a summary of some of the initiatives that the marketing team worked on this month:

Vertcoin Brand Audit

Over the last month our team has been working hard to do a brand audit. Helping shape and guide our direction as a marketing team for the future of Vertcoin. We are working to make our education, outreach and brand awareness even better month after month. Below are the list of items we took up while doing the brand audit.

  • Establish insights into Vertcoin’s key strengths, challenges, opportunities
  • Establish market perception, position and brand position
  • Propose key principles in brand architecture, content strategy to drive marketing initiatives and goals
  • Review suite of Vertopian marketing material
  • Identify what can be improved to support marketing, expansion and opportunities

Vertcoin’s AMD Miner Instructional Video Contest

Please upload your video to YouTube and include in the title of the video #VertcoinAMDMiner

We will select the best video for each operating system and the winner will receive 50 Vertcoin for their work!

Make sure your upload date is July 17th or earlier!

Vertcoin Talk

We only got one show done this month. As we enter summer here in North America, we will be spacing out the live broadcasts due to vacations and weekend activities. Canen might do a live stream in the middle of the week, so make sure to subscribe to our youtube or twitch!

Links are at the bottom of this post.

Episode 7 — Fireside Chat with James Lovejoy about the Lyra2REv2 miner for AMD GPUs!

Last week on Vertcoin Talk, Canen had a fireside chat with our lead developer James Lovejoy. The main focus of this talk was the AMD miner! Thanks for bringing your questions and welcoming in a huge mining population into the Vertcoin Family! Vertcoin Verde Hot Sauce is Out of STOCK! All of that and much more!

Tune in on YouTube LIVE, Soundcloud, Google Podcast or iTunes for a on-demand recording of the show. You can find the latest here.

Merchant Adoption

Overall, June was a good month. Bycryp allows for a ton of people to buy and sell things with vertcoin! This is a massive win in the increased goal of adoption.

We are looking to expand our efforts regarding merchant adoption even further. Do you want to take a more active role in Vertcoin’s development? Drop by our discord #open_marketing channel to discuss merchant adoption strategies

Over the past month, we have had numerous new merchants accept Vertcoin as a means of payment. Check out the post on our subreddit every money for the latest additions to the Merchant list. You can also check out our website below.

Merchant Page:

Vertpig Swap & VTC/DGB

You can now trade Vertcoin against DGB! A 0% Makers fee and just a 0.25% Takers fee! Digibyte will be added to Vertpig Swap in the coming days once sufficient liquidity on the Exchange is achieved. Be sure to follow Vertpig here:

Dealing with Double-Spend and How we as a community can help protect against it

Check out the latest article posted by thatmanontheright. As a member of our marketing team, this showcases how our whole project is always thinking and addressing every aspect of crypto. It would be easy for us to keep to our own siloed project and ignore the vulnerabilities that exist outside of the Vertcoin ecosystem but that isn’t how we roll.

We are in this situation right now with a large number of cryptocurrencies, including Vertcoin. Users command exchanges quickly accept their deposits without any hassle (pressure), exchanges don’t check deposits as well as they should (opportunity) and there’s low hashrate networks combined with attack-rent services like NiceHash (means). Combined, these factors create the perfect mix for a double-spend cocktail.

Read More here:

Quenching ASIC rumors

There have been few echos about lyra2rev2 asics in progress. If that’s true we think it’s better to be safe than sorry. Due to this, Jk_14 has prepared the first C implementation of new PoW candidate which will be used for testing purposes and will help us to keep ASIC resistant and decentralized. I wish we could share more information, but this is all we feel comfortable with sharing at this point. Please be patient as we bring the best possible long term solution to keep Vertcoin ASIC free, and in the hands of the people.

Monthly KPIs (Key Performance Indicators)

  • Reddit: members: 34,300 -0.01%
  • Discord: members: 14,523 +0%
  • Twitter: followers: 83,500+0%
  • Instagram: followers: 3,180 +9%
  • Facebook: followers: 9,673 +0.02%

VTC Development Fund

Donations for May: +837.09 VTC -thanks!


AMD miner bounty -10,000 VTC

Website bounty -1,000 VTC

UK lawyers -1002 VTC

Podcast setup reimbursement -136.5 VTC listing fee -100 VTC

webcam reimbursement -79.1 VTC

Coming up

  • New multi-platform Lightning based wallet incl. stealth + atomic swaps
  • Establishment of the Vertcoin Foundation( Still in progress!)
  • New exchange listings
  • Expanding VertDocs
  • New algo

Links and Resources

Again we’d like to give a big thanks to all who have helped with the project so far. We love our community and have been amazed at the response to the project. Spread the word. Pitch in. After all, we are the people’s coin.


Written by


Vertcoin Development Team

Vertcoin Blog

Vertcoin Blog

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