Cryptocurrency Verge (XVG) is a secure and anonymous cryptocurrency with a very strong focus on privacy. The Verge blockchain basically uses the Bitcoin protocol technology, but has also implemented technologies to improve safety and ensure anonymity. To this end, XVG uses different networks in which anonymity is central, such as TOR and i2p: IP addresses of users are thereby obfuscated and transactions can no longer be traced.
On this page we explain what the Verge cryptocurrency is and we provide wallet advice and information about buying or selling XVG. Are you interested in this, but do you first want to delve into what blockchain technology and / or cryptocurrency actually means? Then we advise you to read our introduction to cryptocurrency.
What is Verge (XVG)?
Verge is an open source decentralized financial system based on blockchain technology. Verge’s goal is to implement the Bitcoin concept in a way that focuses on the privacy of the users of the blockchain. The digital currency XVG has been around since 2014, but was then known as DogecoinDark. In 2016, the developers decided to rename the crypto currency to Verge so that the blockchain would be seen as a serious project.
Verge (XVG) describes itself as the most privacy-focused cryptocurrency. The blockchain uses different cryptographic algorithms such as Scrypt and x17 to offer a high level of safety while the XVG miners always have equal opportunities. The cryptocurrency supports the Simple Payment Verification (SPV) protocol so that transactions on the Verge blockchain can be confirmed super fast. However, this ease of use must not be at the expense of the safety and anonymity, which is guaranteed by the use of networks such as TOR and i2P.
The Verge cryptocurrency has not had a “premine”. This means that the Verge developers have not already received a share of all XVG in advance: they have had to buy these crypto coins themselves. The total amount of XVG limited to 16.5 billion, which after the first release of 9 billion Verge in 2014 is distributed annually per 1 billion XVG. In 2017 the developers released a number of important updates such as a new website and an XVG wallet which is a variant of the Electrum wallet.
Several large exchanges seem to be incorporating the cryptocurrency into their trading platform, which means that investing in Verge can be done by more people and the rate of the crypto currency is therefore likely to rise again. Although it does not always have to say something, it can help in this case that the new Verge Currency website is very well-arranged and available in different languages.
Since Verge their new white paper – which they call a black paper – the Verge course has been rising. As with other cryptocurrencies, it is of course never possible to say with certainty whether the value will rise or fall, but if the developers continue to continue in this professional manner then we certainly expect that the XVG course will continue to rise in the long term.
The Verge cryptocurrency can be stored in different types of cryptocurrency wallets. The developers of the XVG currency have themselves developed the Verge Electrum Wallet: a fork on the Electrum wallet code which has been specially developed to work quickly by, among other things, supporting the Simple Payment Verification (SPV) protocol. In this way, transactions on the Verge blockchain can be verified without having to download / synchronize the entire blockchain.
If you plan to invest in Verge so that you can trade in the XVG cryptocurrency, we recommend that you use Litebit. This is a Dutch-speaking trading platform on which you can buy and sell Verge and other cryptos, but you can also save them immediately.
Keep in mind that this is a good and reliable option if you plan to buy or sell in the relatively short term. However, if you want to keep the XVG crypto for a longer period of time or you want to exclude the risk that your online account will be hacked, it is smarter to use the Verge Electrum Wallet or the Verge Tor Wallet for Android.