Privacy coins like Verge(XVG) have been gaining traction in the recent past. People are quickly looking past the stereotype that anonymous coins are used for money laundering and other illegal activities. Moreover, privacy coins are being embraced by many people because they make people feel secure and not on spotlight for leaving their transactions online for everybody to see.
In the Verge ecosystem,Privacy is the standard. Verge according to the website is “a secure and anonymous cryptocurrency.” Besides that, Verge was developed for normal daily use inorder to intertwine cryptocurrency and ordinary peoples’ lives. The Verge project aims to continually improve on the original blockchain while supporting a high capacity of transactions while at the same time bringing down the time needed for confirmation.
It is essential to note that the Verge project is holistically open source. Unlike many cryptos with foundations and organization in governance of the network, Verge is entirely community led. When we look back at the launch of the its black paper, the team at the time signed the document with their usernames. Verge is dedicated to fostering privacy, anonymity as well as decentralization.
“Verge uses multiple anonymity-centric networks such as TOR and I2P. The IP addresses of the users are fully obfuscated and transactions are completely untraceable.”
XVG official wallet,
The Verge Community
Since the project is entirely open-source. The community is the center of the Verge cryptocurrency. There is a dedicated development team that ensures that the project is kept up to date. Developers in the Verge ecosystem have close associations with the community.
Verge and Mass Adoption
Verge works on the foundation of having low transactions fees and fast transactions. The protocol supports high capacity transactions per second; a great ingredient for mass adoption.
Why Stock Up Your Verge (XVG) wallets
The cryptocurrency market has been in shambles since the year started. However, the recent declines were not only overpowering, they have paralyzed most assets in the industry. There is literally little room for bulls to breath as assets form new annual lows.
On the other hand, Verge has shown great resilience during the declines with an eagerness to perform better in the coming year. Amid the bear market, the Verge community has been soothed a few positive occurrences inclusion the listing on South Korea’s Bithumb exchange. In addition to that, XVG got added as a payment option to Living Room of Satoshi, one of Australia’s largest digital payment platform.
This adoption is a wave of hope to the community which is focused on seeing a recovery in the new year.The privacy nature of Verge also makes it attractive to investors who prefer to keep their activities out of the public scrutiny. Although the market might be drowning at the moment, technology is here to stay and Verge has a cutting edge technology ideas for the current and the future cryptocurrency sphere.
The Verge users need to stop panicking and focus on HODLing. The market will revamp the trend sooner or later and Verge will be back on track as a global leader in digital payments and even market value. A strong team is what a project needs to become successful and Verge has a dedicated development team that is capable to take the token and the network to the next level. Mass adoption and partnerships have become vital method of increasing the value of a token. The Verge has numerous partnerships and the future holds great things in this sector.
At the time of writing Verge is trading at $0.005776 following a 1.37% rise in the last 24 hours. The project has a market capitalization of $87 million and a 24-hour volume of $1 million. Verge is ranked 44th in the market as per the data on Blockmodo.