Verge is a privacy-focused cryptocurrency and blockchain platform designed to provide anonymous and secure transactions. XVG coin review by Coinidol.com.
Privacy and anonymity
A project DogeCoinDark was launched in 2014 but later in 2016 it was rebranded as Verge.
The project focuses on enabling private and untraceable transactions while maintaining fast transaction speeds and a user-friendly experience. Verge employs multiple privacy mechanisms, including the use of Tor and I2P networks to obfuscate users’ IP addresses and hide transaction origins, enhancing privacy and anonymity.
The Wraith Protocol of the platorm is a feature that allows users to switch between public and private ledgers, giving them the option to make transactions visible or private. By utilizing a proof-of-work (PoW) consensus algorithm and implementing technologies to enhance scalability Verge aims to provide fast transaction speeds.
XVG is the native cryptocurrency of the Verge network. The atomic swaps available on Verge, allow users to exchange XVG with other cryptocurrencies without the need for intermediaries.
Moreover, it offers mobile wallets that allow users to send and receive XVG on the go.
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