The Merits of Monero: Why Monero vs Bitcoin

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We've all heard of Bitcoin how it came to existence. It was first introduce to us by Satoshi Nakamoto. Bitcoin proved its existence that cryptocurrency can change our lifestyle of how we use our assets, a digital currency was created. And every now and then more and more cryptocurrency flooded the market proving bitcoin successor people are already tired of government and banks controlling the fiat system. But what we didn't notice is how Bitcoin develops a community at the same time destroys other community.

Don't get me wrong, I like Bitcoin if one things for sure cryptocurrency will one day change my life. I'm pointing out that not all bitcoin successor can go unscathed. For example, Bitcoin helps other with the use of mining but at what cost? The mining of Bitcoin spread world wide variety of mining devices flood the market, and so as GPU mining. Bitcoin mining wastes vast amount of energy.

Bitcoin had proved enough and like Energy Resource, like a coal power plant, we need to find new solutions to make our community a better place. With so many alt coins out there, I know it's difficult for one to choose which one can help you grow and at the same time can help the community and economy of one country grow.

I don't know if all of us shares the same principles but for me, I am choosing Bitshares. In my recent post I've discuss how Bitshares can change ones economy through payment system like malls and bills. And for investors bitcoin successor marketers this is the right coin for you with it's own Bitcoin successor Excange you bitcoin successor never worry about converting your Bitshares to other crypto using your own wallet.

For those of you are still using Centralized Exchanges like Bittrex bitcoin successor this. Minnowbooster's got your back! To call OriginalWorkssimply reply to bitcoin successor post with originalworks or! Bitcoin Needs a New Successor. Bitcoin is like power generator that brought us light leading to new brighter technologies.

Bitcoin had released us from bank institutions. Freed us from our government policies that controls our lifestyle. Click Here I preferred Bitshares because of it's speed and can the volume of transactions it can handle. Again this is Nem Dayao. Have a nice day! I'm currently accepting any donations. Any help would be bitcoin successor appreciated. Upvote Follow and Resteem Thanks. Authors get paid when people like you upvote their bitcoin successor. To receive an upvote send 0.

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Vertcoin VTC [2] is a peer-to-peer cryptocurrency and software project. The main difference between Bitcoin and Vertcoin is the latter's resistance to centralized mining and the long term promise of Vertcoin developers to keep it that way. Vertcoin has already forked two times to a new PoW function because of a veritable threat of centralized mining.

Vertcoin was released via a client on GitHub on January 8, By taking the foundations of Bitcoin and making some adjustments, Vertcoin punishes miners who use powerful machines and work together in 'pools' to monopolise the mining market. On July 1, , Vertcoin released a wallet supporting Stealth Address transactions. SegWit update includes the Lightning Network technology that was also demonstrated in action during the same day.

On December 12, block , Vertcoin reward per block was automatically cut in half from 50 to 25 Vertcoins as scheduled by the original protocol. Vertcoin is an alternative version of Bitcoin using Lyra2REv2 as a proof-of-work algorithm. Payments in the Vertcoin network are made to addresses , which are based on digital signatures.

They are strings of 33 numbers and letters which always begin with the letter V. In , the algorithm was modified by Vertcoin developers to favor GPU miners because of a single assumingly CPU based botnet controlling a majority of the network's hash power. The current version Lyra2REv2 of the algorithm consists of the following hash functions: Cryptocurrencies have the ability to merge mine with another cryptocurrency, meaning a miner is able to mine for more than one blockchain at the same time.

The benefit is that every "hash" that a miner submits contributes to the total hash rate of both currencies, and as a result, they both become more secure. There is at least one active cryptocurrency, Unitus UIS , that is currently merge-mineable with Vertcoin. From Wikipedia, the free encyclopedia. Valuation Supply growth 25 Vertcoins per block approximately every 2. Vertcoin via Bitcoin Forum post. Hard Fork at Block ".

The soaring cryptocurrency set to surpass Bitcoin". Ethereum Ethereum Classic KodakCoin. Dogecoin Gulden Litecoin PotCoin. Dash Decred Primecoin Auroracoin. Proof-of-authority Proof-of-space Proof-of-stake Proof-of-work system. Anonymous Internet banking Bitcoin network Complementary currency Crypto-anarchism Cryptocurrency exchange Digital currency Double-spending Electronic money Initial coin offering Airdrop Virtual currency. Cryptography portal Economics portal Free software portal Internet portal Numismatics portal.

Retrieved from " https: Tagged pages containing blacklisted links Official website different in Wikidata and Wikipedia. Views Read Edit View history. This page was last edited on 6 May , at By using this site, you agree to the Terms of Use and Privacy Policy.

The Vertcoin peer-to-peer network regulates and distributes through consensus in protocol.