Verge 2018-02-07T20:12:31+00:00

What is Verge where to buy Verge Verge price

What Is Verge?

Verge is a privacy coin. Privacy is a very important aspect of the cryptocurrency sector, at least for a
lot of the people that use cryptocurrencies, and the privacy is prized but not always given. When a
privacy coin comes out, people pay attention.

Technology

Verge runs on proof of work, which is the same algorithm that is run on the networks of Bitcoin
and Ethereum. Yet, there is a difference, the proof of work algorithm on Verge runs on five
different algorithms.

The Potential Benefits

The team at Verge states that it only takes (.1) verge to send a transaction, which means that, if one
is seeking to send any amount of currency across the world, it would cost a very minimal amount.
This low cost could make verge an interesting use case.
In regards to speed and transaction time, transaction time is only about five to ten seconds.
The network can support about a hundred transactions per second and they are planning on
implementing RootStock soon which would take their transaction level to two thousand per second.

Stealth Addresses

As a privacy coin, they have stealth addresses. With Stealth addresses, a different encryption
algorithm is used thus encrypting the addresses and how it appears on the blockchain. Only the
sender is able to know who sent the transaction and the receiver would know who received it. Thus,
even though it’s all taking place on a public ledger only those involved in the transaction truly know,
to a certain extent, who was involved.
Furthermore, in regards to privacy, the coin, wants to give total anonymity and privacy to all users.
The digital asset seeks to do this through tapping into complex blockchain technologies while
building on top of existing services that cater to anonymity like Tor and I2P. Tapping into these
services that blur your data, internet protocol address and your location allow it to add on top of
what is already present. The future implementation of Rootstock, will not only allow for increased
transactions, it will also allow for anonymous private transactions via the concepts of smart
contracts. These aspects would make the coin unique.

Interesting aspects of Verge

Verge is interesting because they have a fairly large supply, there are 16.5 Billion coins, thus creating
a large market capitalization instantly.

Where To Buy?

Purchase XVG on these exchanges.
Bittrex
Binance
Cryptopia
HitBTC
YoBit

More Information & Resources

Verge (XVG) Live Price:

Recent cryptocurrency news

  • Mastercard May Be About To Enable Bitcoin Transactions

Mastercard May Be About To Enable Bitcoin Transactions

July 18th, 2018|0 Comments

Bitcoin and cryptocurrencies has gained unprecedented media attention since being launched in 2009. Many have debated as to whether or not bitcoin will make into mainstream markets, and many have argued that bitcoin needs to [...]

  • Binance first year profits 500 million usd revealed!

Binance Officially Made Over $500 Million Profit In Their First Year Of Trading!

July 17th, 2018|0 Comments

The Binance cryptocurrency exchange has now been live for 12 months. They launched almost exactly a year ago in July 2017 and it's been quite the year. They've become the global leaders in cryptocurrency exchanges [...]

  • binance coin burn dates

Binance Announce Latest Coin Burn | Upcoming Binance Coin Burn Dates | Past Burn Amounts

July 17th, 2018|2 Comments

BINANCE ANNOUNCE LATEST COIN BURN. Since their launch on 14th July 2017, Binance has grown into one of, if not the fastest ever growing company on earth. In an effort to make their coins more [...]

  • World’s Largest Asset Manager BlackRock Looks Into Cryptocurrency, Bitcoin up by 4%

World’s Largest Asset Manager BlackRock Looks Into Cryptocurrency, Bitcoin up by 4%

July 16th, 2018|0 Comments

BlackRock often deemed the worlds largest 'shadow bank' has caused a surge in the cryptocurrency markets after a report in the  Financial News London on Monday cited sources claiming the investment giants are looking into cryptocurrencies [...]