Verge

What is Verge?

Verge, a digital currency crafted for everyday use, is designed to cater to the needs of individuals and businesses. It serves as an enhancement to the original Bitcoin blockchain, aiming to realize its primary objective of providing a swift, efficient, and decentralized means for direct transactions.

The mission of Verge is centered on empowering people globally by integrating blockchain transactions into their daily lives. Verge facilitates rapid, efficient, and secure direct transactions, offering businesses and individuals flexible options for sending and receiving payments securely worldwide in a matter of seconds.

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Recent Video Interview

Main points of the interview:

• Built on Bitcoin's latest code with added features.
• Community-driven development model, 56 contributors to date.
• Focus on rebranding, developing new Android wallet with TOR integration.
• Beyond payments, Verge supports additional data in transactions, potential for smart contracts.

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What Makes Verge Special?

Verge is a proof-of-work-based cryptocurrency equipped with multi-algorithm capabilities, aiming to ensure equitable coin earning opportunities for users employing diverse mining devices. It distinguishes itself as one of the rare cryptocurrencies supporting five hash functions integrated into a single blockchain. This approach enhances security by accommodating a broader spectrum of individuals and devices capable of mining Verge. The Verge network sustains five algorithms: Scrypt, X17, Lyra2rev2, myr-groestl, and blake2s, each adhering to a 30-second block target time, with difficulty adjustments influenced solely by the hash rates of the respective algorithms.

Verge Currency is a fast, flexible, and secure cryptocurrency designed for widespread mass adoption globally. Its popularity is growing as more individuals, companies, and organizations recognize its benefits for transactions. Verge enables quick, cost-effective, and secure payments, providing users with diverse options for sending and receiving funds globally in a matter of seconds.

Originally conceived with the goal of offering end-user identity obfuscation suitable for daily transactions, Verge (XVG) embodies the belief in every individual's entitlement to privacy. Grounded in this principle, Verge takes pride in presenting various transaction methods across its network ( Simple transactions, Stealth transactions, Anon transactions). Each method ensures a fundamental level of obfuscation through the TOR network, complemented by diverse obfuscation options tailored to meet the specific needs of all users.

Peer-to-peer Instant Messaging

Encrypted messaging employs a peer-to-peer (P2P) instant messaging system with advanced encryption technology to ensure private communications. Messages are encrypted using the AES-256-CBC algorithm, distributed between nodes to prevent recipient inference through traffic analysis. The elliptic curve digital Signature algorithm (ECDSA) verifies the origin and integrity of messages. The Elliptic Curve Diffie-Hellman key exchange method enables secret key sharing for encryption, ensuring message distribution without revealing the recipient. Verge uses the curve secp256k1, the same as Bitcoin, enhancing security. The implementation incorporates LZ4 and xxHash algorithms for efficient compression and hashing, facilitating quick message transmission on the Verge network with minimal impact on resources. To send encrypted messages, possession of the recipient's public key is necessary.

Verge Team Background and Partnerships

The execute team of Verge includes: Justin Valo - Sunerok (Founder, Lead Software Engineer), Mihael Radoslovic (Internal & External Communications), and Mark Wittenberg (Business Development Strategist).

The business development sector: Jason - CC66 (Senior Community Manager), Nick (Business Development).

The advisors of Verge are: Lloyd - Swizzlesticks (Senior Content Manager), Dan - wit_sec_birb (Advisor & Marketing), Harry (General Advisor).

Verge is partnered with many companies, some of which are Unstoppable Domains, Voice Life, ChangeNOW, NOWPayments, 7b broker, HyperSphere, Travala, MeconCash...

Verge Price Analysis

As of November 24 2024 Verge has a marketcap of $121M. This is {{percentagefromath}} from its all time high of $0.261874. In terms of its tokenomics, there's a total supply of 17B with 100% currently outstanding. Keep in mind Verge has a fully diluted value of $121M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.