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

Play2Live Opens the Main Token Sale with Release of the MVP 2.0

February 21st, 2018|0 Comments

Alexey Burdyko, CEO of Play2Live, opens the token sale event with a Q&A live stream on the updated P2L platform on February 21st, 17:00 UTC, answering product and sale related questions. February 21st, Malta — [...]

  • Donald Trump Bitcoin Donald Trump cryptocurrency White House cryptocurrency

Bitcoin Regulation Is Not in the Cards Yet, Says White House Official

February 21st, 2018|0 Comments

With recent developments on cryptocurrency trading regulations from countries such as South Korea, the cryptocurrency community is on edge for similar updates that might come from other markets. One such region is the U.S., where [...]

Bodog Billionaire Building $100 Million Bitcoin Cash Resort

February 21st, 2018|0 Comments

Calvin Ayre, the mind behind one of the world’s most famous online gambling sites, Bodog, recently announced the development of a $100 million resort in Antigua and Barbuda – the sovereign state where he currently [...]

  • What is Neo NEO price antshares What is GAS gas price where to buy gas

eToro Adds NEO to Its List of Cryptocurrencies

February 21st, 2018|0 Comments

In today’s day and age of fast-paced cryptocurrency trading, any update that makes life easier for the everyday user and trader is welcomed. That is why, the recent announcement by eToro about adding NEO to [...]