In 2014 Dogecoin Dark was born, a fork of Peercoin, which was an early fork of Bitcoin; in 2016, the name was changed to Verge Currency.
Verge perfected the original Bitcoin blockchain with the aim of fulfilling its initial goals; which provides individuals and businesses with a fast, efficient, and decentralized way of everyday transactions while maintaining your privacy.
What is the Mission of Verge Currency?
Verge Currency aims to empower people around the world by bringing blockchain transactions into everyday life and enabling people to make 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 and how is it funded?
Following the spirit of Bitcoin, Verge is open source software and a community. This is not a company, never had an ICO, or premine. Development is fully funded by the community and developers.
WHY VERGE
The way Bitcoin functions has severe drawbacks regarding privacy:
- General Ledger: Transaction information is public, meaning transactions can be attributed to a person
- IP Leak: A determined and motivated attacker will be able to associate your IP address with your Bitcoin transactions
Due to the reasons mentioned above, it is clear that privacy coins are necessary. Several coins with a similar idea had been created at that time but they were ‘too private’ in the sense that they completely bypassed the public ledger. The general ledger allows traders to provide proof of transactions, which is important for bookkeeping.
Enter Verge a currency that allows private transactions to be carried out on a public ledger. Thus providing each user with the level of privacy they choose. #asp #timotyronald #kalimasada