Verge Price

What is Verge?

Verge (XVG) is an open-source cryptocurrency created in 2014 that focuses on privacy and anonymity for its users. It was originally called DogeCoinDark when it first launched, but rebranded to Verge Currency in 2016. The currency was designed to enable individuals and businesses to keep their financial activities private, while still being able to transact with other parties.

Verge uses multiple anonymity-centric networks such as Tor and I2P. The IP addresses of the users are fully obfuscated and the transactions are completely untraceable. It also has a built-in Wraith Protocol which allows users to switch between public and private ledgers on the fly, giving them the ability to choose whether they want their balance and transactions visible on the public ledger or not.

The Verge blockchain is powered by Simple Payment Verification (SPV) technology which makes it possible for users to send and receive payments almost instantly with very low transaction fees. This makes it ideal for everyday purchases such as buying coffee or groceries.

Verge also offers a wide range of wallet options including desktop wallets, mobile wallets, paper wallets, web wallets, hardware wallets, etc., so that users can store their XVG coins securely. In addition, Verge has recently partnered with TokenPay which will allow users to use their XVG coins for real world purchases at various merchants around the world.

Overall, Verge provides a secure and anonymous way for people to transact online without having to worry about their financial information being exposed or tracked. With its low transaction fees and fast transaction times it is becoming increasingly popular among cryptocurrency enthusiasts.