Vertcoin VTC to NULS NULS Exchange

Crypto Pair Details: VTC to NULS

Vertcoin VTC

Vertcoin is a decentralized currency owned by its users, a P2P cryptocurrency in the same vein as Bitcoin and Litecoin. Like its two predecessors, Vertcoin exists solely as a currency, and it uses proof of work to reach distributed consensus. Unlike its two predecessors, however, Vertcoin is dedicated to keeping its mining functions decentralized, so contrary to most PoW coins, it’s ASIC resistant. Branding their project as “The people’s coin,” Vertcoin’s team believes that ASIC resistance invites a fairer, more democratized currency for both users and miners. Along these lines, Vertcoin sports its very own 1-click miner, a program meant to make mining more accessible to the general public. The motivation of Vertcoin was the fact that Scrypt-based ASIC mining chip that is used to mine Scrypt derivative coins such as Litecoin and Dogecoin is entering the mass market. That coupled with strong mining pool causes the strength of a cryptocoin to drop as it becomes easier for a specific party to pull a 51% attack and even monopolize the network. Scrypt-Adaptive-Nfactor was created to address that issue. Vertcoin is zero premined and as of the current design, only 84 million coins would ever be created. Vertcoin is said to be the next generation of coins due to its unique hashing algorithm. There may be more altcoins created based on this hashing algorithm in order to defend their network against ASIC miners. Like most all pre-2015 coins, Vertcoin took a deathblow after Mt. Gox was hacked, throwing the entire market into a crypto winter. As such, it was relatively inactive until the revival last spring/summer. Since then, it has had steady climb up the market cap ladder. A 2014 International Business Times article mentions Vertcoin as a potential Bitcoin successor. The article notes that it ''hopes to offer an alternative. 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, 2014, Vertcoin released a wallet supporting Stealth Address transactions. On December 13, 2014 (block 208301), Vertcoin forked from Scrypt-Adaptive-N proof-of-work function to Lyra2RE as a proactive defense against emerging Scrypt-Adaptive-N capable ASICs. On August 10, 2015 (block 347000), Vertcoin forked from Lyra2RE to Lyra2REv2 because a botnet was controlling more than 50% of the hashing power of Vertcoin network. On May 7, 2017, Segregated Witness (SegWit) feature was activated in the main network. SegWit update includes the Lightning Network technology that was also demonstrated in action during the same day.'

NULS NULS

Nuls (NULS) is a Singaporean based project is trying to develop a highly adaptable blockchain that can be used for enterprise solutions. They have regularly used the phrase “Nuls is nothing, Nuls is everything”. In other words, Nuls is not traditionally defined and can be melded into anything that the community sees fit. Nuls is looking to solve the problems faced by blockchains by creating one that features modularity and sub-chain operability. The two part design of functional modules and microkernels will provide both an underlying network mechanism and compartmentalized features for the blockchain.Essentially this should provide scalability and security to the blockchain, while adhering to the programming practices of low coupling and high cohesion. And because the blockchain is designed to be modular, it becomes hot pluggable, allowing for the addition or removal of modules at any time. There are several blockchain problems inhibiting growth and development of the industry that have been identified by the Nuls team. One such issue is the cost of development. Because there is a shortage of blockchain proficient developers, those with skills can command higher salaries.This is simply demand exceeding supply and will eventually level out as more IT professionals learn blockchain skills. That’s when businesses will see greater adoption of the technology, and only the most trustworthy blockchains will be of interest. Nuls is working to make trustworthy solutions to business problems. Nuls is primarily focused on making blockchain more accessible for developers and businesses. It seeks to do this through its modularity and the use of sub-chains, and hopes to break the complexity associated with blockchain projects, while also solving the scalability issue that is hindering the growth of the industry. Nuls will make trust simpler, increasing the adoption rate of blockchain technology by businesses. They will also lower the cost of entry by removing complexity and increasing the supply of developers capable of programming blockchain applications. Taken all together, the Nuls ecosystem will benefit developers, businesses, and cryptocurrency enthusiasts by providing needed solutions and increasing usage and adoption of blockchain technology. Check out CoinBureau for the full review of Nuls.

SOURCE: COINGECKO

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