Vertcoin VTC: Hard Fork
This pre-release contains the proposed upcoming #Vertcoin main network hard fork to the new #Lyra2REv3 mining algorithm at block 1080000 in order to rid the network of the current generation of Lyra2REv2 ASICs and FPGAs.
The cryptocurrency mainnet operates according to certain rules. To improve network performance or correct errors, it is periodically made changes. A hard fork is changes that are not compatible with previous versions of programs that support the cryptocurrency network and in order to continue to mine cryptocurrency, miners need to update the software.
In some situations, as a result of a hard fork, a completely new cryptocurrency may appear, as happened with Bitcoin Cash.