What is Verge (XVG)?
Verge (XVG) is a cryptocurrency formed for common people for everyday use which improves upon Bitcoin blockchain. Its initial purpose is to make a fast, efficient and decentralized way of the direct transaction for individuals and businesses maintaining privacy at the same time.
History of Verge (XVG)?
The digital currency verge (XVG) started trading in October 2014 and is, therefore, one of the older anonymous coins in the market. However, when the cryptocurrency first launched, it was called DogeCoinDark. DogeCoinDark’s developers’ goal was to make a fun anonymous Dogecoin-based digital currency with enhanced privacy features. In February 2016, the team behind DogeCoinDark decided to rebrand the coin and continue to work on improving the cryptocurrency under its new name “verge.” Verge foregrounds a policy of ultra-transparency and openness. With Verge Currency, businesses and individuals have flexible options for sending and receiving payments. The maximum supply is capped at 16.5 billion XVG.
Unique Features of Verge (XVG)
Verge has a public blockchain, which allows seeing coin distribution, the number of users and other statistics, while keeping meta transaction data anonymous. Verge uses multiple anonymity-centric networks such as Tor and I2P. Verge maximum supply is fixed and amounts to 16.5 billion coins which allows fairer distribution and prevents market manipulation to a great extent and makes Verge suitable for regular payments.Verge employs multi-algorithm on its blockchain, making it possible to mine Verge with different types of mining devices. Wraith Protocol makes it possible to easily hide transactions in the private ledger. Wraith Protocol is a technology that allows the user to seamlessly switch between public and private ledgers on the Verge Blockchain. So, the dealers will be free to choose the ledger they want to utilize.
How to Buy Verge (XVG) and How it works?
The users can buy Verge from any of the exchanges. If it is not possible the users can buy bitcoin or other currencies from an exchange like Coinbase. You can also buy it from Binance. Anyone with an Android device can take Verge on the go and send or receive coins with your mobile Verge wallet app. Before that, the users should have a wallet to keep the coins safe. There are two types of Verge wallets that are QT and Electrum.
Verge uses Proof of Work consensus to secure the network and you are able to mine using 5 different algorithms: Scrypt, X17, Lyra2rev2, myr–groestl and blake2s which was by design to enable as many people as possible with different mining setups to have equal access to earning the coins.
Verge (XVG) Price Prediction 2018
Verge price for today is ₹10.3578 ($0.157174). It has a current circulating supply of 14.4 Billion coins (14,421,166,327 XVG) and a total volume exchanged of ₹38,122,954,371 ($595,006,000).
John McAfee on Verge Currency
John McAfee the largest investor of Verge has twittered that, “I recommended Verge when it was less than a penny – saying it might rise 100% to two pennies.
The price has been wrongly pumped beyond reason by referencing fake Twitter accounts and Instagrams which I have never had and then I am disappointed when I point out the fraud.” His twittered words made the price down of the coins. XVGWhale claimed in his Twitter account that McAfee’s phone wasn’t hacked as he claims. XVGWhale argues that McAfee reversed his support for Verge because the creator failed to pay him US$1.1 million dollars in Ethereum Verge price equal to 0.157 USD at 2018-01-02. If you buy Verge for 100 dollars today, you will get a total of 638.710 XVG.
Based on our forecasts, a long-term increase is expected, the price prognosis for 2022-12-30 is 0.429 US Dollars. With a 5-year investment, the revenue is expected to be around +173.74%. Your current $100 investment may be up to $273.74 in 2022. Verge price, Verge (XVG) News, Verge (XVG) price today, Verge (XVG) supply, Verge (XVG) price prediction, Verge (XVG) steps to buy, Verge (XVG) features, Verge (XVG) wallets, Verge (XVG) exchanges, Verge (XVG) mining.