Vertcoin – A new PoW algorithm for an ASIC free future Whitepaper

Vertcoin -  A new PoW algorithm for an ASIC free future Whitepaper

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We present “Lyra2RE” (RE – Reduced Efficiency), a NIST5 based chained algorithm with customizable parameters useful for thwarting future ASIC (Application Specific Integrated Circuit) threats. Vertcoin set out back in January 2014 with the express purpose of decentralization and ASIC resistance and almost a year on the dream is still alive.