What is Verge?
Verge is a privacy coin aimed at improving privacy in transactions that can be used every day. Verge uses many anonymity-centric networks to maintain utmost privacy and anonymity. Transaction speeds are Ultra-Fast compared to other coins.
Verge in Short
- Current Market Cap: $2,27,18,11,818 USD.
- Circulating Supply: 14,420,905,810 XVG.
- Max Supply: 16,555,000,000 XVG.
- Current Price: $ 0.157536 USD.
- Founded: 2014 under the name “DogeCoinDark”.
Now let’s find out what the Wraith Protocol is and how it is revolutionizing the crypto world.
XVG and Wraith Protocol: What it actually means for the Verge Users?
Wraith Protocol allows its users to easily switch between Public and Private Ledgers while on the Verge Blockchain. In layman’s terms, you may turn on this Protocol to hide your Verge transactions from the blockchain i.e. everyone.
This is an amazing piece of technology, capable of providing the privacy, flexibility and security needed while using a private coin. With the release of this Protocol, Verge seems to be one of the most promising projects of 2018.
Why was Verge introduced in the crypto world?
The purpose of Verge is to make private transactions more secure and provide 100% anonymity while transacting. They want to empower people around the world make payments being anonymous by introducing blockchain transactions into everyday life. They are making it possible to engage in small and large transactions quickly, efficiently and privately.
Storing Verge: Wallets for (XVG)
The development team at Verge have developed their own wallet known as Electrum Wallet.
When we downloaded the wallet to test it out ourselves, we encountered a settings issue.
If the server does not connect upon downloading and opening the wallet, use “22.214.171.124” as your server address and port 50001 or 50002. Uncheck the box “Use SSL” and uncheck “Auto Connect”. After this, your Wallet should work fine.
Verge, according to me, is one of the best privacy coins available. It is all set to boom in 2018 as per market research and I have added quite a bit of it to my Portfolio.
In the recent past, the price of Verge was $ 0.0087 . Today, the price is $0.1535. That’s an astonishing increase by 25x!
What do you think? Is it worth investing?
Let us know in the comments section below.