Re: [ANN][VTC] Vertcoin - Adaptive N-factor in Scrypt - No more ASICs
Vertcoin is the only peer to peer currency that cannot be mined using asic miners, and there is as of yet no technology available to defeat this. (True?)
I think more specifically, its not that it can't be mined by ASIC chips (it can't with the current scrypt ASICs) but because of the "Scrypt-Adaptive-Nfactor" which results in increased memory requirements over time, it makes it more expensive to produce and every time the Nfactor changes you'll need a new one. So I think its more that its not profitable to make ASICs rather than being impossible.
Total lifetime coinage of 82 million places supply below litecoin, currently trading near $20 each.
Its 84 million supply, same as litecoin.
Market cap for litecoin currently at 2 billion dollars despite litecoins susceptibility to asics and heavy mining operations. This is a 4,000 times the market cap of vertcoin, which has a s a stronger potential long term position as a truly decentralized peer to peer currency.
Isn't the current market cap of litecoin a bit over 500 million USD?
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