XVG (Verge) is a cryptocurrency token that was created in 2014. Here's an overview:
Token Details
- *Token Name:* Verge (XVG)
- *Blockchain:* Verge Blockchain (based on Bitcoin's codebase)
- *Consensus Algorithm:* Proof-of-Work (PoW)
- *Block Time:* 30 seconds
- *Block Reward:* 200 XVG (halves every 4 years)
- *Total Supply:* 16,555,000,000 XVG
Use Cases
1. *Fast and Private Transactions:* Verge aims to provide fast and private transactions using its Wraith Protocol, which enables users to make transactions without revealing their IP addresses.
2. *Micropayments:* Verge's low transaction fees make it suitable for micropayments.
3. *E-commerce:* Verge can be used for online transactions, providing a secure and private payment option.
Key Features
1. *Wraith Protocol:* Verge's Wraith Protocol enables private transactions by hiding IP addresses.
2. *RingCT:* Verge uses RingCT (Ring Confidential Transactions) to provide an additional layer of anonymity.
3. *Multi-Algorithm Mining:* Verge supports multiple mining algorithms, including Scrypt, X17, and Lyra2REv3.
History and Development
1. *Launch:* Verge was launched in 2014 as DogeCoinDark (DOGED).
2. *Rebranding:* In 2016, the project was rebranded as Verge (XVG).
3. *Partnerships:* Verge has partnered with various companies, including MindGeek, a leading adult entertainment company.
Market Performance
1. *Market Capitalization:* Verge's market capitalization is around $150 million.$BTC
Exchanges and Wallets
1. *Exchanges:* Verge is listed on various cryptocurrency exchanges, including Binance, Huobi, and Bittrex.
2. *Wallets:* Verge has its own official wallet, as well as support for third-party wallets like Electrum and Coinomi.
Please note that the information provided is subject to change and might not be up-to-date. It's essential to conduct your own research and consult with financial experts before making any investment.