We have briefly touched upon VertCoin a few weeks ago, but it seems that this coin may have been more amazing than any of us gave it credit for.
VertCoin is a Scrypt coin, but with an interesting twist, called “adaptive N-Factor”. The N-Factor of Scrypt determines how much memory is required to perform your mining tasks.
One of the reasons why this “twist” has been implemented, is to combat any form of ASIC development for Scrypt, which we all hope is coming at some point.
The reason why we’re focusing on VertCoin is right now, is because of the amazing value increase over the past few days.
Earlier this week, VertCoin was hovering around the 900-1,000 Satoshi mark, the price has suddenly shot up to 0.005 BitCoin each. That’s a 500% increase!
This is also in part due to the “adaptive N-Factor”, because, as this factor keeps going up ,it makes mining rewards drop significantly over time.
If this rate keeps up, VertCoin is well on its way to overtake Litecoin’s price, which is currently around 0.027 Bitcoin.