Vertcoin
VTC
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Vertcoin (VTC) is an open-source, ASIC-resistant proof-of-work cryptocurrency launched in 2014 utilizing the Verthash algorithm. The project displays fair-launch tokenomics with a fixed 84M supply cap and no insider allocations (6.0/10). However, development has slowed significantly into minimal maintenance, with the core client lagging upstream Bitcoin Core updates and release activity largely inactive since late 2023 (2.5/10). In the market, Vertcoin faces severe liquidity and adoption constraints, operating as a micro-cap asset with sub-$10K daily volume and an unrecovered ~99.5% drawdown from its all-time high (2.5/10). Governance relies on decentralized, informal community coordination without formal accountability structures or full-time leadership (4.5/10). Security history is burdened by repeated 51% consensus attacks in December 2018 (~$100K loss) and December 2019, reflecting structural hashrate vulnerabilities, although the chain remains operational with no active legal actions or recent exploits (3.0/10). A data gap was noted in Community Support (-1.0), as retrieved sources yielded unrelated project records, and its weight was redistributed across the remaining sections. No qualifying red-flag cap was triggered under the 24-month/materiality rules, leading to a mathematically derived overall score of 3.8.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Vertcoin (VTC)
Vertcoin (VTC) is an open-source, Proof-of-Work Layer-1 cryptocurrency launched in January 2014. Designed as a peer-to-peer digital currency and medium of exchange, Vertcoin utilizes the Verthash hashing algorithm to maintain ASIC-resistant, GPU-based mining. The network operates with a 2.5-minute block target, block reward halvings every four years, and a fixed maximum supply cap of 84,000,000 VTC distributed via a fair launch without pre-mines or insider allocations.
The project functions without a formal foundation, corporate entity, or centralized leadership, relying instead on volunteer contributors and informal community coordination across GitHub and Reddit. Development activity has slowed significantly, with the core client experiencing upstream synchronization lag relative to Bitcoin Core and the last tagged release occurring in October 2023. Vertcoin operates as a micro-cap cryptocurrency with daily trading volumes typically under $10,000.
Vertcoin has experienced significant security incidents related to its consensus mechanism. The network suffered a successful 51% attack in December 2018 resulting in approximately $100,000 in double-spend losses, followed by another series of 51% attack events in December 2019 that targeted exchange deposits. In addition to these structural hashrate vulnerabilities and an absence of third-party security audits, the asset has experienced an unrecovered price decline of approximately 99.5% from its 2017 all-time high.