Verge Price（XVG）USD

Verge (XVG) is the native token of Verge network, a privacy-focused decentralized blockchain. It improves upon the original Bitcoin (BTC) blockchain and aims to fulfill its initial purpose of providing individuals and businesses with a fast, efficient and decentralized way of making direct transactions while maintaining your privacy.

Verge intends to allow everyday users to make blockchain transactions that are completely untraceable and invisible using its optional Wraith Protocol. The network also supports stealth addressing, which creates a one-time address that can only be accessed by the address recipient. Much of Verge’s privacy measures are focused on obscuring IP addresses when sending and receiving funds.

Through a Tor or i2P wallet, users can quickly and easily send encrypted transactions and communications on the Verge network. This essentially involves running encrypted transactions through a chain of Tor relays in a randomly selected way. On the way, the encrypted wrapper of each transaction is only decoded just enough for a Tor relay to identify the previous link in the chain and the next one, then each relay will re-wrap the transaction before sending it on.

 

What Makes Verge Different?

According to its “blackpaper,” Verge was created as a way to fulfill Bitcoin founder Satoshi Nakamoto’s vision of a decentralized, trustless electronic payment system while also providing more privacy than is available with Bitcoin.

In order to accomplish this goal, Verge relies on a series of key privacy features. It automatically routes all traffic to and from its vergePay wallet through the Tor network, anonymizing the traffic and masking IP addresses. It also offers dual-key stealth addressing, through which senders can create one-time wallet addresses on behalf of recipients to help protect the recipients’ privacy, as well as using atomic swaps to power trustless peer-to-peer cross-blockchain transactions.

Verge seeks mainstream adoption, and as such, the Verge Core team pursues strategic partnerships to increase its awareness and use. It sponsors professional athletes and has partnered with platforms such as payments and rewards ecosystem MobiePay, crypto payments platform and ATM provider MeconCash, and blockchain-based online gambling platform Crazy8Token, among others.

The Verge Core team often relies on crowdfunding and community support to be able to scale, market and pursue partnerships. In April 2018, the project raised 75 million XVG (approximately $7 million at the time) to cover the costs of integrating with a major payments processor.

 

Where Can You Buy Verge (XVG)?

XVG is available to purchase on many exchanges. It can be traded against fiat currencies such as the U.S. dollar and the euro, cryptocurrencies such as Bitcoin and Ether (ETH), and the stablecoin Tether (USDT).

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