Verge
XVG
A privacy-focused cryptocurrency
Top Markets
Summary
Key Metrics
24h Volume
The aggregate trading volume for XVG on Bittrex over the past 24hrs, in USD.
Circulating Supply
Amount of XVG that is currently available to the public and in circulation.
Market Cap
The Marketcap is calculated using the last price on Bittrex and liquid supply sourced from Messari.io
Key Info
Sector
Currencies
Category
Payments
Token Type
Native
Token Usage
Payments
Consensus Algorithm
Proof-of-Work
On-Chain Governance Type
Delegative on-chain vote
overview

In 2013 and 2014, demand for anonymous cryptocurrencies steadily increased as cryptocurrency enthusiasts quickly realized that on-chain Bitcoin payments are not as private as most investors originally though. In an attempt to ameliorate this problem, Dogecoin Dark was created in September 2014 with the two-pronged goal of maximum anonymity and true decentralization.

Almost two years after launching Dogecoin Dark, the team re-branded to Verge with the same privacy and decentralization goals.

SHOW MORE
technology

Verge leverages a variety of technologies to pursue its goal of an extreme-privacy cryptocurrency.

Wraith protocol offers Verge investors a toggle switch in the Verge core wallet allows users to chose to transact in total privacy via stealth addressing or not. This optionality to initiate an onchain transaction with the standard level of privacy expected when making a Bitcoin transaction or to transact with a Monero-esque level of privacy.

Tor is a message encryption privacy tool that Verge default integrates into its wallets to ensure privacy for peer-to-peer information messaging.

I2P tunneling offers a high level of redundancy to information requests and transfers across the network. When a network participant wants to contact another node for the first time, I2P routes the communication request through a custom distributed hash table (DHT) that finds similar existing tunnels with other users.

Verge supports atomic swaps too, which supports their goal of decentralization by allowing cross-chain value transfers (or swaps) between chains that both support atomic cross-chain trading without the need for a trusted third party to monitor and arbitrate the exchange. Verge supports this by implementing BIP65 Check Lock Time Verify (CLTV).

SHOW MORE