An article has been misleading the crowd and described Verge Coin (XVG) as a scam. In fact, these articles can not withstand scrutiny, and even many opinions in the article are contradictory. Not all privacy coins are the same, can be explained in the same way, Verge is the exception.
So, here, I want to explain to my friends what the coin is like, what is it for us, what is Wraith protocal, why it is so important. I hope this article will help you re-recognize this currency, dispel your fears, doubts and uncertainty. Maybe the Verge social credit can be increased as soon as possible.
First of all, we have to know clearly what is Scam? This is a very serious accusation. There are indeed a lot of legal Scans in the currency group, but Verge is definitely not one of them.
Merriam Webster’s dictionary defines scam as ：A fraudulent or deceptive act or operation
Personally, I would also add that a scam is likely an intentionally deceptive act. There is nothing deceptive or misleading (intentional or unintentional) about what Verge does, the technology behind it, and how it aims to protect your privacy. I personally feel that it just hasn’t been clearly articulated. I’m trying to help with that.
Verge is a secure and anonymous cryptocurrency, built with a focus on privacy.
The entire Verge codebase is open source so you are free to inspect the code and contribute back to the project as I did. You are free to test it out and determine whether Verge actually does what it says and we’re currently in the process of setting up a more formal responsible security issue disclosure process so that we can ensure Verge is as secure as possible.
What is Wraith
First I’ll start with clarifying what the Wraith protocol is because the author is misconstruing it. They are implying that stealth verge transactions are the Wraith protocol. This is not true. This is what it is:
Wraith protocol is the obfuscation of IP addresses AND blockchain transactions. The technologies currently being used to achieve this are Tor AND stealth addresses.
The implementation of the Wraith protocol is being done in multiple phases. I already covered where things are at. Since then the developers have completed the Tor integration into the core node codebase and added support for stealth addresses. This next release allows the last of the wallets to use Tor to connect to nodes and it will be the first to have support for stealth transactions. It is currently undergoing testing and not officially released yet, but the code is up on Github. Not looking very scammy to me.
Verge is entirely open source. It’s not backed by any companies and doesn’t have traditional investors. It’s a currency created by the people, for the people.
With the high security system and anti-hacked function, it may is also a good choice for investment. At the editing present, the price of verge is $0.013.
