Earlier this year, at the peak of the cryptocurrency frenzy, everyone was talking about bitcoins. Even celebrities like Paris Hilton, Floyd Mayweather, and Lily Aldridge were talking about it. But now that the market has crashed and most coins have fallen by more than 80%, we no longer hear much about bitcoins. However, there are still a few coins out there that are similar to bitcoins and could be worth your attention in the coming months. We know you’ve probably heard about “the next Bitcoin” thousands of times before. That’s because every so often a new coin comes along that is fundamentally similar to Bitcoin but with a few important differences. These coins are almost always marketed as being “the next Bitcoin” or some variation on that phrase. In this article, we will go over five reasons why Vertcoin could be the next Bitcoin and why you should consider buying some today before its adoption becomes commonplace.
What is Vertcoin?
Vertcoin is a decentralized peer-to-peer digital currency that was created in 2014. It is based on the Bitcoin blockchain, but it has a few key differences that make it unique compared to other cryptocurrencies that are also based on Bitcoin’s blockchain. Vertcoin is completely open-source, decentralized, and free for everyone to use. Vertcoin’s mining algorithm is ASIC resistant, which means that CPUs, GPUs, and even smartphones can be used to mine the coin. Another important thing to note is that Vertcoin is not a fork of Bitcoin’s blockchain, it is a fork of the Litecoin blockchain. Vertcoin is currently ranked as the 39th largest cryptocurrency by market cap. It is a proof of work coins like Bitcoin and Litecoin, with a total fixed supply of 84 million coins.
Why Is Vertcoin the Next Bitcoin?
As we’ve gone over above, there are many aspects of Vertcoin that make it a great investment. However, the most important reason why the coin could be the next Bitcoin is that it has a few fundamental differences that make it much more resistant to government interference than many other cryptocurrencies. Vertcoin has no supply caps and has rules that benefit miners. This means that governments cannot try to control the supply of the coin by creating their own centralized version of the coin. It also means that miners cannot own more than 50% of the supply of the coin, which will make it more difficult for governments to try to regulate the coin.
Vertcoin Has Shifting Rules That Benefit Miners
One other important thing to note about Vertcoin is that the mining difficulty will shift depending on how much mining is being done. This means that when people start mining the coin, mining difficulty will increase, but when people stop mining the coin, mining difficulty will decrease. This is a clever feature that helps Vertcoin avoid being centralized like Bitcoin. Vertcoin’s shifting rules that benefit miners mean that when there are not many miners, the difficulty of mining increases, and when there are a lot of miners, the difficulty of mining decreases. This helps Vertcoin avoid being centralized like Bitcoin.
Vertcoin’s Technology Is Advancing at Breakneck Speed
One of the most important signs of whether or not a coin will rise in value is whether or not its technology is advancing at breakneck speed. This is because technological advancements lead to increased adoption of a coin, which leads to increased demand and increased value. Vertcoin has been advancing at a breakneck speed since the beginning. Even today, the technology behind the coin is advancing at a breakneck speed. Developers are working on a new ASIC-resistant mining algorithm called V3, and they are also working on a new implementation of the Lightning Network that could make transactions much cheaper and faster than they are today.
Vertcoin’s Smart Swap Will Hasten Adoption
One final thing to note about Vertcoin is that it is part of the Crypto Swapping initiative. This initiative is a decentralized peer-to-peer exchange that allows people to swap one cryptocurrency for another. Vertcoin is one of the coins involved in this initiative, and the team behind it is working on integrating Smart Swapping into their wallet. This will allow people to exchange Vertcoin for Bitcoin, Bitcoin for Litecoin, and so on with ease. This initiative is a very important development that will speed up the adoption of these coins when it becomes commonplace.
Vertcoin Has a Great Marketing Strategy
Finally, one of the most important signs of whether or not a coin will rise in value is whether or not its developers and marketing team are doing a good job at marketing it. Vertcoin’s developers have been doing a great job of marketing the coin for a few years now. They have constantly been working to create partnerships with other important coins, hosting conferences and events, and marketing the coin in other ways.
Final Words: Should You Buy VTC?
Altcoins are risky, but they can also be very profitable when you find the right one. In our opinion, Vertcoin is the next Bitcoin and has the potential to be worth a great deal more than it is worth today. Because of this, we think it is a good investment for long-term cryptocurrency investors. We suggest that you buy about 1/10 of your usual investment in VTC and keep the rest in a safer investment like USD. This way you can still enjoy the profits from VTC if it does skyrocket, but you won’t be too devastated if it doesn’t work out.