I am pleased to announce Vertcoin will be changing its Proof of Work algorithm to Lyra2. Lyra2 is a password hashing scheme much like Scrypt that is not easily parallelizable and has scaling hardware difficulty that depends on memory and processing power.

Vertcoin has always been and will continue to be the leader in decentralization of cryptocurrency. Lyra2 is a natural successor of Scrypt providing an improvement on the same fundamental purpose – scaling hardware difficulty. The decision to move to this algorithm comes as a preemptive strike against ASICs and a move against Multipools. As many of you know, we have several concepts in the hopper to remain in step with the Vertcoin charter – Vertcoin’s [algorithm] is designed to resist the development of custom mining hardware and multipool mining, ensuring that transactions are validated by a widely distributed network and avoiding the selling pressure when large mining pools indiscriminately flood the market with freshly mined coins.

This means..we gotta push to get vertcoin to the point it deserves!

It is the crypto coin of the future