Verge (XVG) is a cryptocurrency focused on providing persons and businesses with secure blockchain-based payment instruments. Created in 2014 as DogecoinDark, it obtained its current name in 2016. Verge (XVG) utilizes Proof-of-Work (PoW) consensus which means its transactions are confirmed by miners’ computational power.
Multi-algorithm mining support is among its ‘killing features’: it merges the benefits of five massively adopted mining algorithms such as Scrypt, X17, Lyra2rev2, myr-groestl and blake2s.
Verge (XVG) has delivered a plethora of end-user solutions: by 2021, its developers proudly released native wallet instruments for MacOS, Windows and Linux alongside with smartphone-oriented tools for iOS- and Android-based devices. Its desktop applications support TOR integrations for the maximum level of privacy.
Also, Verge (XVG) crypto is integrated into a number of credible third-party wallets, namely Coinomi, Guarda, and so on.
What is special about the Verge (XVG) approach?
Starting from day one, Verge (XVG) proudly adheres to a 100% open-source and community-driven approach. It isn’t backed by ICO or VC investors: Verge (XVG) devs retain full independence from market swings. The whole process of development is maintained by volunteer groups across the globe.
Verge (XVG) hashrate is another metric that reflects strong computational power behind its security. XVG hashrate is more than 2 trillion hashes per second which is much higher than that of the leading privacy coin Monero (XMR).
How does the Verge (XVG) organize its node system?
Verge (XVG) nodes provide their operators with the ultimate level of obfuscation. With Tor integration, the IP destination of that node becomes virtually untraceable. All messages in Verge (XVG) nodes system are encrypted by the sophisticated AES-256-CBC algorithm and distributed between multiple nodes.
Also, encrypted messages are duplicated between all active nodes so the malefactors are unable to track the structure of nodes with traffic analysis tools.
Main advantages of Verge (XVG)
Verge (XVG) transactions are way faster than that of the majority of second-generation PoW coins: it has its average transaction confirmed in 30 seconds with a maximum bandwidth of 100 transactions per second. This level of scalability allows the XVG transactions to be cheap.
XVG maximum supply is capped at 16.5 billion coins: there were no pre-mine so this crypto is resistant to ‘whale domination’. Verge (XVG) gathered a really solid and passionate community: it reached 1+ million followers in total across Blockfolio, Twitter, Facebook, and Telegram as well as 320 GitHub stars.
Meanwhile, Verge (XVG) isn’t a ‘punk’ blockchain: its engineers constantly deliver new integrations. In late Q4, 2020, Verge (XVG) added NFC payments to its iOS wallet toolkit and joined a strategic partnership with Voice Life, wireless charging protocol that harnesses game-changing IoT and neural networks instruments. Namely, it harvests wireless signals from satellites, radio or mobile phones and turns them into electricity for end-user devices.