Verge Currency (XVG): The Revolution of Private Transactions
In 2014, Dogecoin Dark was born, a fork of Peercoin, which in turn was an early fork of Bitcoin. In 2016, it was renamed Verge Currency. Verge improves on the original Bitcoin blockchain with the goal of fulfilling its original purpose: to provide individuals and businesses with a fast, efficient, and decentralized way to conduct daily transactions while maintaining their privacy.
What is Verge Currency's mission?
Verge Currency aims to empower people around the world by bringing blockchain transactions into everyday life and enabling people to engage in transactions quickly, efficiently, and privately. With Verge Currency, businesses and individuals now have flexible options for sending and receiving payments.
Is Verge Currency a private company? How is it funded?
In the spirit of Bitcoin, Verge is open source software and a community. It is not a company, has never had an ICO, or pre-mine. Development is entirely funded by the community and developers.
Why choose Verge?
The way Bitcoin works has serious flaws regarding privacy:
Public Ledger: Transaction information is public, meaning transactions can be linked back to a person.
IP Leakage: A persistent and motivated attacker may be able to associate your IP address with your Bitcoin transaction.
Due to the reasons mentioned above, it became clear that there would be a need for a privacy coin. At the time, several coins with similar ideas were created, but they were "very private" in the sense that they passed completely through the public ledger. The public ledger allows merchants to provide proof of transactions, which is important for accounting.
Verge enables private transactions on a public ledger, providing each user with the level of privacy they choose.
Verge Currency Financial Data
Rank No.: 279
Market Cap: $240.14M
Total Supply: 16,521,951,235 XVG
Issue Date: 2014-10-08
All-Time High: $0.3005880117416382 (2017-12-23)
All-Time Low: $0.00000216713010559 (2015-02-05)
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