In the digital money market, the Verge token can be called one of the watchdogs of the global cryptocurrency market. But the coin aroused interest only at the end of last year. More recently, the token underwent a hard fork, which only strengthened its position. The coins capitalization is growing rapidly, despite the fact that the value of the asset cannot be called high. Investors are attracted by the grandiose plans of the project developers.

About the Verge project

The Verge token is an alternative digital coin based on the Bitcoin blockchain and improved network privacy. Every IP-address here is subjected to the most complex encryption, so the cryptographic scheme simply cannot be traced.

The virtual coin was created in 2014. First, the token was named DogeCoinDark. Then a group of unknown developers set a goal: to create an improved version of the bitcoin blockchain. Among the creators of the platform are such pseudonyms: Sunerok, CryptoRekt, Gfranko, as well as about 20 others. It is impossible to say for certain who exactly is the creator of the token. Using GitHub, the founders of the platform establish contacts with other community members, looking for new professionals to help them further improve the network. Thus, an IT specialist who supports the values of the platform, the main among which are absolute confidentiality and security for all Verge users, can become a team member.

It should be noted that the platform differs from others in that no ICO was held to launch it. The creators of the network have forked from Bitcoin. After that, their personal funds were invested in this project, and they themselves mined the first coins.

Already in 2016, the token received its current name Verge (XVG), and the developers announced the main principles of their project:

The emission is limited. A total of 16.5 billion tokens will be issued.
Transactions are completely confidential. Thanks to the use of unique technologies, data encryption is provided, so it will not be possible to track transactions.
High-speed performance. Verge has a throughput of 100 transactions per second.
Coins are easy to mine. Verge is the only digital coin that can be mined using one of five algorithms: Scrypt, X17, Myr-Groestl, Lyra2REv2, and Blake2s.
Transaction fees are either minimal or none at all.
Non-refundable payments. Thanks to this, you can conveniently and safely receive payment for your services without risking that the user will want to return the money.
The ability to exchange coins for fiat money.
Maximum openness. Developers have no funding, and there is no earnings on pre-mining or ICO either. They accept donations from platform users.
Availability and selection of wallets.
To start using Verge, you just need to install the appropriate e-wallet software, no matter which platform you use. The work will be based on blockchain technology.

Today the XVG token is popular and very promising.

You can exchange Verge cryptocurrency for other tokens without resorting to intermediaries thanks to the Atomic Swap product.

When developing and improving their network, the creators took into account the opinions and requirements of users. Therefore, today you can send or receive tokens via Telegram or Twitter, you can pay for services and goods in stores that cooperate with this project.

It should be noted that out of the total number of all coins, 9 billion were immediately issued, the rest was distributed so that 1 billion coins will be issued every year. This eliminates the likelihood of getting a large number of coins at the disposal of certain users.

Project participants have the ability to open Electrum and QT wallets. Each of them has its own set of functions and how to use it. So, the Electrum wallet is suitable for use every day. It is simple and convenient to use, the settings are easy to edit thanks to the open source code. QT wallet is a multi-platform C ++ application. It is advisable to use it when you need to get a wider set of functions.

Today you can buy digital Verge coins on the exchange or earn money by mining. The second option is more suitable if sufficient power is used. But even in this case, the profitability of production will be low. A more efficient solution would be to participate in mining pools for the Verge digital coin.

Verge features

The digital coin is based on the Bitcoin blockchain. The Verge network is free from the disadvantages of the mother platform, thanks to the fact that the developers have implemented modern technologies:

It is a scheme that makes IP addresses private and provides multiple layers of encryption for user messages. This scheme is a system of channels, consisting of many layers, thanks to which the IP addresses of users are hidden. The message is thrown into a network that includes a large number of relay computers, which leads to the IP address of the message being changed several times. Thus, it becomes unrealistic to trace the sender of this message. It is this technology that acts as the standard of this network when making payments by users. I must say that its main drawback, which is the centralization of servers, is minimized by the introduction of I2P technology (Invisible Internet Project).
A system that uses tunnels to make IP addresses invisible, allowing for increased privacy. This technology allows you to hide all information about a network user. It is highly reliable, providing a confidential network on the Internet.
Wraith Protocol. The user gets the ability to quickly switch between registers (private and public) in the coin block chain. This ensures that information on transactions is hidden.
Simple payments are verified, which increases the speed of their execution.
Thus, the Verge digital coin combines the best properties of such cryptocurrencies as Bitcoin, Dogecoin, Dash.

How is Verge created?

The Verge coin mining network uses the PoW consensus to mine digital coins. This platform differs from others in that it makes it possible to use different algorithms for mining cryptocurrency, which is available only in isolated cases (only 4 platforms use such a number of cryptographic algorithms). This allows you to provide a high level of protection against hacker attacks, to make the mining of tokens as accessible as possible for miners who use video cards and processors. Algorithms include:

Using this algorithm, you can mine on a processor, and the most efficient video cards for mining tokens are Nvidia;
Algorithm for mining digital coins for Nvidia video cards;
Scrypt;
The developers of the project customize this algorithm for the needs of the user, it excludes the use of Asic.
The algorithm has as many as 17 different hash functions, the CGminer and CCminer programs are configured for AMD and Nvidia graphics processors.
It takes a maximum of 30 seconds to create one new Verge block. The PoW algorithm is used to confirm the transaction. With each new block, their creation becomes more difficult. It uses the same principles as the Bitcoin network.

To ensure the maximum security of your Verge tokens, you can choose from several hashing algorithms. The choice is made by the user based on his personal preferences. Regardless of this, making money on this cryptocurrency will be as safe as possible.

Mining a coin gives the user a reward of 12 thousand XVG per block. There are no commission payments in the system when various operations are carried out, including the transfer of funds from one account to another.

Absolute confidentiality when using the platform is achieved by the following services:

Tor - software that allows you to create confidential channels;
I2P is a confidential service that runs over the Internet.
As a result, the location and other user data that is sent over the network receive strong tunnel-type encryption.

Verge mining performance will vary depending on which algorithms are used. Using a video card, you can mine a token using algorithms such as Lyra2REv2, X17 and Blake2s, but the efficiency will be low. To improve performance, you need to create mining farms.

Is Verge Infinite?

The issue of Verge coins is limited. A total of 16.555 billion coins were issued, of which 15.172 billion coins were in circulation as of early December 2019.

Strengths of Verge

The main advantages of the Verge project are:

Long history of existence. The project started more than 4 years ago. During this time, many different changes have been made to it, and it continues to improve even now. This is what distinguishes Verge from cryptocurrency market participants who choose an aggressive policy in order to promote their project and earn money as quickly as possible. Verge is a reliable long-term project, where quality comes first.
Solves the problem of transaction confidentiality. The network participants are guaranteed complete confidentiality, which is achieved through the use of a set of algorithms Tor, I2P and Wraith Protocol. These technologies do not allow you to track the ongoing transaction and identify the person who owns the account.
Decentralized network and complete independence. The Verge project is open source and completely independent. Its not even a private company. Personal developer funds and donations are used to promote this platform. Governments and large investors cannot control the Verge platform.
Popularization. To date, more than 80 services that operate in the field of online commerce, services and entertainment have already accepted this coin. Verge is used in many popular cryptocurrency projects. The developers have created optimal conditions for Verge to be comfortable to use not only for ordinary users, but also for large companies. For this, protective wallets and applications for mobile devices have been created.
The plans of the Verge developers are amazing. They want to implement tools to make it possible to use the token in popular social networks and instant messengers, release a wallet, and improve the technical characteristics of the network. The developers also plan to create an official pool and mining software.
High scalability for all types of transactions.
Not subject to inflation. This is achieved with a limited supply of tokens. When their number reaches the maximum amount in circulation, they will not be issued.
The speed of transactions. It takes approximately 5 seconds to complete one transaction.
Even though the Verge coin has been around for a long time, its popularity in the cryptocurrency market is not very high when compared to such leaders as Bitcoin or Ethereum. To make this token more attractive to users, developers need to increase its advantages over competitors.

Verge in TOP currencies

In terms of capitalization at the beginning of December of this year, the Verge cryptocurrency ranks 64th in the TOP-100 digital coins (according to coinmarketcap.com).