One of the cryptocurrencies getting a lot of positive buzz right now is Vertcoin. For those that don’t know, Vertcoin is a currency based coin, so it doesn’t solve a particular tech problem or introduce a new use for blockchain technology. Instead, it is similar to Litecoin, but with one major difference, it is mineable by standard consumer grade GPU’s or video cards. Currencies like Bitcoin and Litecoin both use ASIC miners, which are not readily available to consumers like video cards are. Because of this, the mining of Bitcoin and Litecoin can become more centralized than people are comfortable with since the average computer user does not have access to an ASIC computer or the knowledge to use one. Vertcoin promises to return the power to the people with their coin.

The reason that making sure mining is available to everybody if they so choose is to prevent something called a 51% attack in the crypto world. A 51% attack is when either a single miner or group of miners working together control more than 50% of the mining. They can then begin to alter new blocks, make it so other miners cannot get rewards, and even double spend coins because the miners are the ones who verify transactions. It has never happened and is hypothetical, but the risk is there. This is the reason that keeping the barrier to entry very low to mining is important. If everyday computer users can start mining easily and cheaply, then there is far less chance of any one person gaining 51% of the mining power for a coin. By making a coin that can be mined on a video card, it makes sure the mining stays decentralized.

Another plus that Vertcoin has is that it has already launched its “One Click Miner”. This piece of software makes mining extremely simple. All that is needed is a standard computer with a video card (although you can mine with the CPU) and the software available from Vertcoin. Install it, add your wallet address and you can start mining in one click. You can do it full time, or when your computer is idle to make some extra money. Either way, it’s something that Vertcoin already has produced and it makes mining simple and easy for virtually everyone.

So why am I getting bullish on Vertcoin? It’s really all about the mining. One of the big reasons for Ethereum’s meteoric rise to stardom wasn’t just the tech, it was because miners flocked to it. If miners flock to a coin early on, it often sees very positive price action over time. If Vertcoin can start to attract all those mining rigs that were built to mine Ethereum and other coins over to Vertcoin, you may see a nice, sustained jump in price for the next several months to a year.

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