Verge (XVG) cryptocurrency was created in 2014 under the original name DogeCoinDark. The developers took Bitcoin source code as a basis and improved it in terms of confidentiality by introducing the most effective elements of advanced technologies. It is impossible not to note the critical aspect that was present at the launch: the creators of Vege positioned the project as a confidential coin, combining the features of Dogecoin and DASH.
The primary purpose of the Verge blockchain is to make crypto assets between people and businesses convenient for everyday use. In this case, great emphasis is placed on the security and anonymity of transactions using XVG coins, so that transfers cannot be traced. This ensures the confidentiality of personal data. The speed of transactions also achieves ease of use Verge (XVG).
Verge Features
Verge (XVG) supports Proof of Work, and encryption algorithms: Scrypt, X17, Lyra2rev2, myr-groestl, and blake2s, which help to work with various settings for intellectual analysis.
Peculiarities:
- Complete anonymity and focus on client privacy
Verge uses anonymous networks such as TOR and i2P. IP addresses of users are hidden, that is why transactions cannot be traced.
- An active development team and many contributors
The development team is ready to collaborate with community members. Anyone can write and offer their ideas.
- Community support
Verge is not a private company that exists for pre-mining of coins or funds raised by ICO (Initial Coin Offering). The team’s pillar is its international community.
- Readiness for mass implementation
Verge provides a wide selection of secure wallets for multiple operating systems (OS). Revolutionary TOR Android wallet provides complete anonymity when used on mobile devices.
- Fast transaction speed
Verge transaction speed is much faster than most coins. The Simple Payments Verification (SPV) technology reduces transaction time to 5 seconds.
- Decentralization and open source protocol
Verge is a decentralized currency that is built on an open source platform. This is an independent project and is not under the control of state bodies or investors.
If you follow the rate of XVG to the US dollar, it is clear that after the appearance in 2016, its value was $0.000053. Over the year, the course fell by more than 2.5 times, and by the beginning of 2017, it was $0.00002. But 2017 was very successful.
The historical maximum of the pair XVG/USD was set on December 23, 2017, when Verge reached $0.3 per coin. After that, XVG went to a lingering peak, like the entire cryptocurrency market in 2018. A convincing attempt to grow in 2018 came in April when news leaked that XVG would cooperate with PornHub, Brazzers, and Nutaku studio, which creates games for adults.
Verge Takeaways
The XVG coin was recognized when there were problems with the scalability of the Bitcoin and Ethereum blockchains. The team is preparing the system for large-scale integration, the first step to which was the entrance of the international market with huge capital and prospects thanks to the cooperation with PornHub.
Fast transactions with a minimum commission have become an excellent alternative to the most popular cryptocurrencies. Also, the Verge blockchain allows transferring money while keeping personal user data. This anonymity has a positive effect on the popularization of the asset due to the desire of some states to regulate the cryptocurrency market. But, for the successful implementation of the Verge project and its coin XVG, it is necessary to solve the existing problems with bugs and small scalability in the shortest time possible.
Verge (XVG) Wallet – Atomic Wallet
Regarding wallets supporting XVG, you can find any you like, for Windows, Mac OS and Windows as well. However, if you want not to keep the only Verge on your balance one needs to get attention to another wallet. One of such solutions is Atomic Wallet.
Atomic Wallet is a universal multi-asset wallet, secured, decentralized and completely anonymous. Using the wallet, you can manage Verge (XVG), Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Stellar (XLM) and more than 300 other coins and tokens.
Read the full complete guide here.
