Vertcoin 51
InVertCoin will be where LiteCoin is now. Atomic swaps, segwit, lightning network, asic-resistance, 1-click miner, finite amount like BitCoin. Vertcoin is an open and decentralized currency built on blockchain technology. We're focused on a fast decentralized mining network. Vertcoin is an open source peer to peer digital currency focused heavily on decentralization.
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- Vertcoin Hit With 51% That Saw Hackers Lose up to $4,000
- A Failed Hack: Hackers Attempted ‘51% Attack’ on Vertcoin
- Vertcoin Suffers its Second 51% Attack in 12 Months
- Vertcoinwallet
- Vertcoin 51% Attack ‘Motive Uncertain’ as Hackers Lose up to $4,000
- Kryptowährung zahlungsmittel
- Vertcoin: Everything you ever wanted to know
- Vertcoin suffers another 51% attack
Vertcoin Hit With 51% That Saw Hackers Lose up to $4,000
The green cryptocurrency Vertcoin has entered the scene in the year It has recently erupted into the crypto-scene due to the implementation of the highly secure Ledger hardware wallet. What is so unique about Vertcoin? How does it relate to the more well-known cryptocurrencies such as bitcoin and litecoin? And, why is Vertcoin the ideal cryptocurrency for light miners?
Vertcoin has always been an ASIC-resistant coin. This means that Vertcoin is specifically designed for home mining and not industrial specialised crypto-mining hardware i. These devices are effective; however, their production has been monopolised by one company in particular - Bitmain. The practices of this company have been debated time and time again in the past Backdoor Antbleed , Bitcoin Cash Support.
ASICs isn't that easy to access for light miners. The main motivation behind Vertcoin was to keep the mining process in the hands of average users. After all, the motto of the project is "The People's Coin" - cryptocurrency for the people. Over the past few years, developers have initiated two forks to confirm their intention to keep it as an ASIC-resistant currency.
The Vertcoin hash function was at first just like Litecoin - Scrypt. In general, Vertcoin mining is more user-friendly than other cryptocurrencies. Vertcoin developers have created the so-called One-Click-Miner for those who are not highly-skilled with IT, hardware, and software. In other words, VTC is going to benefit from the one-click process because more users will have the capacity and ability to mine.
For example, if you own a gaming system and you want to monetise your hardware, you can help build Vertcoin and make money at the same time. In the next sections, we will look more closely at One-Click-Miner mining and Simplemining.
These methods are more suitable for mining using multiple graphics cards, mining rigs, and even entire farms. The installation process is designed so anyone with a laptop can easily set it up and start mining.
It's important to always download the latest version of the program. Once installed, the green-grey OCM window opens. Here you need to set two basic data requirements. The first is your VTC wallet address where the payout will be sent, or what you will receive. We recommend the best and safest way to store private keys is with a hardware wallet. Vertcoin is integrated into the Ledger Nano S hardware wallet and is likely to be integrated in the future with the new Trezor T hardware wallet model that's already on the market.
If you do not have a hardware wallet, we recommend using the Electrum VTC version. The above is all you need to start mining. If you want to fine-tune performance, noise, waste-heat, and power consumption, we recommend installing MSI Afterburner.
You can adjust the core of the graphics card, memory, and especially the power limit and fan speeds. This will significantly affect the ROI return on investment indicator. To understand the context, we recommend that you familiarise yourself with the How to mine cryptocurrency with Simplemining. Follow the link to the article and see how to set up the Vertcoin mining program with the mining rig of six GTX If you already understand the basics of Simplemining, you will be interested in one thing - which miner to use and how to set it up.
For Vertcoin mining, whether via Windows or Linux Simplemining , you need to use ccminer in the modified version of Tupruvot. In our case, you can find Simplemining Version 2. Since ccminer knows more algorithms, the miner needs to be set up which one of these to work with. Choose the "-a lyra2v2" command, which is shown below. Then just specify the TCP address of the mining field and the appropriate port including the worker mining rig. Let's take a look at the Miningpoolhub for Vertcoin.
After signing up for the Miningpoolhub, you need to set up a worker, which consists of your login to the pool, the suffix of the worker itself and a simple password. The password is only for connecting to the pool; it is not a serious safety factor. Our top overclocker Michal Mikle uses a simple "x," for his password. For example, when selecting "elkimek" as the login and naming the rig "NV", the worker name is "elkimek. NV -p x". To see if it works properly, verify it with the Simplemining.
Michal Mikle uses MobaXterm. SMOS is logged in by default using the username "miner" and password: "miner. As shown in the picture above, one overclocked GTX gives approximately Find out more at the Bitcointalk forum. When mining with this card, I draw about 1. At this point, you have not only paid for the graphics card and the electricity bill, but also for the 4K ultra-gaming machine with two high-end slots and several monitors.
Obviously, to some extent, this is speculation, but it seems like a very real scenario t o me. And what about you? Are you still letting your machine sleep while you're away?
Michal Mikle. I'm an overclocker and enthusiast Bitcoiner. With computer hardware, any unused performance won't keep me calm. If there is the possibility of squeezing another drop of power from the hardware, I won't miss it. I love the adrenaline and pushing the limits, of the components and myself. This activity is rich with choices, but I mainly use liquid nitrogen and phase-change methods.
I also set up a service to optimise Intel processors, delid. Outside the digital world I'm interested in permaculture and other low time preference systems. Vertcoin is a copy of Litecoin's blueprint: the total number of coins will be 84 million in blocks of 1MB mined at an average interval of 2. Like litecoin, vertcoin has been using SegWit in From the investor's point of view, it is necessary to expect a higher inflation rate in the following years but in the past, most inflationary cryptos have been overtaken by the price increase resulting from growing speculative demand.
Since October , Vertcoin has been supported by the Ledger hardware wallet - it is therefore possible to store your currency with the same level of security as the coins from the top of the cryptographic list, such as Bitcoin , Ethereum or Litecoin. There is also an official desktop wallet and full-featured node Vertcoin Core where you can download the whole blockchain currently 3.
Gert-Jaap Glasbergen has been working in the software engineering field since , and he has been actively involved in cryptocurrency transactions since He recently joined the Vertcoin development team. In January , the network has over active nodes running a full-fledged Vertcoin Core client.
Vertcoin, like all the serious cryptographic projects, is an open source with its own GitHub repository. Interestingly, the founder of Litecoin Charlie Lee is a graduate of the same university. Perhaps that's why Vertcoin is the only one mentioned in the Litecoin roadmap in connection with the development of the Lightning network and Atomic swap P2P exchange of coins between two block-chains.
And this is not the only case: Loshan, who worked on Loafwallet for Litecoin, confirmed cooperation on an iOS wallet for Vertcoin. It is noteworthy to point out developers in the top 10 cryptos are fully supporting Vertcoin and working to elevate it to a top-tier crypto. This brings us to the Vertcoin development plan The Roadmap. On Trello , this plan is continuously updated, and everyone can see what developers are currently working on and what they plan to do in the future.
According to the Roadmap, we should expect Vertcoin to implement Stealth Address Technologies, which will provide users with more privacy in transactions. In the future, there are plans to implement Trezor hardware wallets currently only Vertcoin is supported by the competitive Ledger and listing more cryptographic stock exchanges. The two most anticipated events this summer are at Vertcoin's launch of the US Vertbase exchange office and the implementation of payment channels on the Lightning Network.
Vertbase has the ambition to become one of the main gates connecting the world of electronic money and cryptocurrencies. The Vertbase exchange office will be operated from the United States and will target primarily US clientele. The successful launch of Vertbase would be very positive for the development of the Vertcoin users. Vertcoin currently cannot be purchased directly under the fiat currency and must be acquired using Bitcoin. The highest liquidity i.
James has been involved with programming in various forms since he was 10 years old. Currently, he is the chief developer of Vertcoin, as well as a researcher at the MIT Digital Currency Initiative, where he is working to implement a decentralised monetary policy. In the course of this year, the testing and deployment of Lightning Network LN based applications, i.
Although LN was primarily created as a bitcoin scaling solution, it can be deployed on other coins - especially those that are bitcoin clones, making them compatible with bitcoin solutions. These coins have already been activated for a long time by SegWit, which is a prerequisite for deploying LN. The Lightning Network provides the possibility to virtually integrate coins across multiple blockchains allowing for a free exchange of cryptocurrencies.
A prerequisite for fulfilling Lightning Network's aspirations of exchanging multiple cryptocurrencies relies on sufficient liquidity for P2P atomic swaps. It is also possible to deploy untapped technologies, such as the recently-proposed channel factories - Bitcoin will hopefully become the dominant cryptom that will not need other coins.
All cryptocurrencies are volatile entities, and Vertcoin is no different. It can fluctuate often, which is expected of exchange rates. You can see the real-time rates in the interactive chart below.
For full awareness of the development of Vertcoin, we recommend visiting the following communication channels:.
A Failed Hack: Hackers Attempted ‘51% Attack’ on Vertcoin
Just acces the generator, add your wallet address and select the amount of bitcoin wanted. Download Here you can claim 24 satoshi every 5 minutes. The problem is, with current difficulty only ASIC miners are energy efficient to mine bitcoins. This online software is free, and is here to improve the process of mining and the profitability of the BTC The miners get the work delivered by the software and further complete the work and give the information to the software. With our bitcoin generator hack online, you will learn many hacks which you can use while mining bitcoin and also make your friends jealous of you. What are bitcoin miners really solving?
Vertcoin Suffers its Second 51% Attack in 12 Months
This is the second time the ASIC resistant Vertcoin chain was ambushed, as the network suffered a block reorg a year ago. The situation invoked VTC developers to change its proof-of-work algorithm to another algorithm called Lyra2rev3. We note that blocks is the current confirmation requirement for VTC on Bittrex. Each of the double-spent outputs are coinbase outputs owned by the attacker and it is unknown to whom the coins were originally sent before being swept to an attacker address after the reorg. The company sells hashpower to individuals and acts as a hashpower broker marketplace that connects sellers and miners. Resisting mining centralization has been a huge concern for a variety of blockchains and the Monero XMR network has had its share of grievances as well. A large portion of the BTG double spends from the attack was stolen from Bittrex, eventually causing the U. But after the attack, the rental price subsided, Lovejoy stressed, returning to the baseline market equilibrium. What do you think about Vertcoin getting attacked again?
Vertcoinwallet
As it turns out, the cryptocurrency vertcoin has become the target of a so-called 51 percent attack. Currently, the developers are trying to repair the damage by reorganizing the blockchain and other security measures. For cryptocurrencies, all transactions are encrypted and stored in a blockchain. This consists of individual blocks, which summarize the transactions of a certain period. A finalized block can not be adjusted afterwards.
Vertcoin 51% Attack ‘Motive Uncertain’ as Hackers Lose up to $4,000
Vertcoin memes collection and serious stuff related to the cryptocurrency VTC. You could mine Vertcoin at home using your computer, the way Bitcoin was meant to be. History of Vertcoin January 4 Vertcoin. Sources — Bitcointalk. There is no premine except three, normal blocks done to test the network coins.
Kryptowährung zahlungsmittel
Description of the event: Cocos-BCX has verified with the exchange, conducted internal investigations and concluded that asset loss and malicious selling that occurred are due to the malicious theft of the mapping wallet information. After verifying and confirming with the exchange, the total amount of stolen tokens this time was 1,,, Amount of loss: 1,,, Description of the event: The well-known public chain NULS was attacked by hackers, and 2 million tokens in the team account were stolen. The SlowMist security team found that the cause of the attack was a vulnerability in the NULS transaction signature verification algorithm. Then some tokens were thrown to the market. After the attack, the government urgently investigated the problem, carried out problem fixes and code testing, and then released a new version of the program, and scheduled a hard fork at a height of approximately noon on December 25, Beijing time to freeze other tokens that did not enter the market. SlowMist reminds the relevant operators of NULS nodes to upgrade the nodes in time to avoid further expansion of attacks.
Vertcoin: Everything you ever wanted to know
Essentially, an attacker secretly forks a blockchain and then starts mining their own secret chain. When the time is right, the attacker can reveal their secret chain. And because it's longer than the old-real blockchain, it automatically becomes the new-real one.
Vertcoin suffers another 51% attack
RELATED VIDEO: VERTCOIN ПОДВЕРГСЯ АТАКЕ 51, ПОТЕРИ УЖЕ ПРЕВЫСИЛИ $100'000By CoinDesk. Yesterday , Vertcoin suffered its second 51 percent attack in a year. Back to All Research. Why it matters: Vertcoin is one of many coins optimizing for ASIC resistance in pursuit of keeping mining accessible to average people.
Secure your Vertcoin assets with the most trusted hardware wallet. Cold storage wallets are typically encrypted devices that store users' Vertcoin assets offline, providing a layer of security against the evolving threats emerging from being connected to the Internet. Secure multiple assets, including Vertcoin, using a Ledger Hardware Wallet. Your private keys, giving access to your assets, remain safe in a certified secure chip. Protect your Vertcoin assets with the first and only independently-certified Vertcoin wallet on the market. Directly manage your Vertcoin with Ledger Live, our own desktop and mobile application. Vertcoin is a GPU-mining oriented cryptocurrency that is a hard fork of Bitcoin.
This was combined with workers connected to Nicehash's stratum server being sent work for unknown non-public Vertcoin blocks. I contacted Bittrex, Vertcoin's most prominent exchange, to recommend they disable the Vertcoin wallet on their platform once it became clear an attack was in progress, which they subsequently did. We note that blocks is the current confirmation requirement for VTC on Bittrex.
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