Verge

Verge

XVG
$0.005911198%2.54

Key Metrics

Price$0.005911198
Real Volume (24H)$11,055,657.34
Marketcap$97,664,522.74
Fully Diluted ValuationN/A
ATH$0.261874
ATH Date12/24/2017, 3:00:00 AM
ATL$0.00000223
ATL Date2/6/2015, 2:00:00 AM
Circulating Supply17B
Total Supply17B
WebsiteN/A
WhitepaperN/A
Popularity Rank482
Chart
What is Verge?

Verge (XVG) is an open-source cryptocurrency that provides users with a fast, secure and decentralized way to make transactions. The platform aims to empower the community by using blockchain technology in everyday life worldwide.

One of the key challenges in the crypto environment is the lack of central control and the central point of failure. To address these issues, the developers of Verge (XVG) created a decentralized structure that is easy to use. They also envisioned creating custom-made applications that would strengthen the electronic payment system.

To ensure anonymity, Verge (XVG) uses multiple anonymity-centric networks such as The Onion Router (TOR) and Invisible Internet Project (I2P). These networks encrypt user data and keep the network within the internet, which provides a reliable and safe service. The platform also aims to use the technology of TOR and the I2P network to achieve the goal of providing an open ledger to participants to verify their transactions.

Verge (XVG) also works on the IP address, a unique number connected to a specific computer network. This technique addresses the issue by keeping track of the transaction from the IP address. The platform also uses atomic swaps, which is a technology that provides cross-chain trading without a third party. This ensures decentralization and keeps the funds in the wallet.

The native token of Verge (XVG) claims to provide fast, flexible, and secure transactions. It also intends to be adopted by the masses as a payment method. The token provides the feature of immutable transactions, which means that the payment gets credited to the wallet directly and no reverse transaction can happen.

The Verge (XVG) project is maintained by a community of volunteers from different fields. In 2014, the team created the Verge (XVG) token with the name DogeCoinDark. Then in 2016, the token was rebranded to Verge (XVG) currency. In January 2019, the 5th edition of the blackpaper was published. The maximum supply of the token Verge (XVG) is 16,500,000,000 XVG.

Verge (XVG) uses the mining process with a proof-of-work mining principle, which provides users with a fair distribution of benefits. The platform uses a multi-algorithm mining system, which allows individuals to mine with different types of mining equipment, thus ensuring more security through decentralization and a fair distribution of tokens among the Verge (XVG) mining community.

In conclusion, Verge (XVG) aims to provide a fast, secure and decentralized way of making transactions for individuals and businesses. The platform uses multiple anonymity-centric networks and atomic swaps to ensure decentralization and security. The native token of Verge (XVG) claims to provide fast, flexible, and secure transactions and aims to be adopted by the masses as a payment method. The Verge (XVG) project is maintained by a community of volunteers and uses a proof-of-work mining principle to ensure a fair distribution of benefits among the mining community.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

Stay ahead of the competition by accessing high-quality data, advanced tools, and expert research.

Try for Free

Top Assets

AssetPrice24HMcap
Loading...

We use cookies for personalization, social media, and analytics, and share usage data with partners.