Verge coin was released in 2014 under the name DogeCoin Dark, built from a fork of Peercoin, the name was meant as a gesture to the fun Doge community. As the project grew, the need to be more serious led it to a rebrand in 2016 as a crypto built by people for people.
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What Is Verge?
Verge coin was released in 2014 under the name DogeCoin Dark, built from a fork of Peercoin, the name was meant as a gesture to the fun Doge community. As the project, and community grew, the need to be more serious led it to a rebrand in 2016.
Justin Vendetta alias Sunerock started the project with a community of people in an IRC chat. At the time a miner, Sunerock wanted to create a currency that was built by people for people. It was started publicly by the early community without a pre-mine, an ICO or any built-in mechanism for funding. Their main source of funding is through voluntary donations to the verge community.
Some of XVG's key features:
- Optional levels of privacy: using I2P and Tor.
Hide your physical location from the outside world.
- Ultra fast transactions due to SPV, about 100 per second.
- Decentralized currency
Verge has been created on an open-source platform, which prevents it from being controlled by a central entity. The complete XVG source code is available on GitHub.
- Wide acceptance
Many companies, vendors, and sites have started accepting XVG coins as a form of payment. Over 350 vendors, 13 000 Korean ATMs, and it will be able to be used on the Mobile platform, everywhere NFC payments are accepted.
Additionally, Verge provides total obfuscation of the IP addresses involved, thanks to the more advanced version of TOR The Onion Router built into its wallet, making it the first to hide its users’ location in a mobile wallet. I2P is another example of the services integrated into XVG’s wallets that support the privacy and security of your transactions.
Pros and Cons of Verge
Advantages of using Verge crypto
In a quick comparison with Bitcoin, XVG’s advantages over the market-leading cryptocurrency soon become apparent. Since its inception, Bitcoin has been the most expensive currency in the digital universe. This fact distances the coin from the interest of millions of enthusiasts who cannot afford its purchase. Unlike Bitcoin, Verge, with its current price, is quite accessible to the pockets of most. Verge was created with the purpose of making transactions user friendly, quicker, easier, and with more privacy. Compared to the 10 minutes an operation can take for Bitcoin, the first confirmation can take up to 30 seconds (depending on where the blockchain is) but you will see confirmation within the first seconds. In terms of security, Verge provides robust privacy protection, while Bitcoin does not have the function of securing the IP addresses involved in transactions.
As a result, Verge is gaining momentum in the world of cryptocurrency, staying for many years, in the top 100. And, as a mineable currency, it is firmly entrenched in the top 20 coins.
Where to Buy Verge?
You can also get Verge on the SwapSpace cryptocurrency exchange aggregator, which is a quick and easy way to obtain the required amount of XVG.
Storing XVG: Best Verge Wallets
Verge’s official wallet, vergePay, has versions for both PC and mobile devices including iOS. In addition to Electrum and QT wallets, Coinomi is another alternative if you want to make transactions from your mobile phone. Similarly, there are others such as Verge Daemon Docker Image, Verge TOR Android Wallet, and Verge Raspberry Pi Source Code, Verge Paper Wallet.