The digital currency verge (XVG) started trading in October 2014 and is, therefore, one of the older anonymous coins in the market. However, when the cryptocurrency first launched, it was called DogeCoinDark. DogeCoinDark's developers’ goal was to make a fun anonymous Dogecoin-based digital currency with enhanced privacy features. In February 2016, the team behind DogeCoinDark decided to rebrand the coin and continue to work on improving the cryptocurrency under its new name “verge.”
What is Verge?
Verge is a decentralized currency designed for users who value privacy. It improves upon the original Bitcoin blockchain by using multiple anonymity-centric networks such as Tor and i2p. That means that all data sent on the verge blockchain is anonymized using the i2P tunneling service, which adds another layer of privacy through the use of “garlic encryption” onto verge. It utilizes multi-algorithm mining support to improve security and individuals with different types of mining equipment are able to mine verge, which means more security through decentralization and a fairer distribution of coins among verge’s mining community. Namely, Scrypt, X17, Lyra2rev2, myr-groestl and blake2s. For instance, the multi-algo makes it one of the most promising coins with a brighter future.
What makes Verge unique?
They boast a super fast block time and the big incentive is their routing of information through both Tor and I2P services which adds the privacy element.
Verge uses a proof-of-work consensus mechanism, same as bitcoin, and has a block time of 30 seconds.
TECH SPECS
Symbol: XVG
Algo: Scrypt, x17, groestl, blake2s, & lyra2rev2
Block Time: 30 seconds
RPC port: 20102
P2P port: 21102
Company Analysis - Roadmap
Verge has the following roadmap for the near future :
i2P/TOR Android Wallets
Android Wallet for Anon transactions ONLY! (near completion)New Core Wallet Release
Add new features including coin control, RingCT, update libraries (openssl, boost, etc)
Bitcoin Price = $3800 Total Bitcoins = 21,000,000RSK smart contracts
They are in testnet for bitcoin now. Date revolves around this timeline.Wallet UI overhaul
Merchandise Online Store
Verge Merchandise shop will have tshirts/apparel that can be purchased with XVG and BTC.
Compare Verge with Bitcoin
Verge Price = $0.0046 Total Verge = 16,555,000,000
Total Verge = 16,555,000,000 / Total Bitcoins = 21,000,000 = 788
As Per Supply 1 BTC equels to 788 XVG
Verge's fair value if compares to Bitcoin ($3800 / 788) = $4.8
$1 possible in 2018
Recommendation
Verge Currency (XVG) is a long term buy/hold for those willing to become rich.
There are several cryptocurrencies being created everyday and most don't really offer anything. Verge has a lot of potential and I first looked at it from an investment standpoint as it is currently low at only 80 satoshis.
Click here to view Verge Black Paper