Price Data, Market Cap & News for Verge ($XVG) Cryptocurrency

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An Overview of Verge

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Overview of Verge

A Brief Introduction to Verge

Verge is a privacy-focused cryptocurrency that aims to improve the original Bitcoin blockchain by incorporating additional privacy features. It was launched in 2014 as DogeCoinDark, a fork of Peercoin, and was renamed Verge in 2016 for easier mass-market adoption. Verge is community-driven, open-source, and seeks to offer a fast, efficient, decentralized payments network.

The Creators and Major Contributors

Verge was launched by Justin Valo, also known as "Justin Vendetta" or "Sunerok". With over 20 years of experience in network security and nearly a decade in blockchain technology, Valo developed Verge as a passion project to empower individuals with a greater sense of privacy. The project is community-driven and relies heavily on volunteers.

Token Supply

The total maximum supply of Verge is capped at 16.5 billion XVG. This high supply cap ensures that the value of each individual token remains low, allowing users to avoid fractional payments. It also prevents any one individual from taking control of a large number of XVG to manipulate markets. All currently circulating XVG was introduced through the Verge blockchain's proof-of-work mining process.

Purchase Locations

Verge (XVG) can be purchased on many exchanges including Binance, HitBTC, Bittrex, and Huobi Global. It can be traded against fiat currencies such as the U.S. dollar and the euro, cryptocurrencies such as Bitcoin and Ether, and the stablecoin Tether (USDT).

Common Uses

Verge is used as a digital currency with a focus on privacy. It automatically routes all traffic to and from its wallet through the Tor network, anonymizing the traffic and masking IP addresses. Verge also offers dual-key stealth addressing, which allows senders to create one-time wallet addresses on behalf of recipients to protect their privacy.

Latest News and Developments

Verge seeks mainstream adoption and pursues strategic partnerships to increase its awareness and use. It sponsors professional athletes and has partnered with platforms such as MobiePay, MeconCash, and Crazy8Token. 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. The Verge network is secured through a proof-of-work consensus algorithm similar to that of Bitcoin, on which Verge's code is based. In April 2018, Verge suffered an attack on its network that used an exploit related to the Scrypt mining algorithm to instamine a reported 20 million XVG. In response, the project initiated a hard fork to patch the issue.

Verge's Growing Acceptance

In recent news about Verge, the cryptocurrency has seen a significant surge in its acceptance and usage. Several cryptocurrency exchanges, including BKEX and India's WazirX, have listed Verge's token, XVG, leading to a noticeable price surge. This increased exposure is a positive development for Verge, making it more accessible for those wondering where to buy Verge.

Partnerships and Endorsements

Another exciting development in Verge news is the partnership with American Football player Lewis Neal. Neal has joined the Fueled By Verge (FbV) team, where he will be the point of contact for athletics. This partnership could potentially increase Verge's visibility and acceptance in the sports industry.

Verge's Market Performance

As for the Verge price today, it has experienced a significant increase following these developments. The Verge price has been positively affected by the listing of its token on several exchanges. However, like all cryptocurrencies, the price of Verge is subject to volatility and can change rapidly.

Future Prospects

Looking at the recent news about Verge, it's clear that the cryptocurrency is on an upward trajectory. With its growing acceptance, high-profile partnerships, and positive market performance, Verge is a cryptocurrency to watch. However, potential investors should always do their research and stay informed about the latest Verge news today before making any investment decisions.