The Verge (XVG) cryptocurrency project provides privacy solutions for digital currency enthusiasts. It came to fame back in Q1 of 2018 when the blockchain start-up partnered with popular adult site ‘PornHub’.
XVG network is built in a user friendly manner with a flexible, fast & an ecosystem with complete privacy/anonymity. Over time, this top 50 market cap crypto project has acquired a large community & several partners owing to the coin’s technical prospects & fundamental value!
Verge offers cost-efficient crypto services with its blockchain & XVG powered ecosystem. Network participants can engage in P2P transactions leveraging the decentralized feature of XVG’s platform. Furthermore, Verge has proven its potential to offer an ecosystem that handles both small & large transactions with users having the option to hide their I.D.
Verge (XVG) Technical Competitive Edge
The Verge Ecosystem is built using Wraith protocol which allows network users to make crypto transactions privately. In addition, the platform has an update which protects XVG wallet users by removing them off a clearnet & links with Tor instead. Verge crypto community has continued to leverage this infrastructure design to protect their identity as is expected with private coins.
By integrating this protocol, Verge adds an extra layer which helps users secure their IP addresses & leverage stealth addressing in normal operations within the XVG blockchain. Basically, Verge’s anonymity feature is powered by the Wraith protocol which also secures the ecosystem from coin hackers or other crypto-affiliated attacks.
When it comes to mining XVG altcoins, the Verge team implemented a Proof-of-Work consensus while adding multi-algorithm support. The XVG crypto coin falls amongst a few digital assets that have this feature.
The company ownership is not private but facilitated by funds from the pre-mined XVG crypto assets. Its blockchain is built on 5 hash functions; blake2s, myr-groestl, Lyra2rev2, X17 & Scrypt allowing for an all-oriented client approach.
Finally, the network integrates The Onion Router (TOR); this is the product that enables private transactions through IP obfuscation. Therefore, Verge network is able to maintain an anonymous P2P communication for layers within its blockchain network.
Tor has been integrated with the Verge wallets that eliminate the probability of being tracked after P2P transactions. This approach has prevented hackers from intercepting information from the private XVG crypto coin operations.
Verge’s (XVG) Value Addition in Crypto & Blockchain
Just like other blockchain networks, Verge has an immutable property. This has since eliminated chargeback related malpractices within several money & data recording systems. XVG has brought the full crypto experience to its users given its availability & network efficiency. Unlike the current system where people rely on financial institutions, XVG is fully decentralized reducing the transaction time to seconds.
XVG coin traders can convert their tokens to fiat as soon as the funds have been made available in their wallets. Simply put, one can close their trading books on a daily basis with fiat money or crypto depending on their preference or business needs.
The cryptocurrency is without doubt less costly than making payments with a debit or credit card. While normal charge fees for such are between 2-4%, XVG charges only 0.1 $XVG while the price for a single altcoin stands at $0.0155 right now. Transacting with XVG coins would then save a person over 90% of the charge fees they incur when using financial institutions instead. For merchants, this would make more economic sense when they utilize the economies of scale principle by transacting large volumes.