Verge (XVG) is a decentralized digital currency designed for everyday payments. The project focuses on making blockchain transactions fast, efficient, and practical for both individuals and businesses. Unlike platforms primarily built for smart contracts and decentralized applications, Verge puts payments at the center of its ecosystem, while also offering users additional privacy features when they send and receive XVG.
Verge operates on a public blockchain, so transaction information remains available on the ledger. Its privacy approach focuses mainly on network-level privacy and optional recipient privacy rather than keeping transaction amounts private.
The project is open-source and community-driven. Verge was launched without an ICO or pre-mining, and its development is supported by contributors from around the world who work on the blockchain, wallets, and payment-related tools.
What is Verge and who created it?
Verge Currency launched on October 9, 2014, originally under the name DogeCoinDark. In 2016, the project adopted the Verge Currency name. According to the official Verge website, the project was created with the idea of improving on the original Bitcoin blockchain while keeping the focus on direct, everyday digital payments.
The founder of Verge is Justin Valo, better known online as Sunerok. Verge lists him as its Founder and Lead Software Engineer, with a background in network security and blockchain technology.
From the beginning, Verge has followed an open-source, community-driven model. There was no pre-mine, and the project's developers acquire XVG on the open market rather than receiving pre-mined coins.
The network's native cryptocurrency is XVG, also commonly referred to as the Verge coin or Verge crypto. The total supply is capped at 16.5 billion XVG, with the large supply designed to make the denomination practical for everyday payments.
What is XVG used for?
The main purpose of XVG is digital payments and transfers. You can send and receive Verge through compatible wallets, while businesses can integrate XVG into payment systems and applications.
Verge is built around the idea of making cryptocurrency useful in everyday situations. The project positions XVG as a way for individuals and businesses to send and receive payments globally, with an emphasis on transaction speed and low costs.
XVG can also be exchanged for other cryptocurrencies and, where supported, fiat currencies. The Verge ecosystem includes its own wallet software as well as payment-focused tools, including merchant integrations from MyCryptoCheckout and NOWPayments.
The project has also expanded beyond its original payment-focused use case. Recent developments include encrypted messaging in Verge Core v26.7, Verginals, an Ordinals-style inscription system, and Verge Runes, which allow you to create tokens on the Verge blockchain. The ecosystem also continues to receive wallet and developer-tool updates.
Key features of Verge
Several features make Verge different from a basic Bitcoin-style payment network.
Fast and low-cost transactions
Verge was designed with everyday payments in mind, so transaction speed and fees are important parts of the network. According to the official FAQ, the standard transaction fee is 0.1 XVG per kilobyte, with most transactions being smaller than 1 kB.
Transactions typically take around 5–10 seconds, depending on network conditions. The network targets a block time of approximately 30 seconds and can process around 100 transactions per second.
Multi-algorithm Proof of Work
Verge uses Proof of Work (PoW) to secure its blockchain. One of its distinctive features is support for five different hashing algorithms: Scrypt, X17, Lyra2rev2, myr-groestl, and Blake2s.
This multi-algorithm approach allows different types of mining hardware to participate in securing the network. Each algorithm has its own difficulty, which adjusts according to the hash rate of that particular algorithm.
Atomic swaps
Verge also supports atomic swaps, which allow compatible assets from different blockchains to be exchanged directly. The process relies on hash time-locked contracts, or HTLCs, when the participating blockchains support them.
In practice, atomic swaps can facilitate cross-chain exchanges without requiring a traditional intermediary to hold the assets during the swap. Verge's FAQ notes that this technology is used when trading XVG on decentralized exchanges.
Open-source development
Verge's development is fully open source, with its code published on GitHub under the Verge Currency organization. The project continues to release updates regularly. For example, Verge Core v26.8, released on August 31, 2026, included updates to Tor and OpenSSL as well as additional validation improvements.
What privacy features does Verge have?
Privacy is an important part of the Verge ecosystem, but it is useful to understand exactly how the project's approach works.
Verge operates on a public blockchain, similar to Bitcoin. This means that blockchain data, including transaction history and address balances, remains publicly accessible.
One of Verge's main privacy technologies is Tor integration. Tor is built into official Verge wallets and provides an additional layer of network privacy for wallet communications. In simple terms, it helps separate a user's network connection information from their blockchain activity.
Verge also supports Dual-Key Stealth Addressing. With this feature, a sender can generate a one-time destination address for a recipient. This means that payments can be received through separate addresses instead of repeatedly using the same publicly shared address.
Stealth addressing is optional and is only available when the recipient provides a compatible stealth address. The Verge Blackpaper describes the feature primarily as a way to provide additional privacy for recipients.
The Verge Blackpaper also discusses I2P as a network privacy technology. However, there is an important distinction between the historical documentation and the current implementation: Verge's current Key Tech page highlights Tor, and the official wallets include Tor support.
These features have specific limitations. Verge's documentation makes clear that stealth addresses primarily address recipient privacy. They do not provide comprehensive privacy for every part of a transaction. Transaction amounts remain visible on the public blockchain, while Ring Confidential Transactions discussed in the Blackpaper were described as a technology still under development.
How is Verge different from Zcash and Monero?
Verge, Zcash (ZEC), and Monero (XMR) all incorporate privacy technologies, but they use different technical models.
Verge focuses on network privacy and recipient privacy. Tor is integrated into its official wallets, while Dual-Key Stealth Addresses can provide one-time destinations for receiving XVG. The sender and transaction amount remain visible on the public ledger.
Zcash takes a different approach with shielded addresses and zero-knowledge proofs. The network supports both transparent and shielded transactions. When you make a shielded transaction, zero-knowledge cryptography can provide privacy for transaction addresses and amounts. Transparent transactions, meanwhile, work differently and expose their transaction information on the blockchain.
Monero uses another privacy model based on ring signatures, RingCT, and stealth addresses. These technologies work together to provide privacy for the sender, recipient, and transaction amount. Unlike Verge and Zcash, Monero's privacy mechanisms are built into the network's standard transaction model rather than being an optional transaction type.
So, the main difference is not simply that one project has “more privacy” than another. Each network takes a different technical approach: Verge combines Tor and optional stealth addresses with a public ledger; Zcash offers transparent and shielded transaction types; and Monero incorporates its privacy technologies into transactions by default.
What is the current Verge coin price?
The current XVG price in USD is shown at the top of this page on SwapSpace, so you can check the latest market value. You can also explore the Verge price chart on the page and customize it to your needs. Choose the timeframe, currency, and other available parameters to see how the XVG price has moved over different periods.
If you're interested in exchanging Verge rather than just tracking its price, the SwapSpace exchange widget also shows available exchange rates. You can check how much you can get when exchanging XVG to BTC, XVG to ETH, XVG to USDT, or other supported assets. This gives you a quick overview of the available rates before you choose an exchange offer.
Where can you store Verge?
You can store XVG in wallets that support the Verge blockchain. The official Verge website currently groups its own wallet products under the vergePay brand.
These include Verge XVR for Android and Meta VR headsets, the full-node Verge Core wallet for Windows, macOS, Linux, and Raspberry Pi, the lightweight Verge Slim desktop wallet, and a paper wallet. An iOS wallet is listed as coming soon.
If you are looking for a lighter desktop wallet, Verge Slim, previously known as MyVergies, includes Tor support and does not require downloading the entire Verge blockchain. Since May 2026, Verge Slim and the Android and Meta VR applications use the same 18-word recovery phrase format, allowing a wallet to be restored across supported platforms.
When choosing an XVG wallet, check that it supports native Verge and the correct network. It is also important to verify a recipient address before sending funds.
Where can you exchange Verge (XVG)?
SwapSpace is a non-custodial crypto aggregator that lets you compare exchange offers for Verge (XVG) in one place. Instead of checking different exchange providers separately, you can select XVG, choose the cryptocurrency you want to receive, and get an overview of available offers and exchange rates.
SwapSpace does not hold your funds. Once you select an offer, the exchange is processed by the chosen provider, while SwapSpace provides the interface for comparing available options. Before confirming the exchange, you can read our users’ feedback and review the provider’s rate.
