What is Verge?

Verge (XVG), like Bitcoin and other cryptocurrencies, focuses on decentralization, immutability, globality, and speed. Unlike other cryptos, however, Verge was created with privacy as its primary goal, using a wholly unique architecture to deliver complete freedom from interference.

Apart from integrating both i2p and Tor anonymity architectures, Verge also delivers muti-algorithmic mining support that makes it possible for miners that use a wide range of hardware to participate in mining and network maintenance.

Verge Quick Summary:
  • Privacy-focused cryptocurrency
  • Extremely high TPS rate – up to 2,000 tx per second after RSK technology implementation
  • Total supply of 16.5 billion XVG 
  • 100% open-source software
  • Multi-algorithm support that enables equal access to mining opportunities regardless of one’s hardware   

Key Features
Verge is primarily focused on making cryptocurrency transactions and ownership absolutely private. Importantly, Verge is not the product of a private company or an initial coin offering, but instead is the product of the combined efforts of thousands of community contributors.

Verge uses two different methods of identity obfuscation, which ensures that user identities are obscured at all times. Moreover, Verge has an Electrum wallet that can be used to transact via either i2p or Tor, delivering total anonymity.

The Verge network also allows users to switch between a private and a public ledger via the Wraith Protocol. Users such as merchants who prefer to use a public ledger for accounting purposes are able to do so, while users who desire complete anonymity can switch to a private ledger with a single click. This feature makes Verge the only truly untraceable cryptocurrency in existence. Verge is currently able to process between 5 and 10 transactions per second, and is currently outpacing Bitcoin in this regard.

Verge also offers a convenient Tor Wallet for Android, which features streamlined, simple, and intuitive wallet management and QR code payments. The Verge Android Wallet App Verge uses five different Proof of Work algorithms on its blockchain: Scrypt, X17, Lyra2rev2, myr-groestl, and blake2s. All of these algorithms have a target block time of 30 seconds, with a difficulty influenced by each algorithm’s hash rate. This broad spectrum of algorithms allows Verge to offer a high level of security as well as the ability for a wide range of individuals and devices to mine.

Lastly, Verge offers peer-to-peer platform integrated portals that make it possible to transfer Verge quickly and easily via Telegram, Discord, Twitter, and IRC.