XVG
Reputation Ratings

XVG

Verge 10-15 years
Website http://vergecurrency.com/
Browser
OTH RELPs
Github
White Paper
Avg Price
-0.63%
1D

$ 0.006374 USD

$ 0.006374 USD

Market Cap

$ 108.041 million USD

$ 108.041m USD

24h trading volume

$ 16.28 million USD

$ 16.28m USD

7d Vol

$ 100.589 million USD

$ 100.589m USD

Circulating supply

16.5219 billion XVG

Related information

Issue Time

2014-10-09

Platform pertained to

--

Current price

$0.006374USD

Market Cap

$108.041mUSD

Volume of Transaction

24h

$16.28mUSD

Circulating supply

16.5219bXVG

Volume of Transaction

7d

$100.589mUSD

Change

24h

-0.63%

Number of Markets

98

Github Messages

More

Warehouse

None

Github's IP Address

[Copy]

Codebase Size

1

Last Updated Time

2016-02-27 00:08:10

Language Involved

--

Agreement

--

Token conversion

/

Current Rate0

Available

0.00USD

Calculate

Historical Price

Introduction

Markets

3H

-1.53%

1D

-0.63%

1W

+23.36%

1M

-13.73%

1Y

+134.05%

All

-76.74%

Aspect Information
Short Name XVG
Full Name Verge Cryptocurrency
Founded Year 2014
Main Founders Sunerok (Justin Sunerok)
Supported Exchanges Binance, Bittrex, Upbit, HitBTC, Huobi, etc.
Storage Wallet Verge QT, Verge Tor QT, Electrum, Coinomi, Verge Paper Wallet, etc.

Overview of XVG

Verge Cryptocurrency, commonly known as XVG, is a type of digital currency that was established in 2014. It was founded by Sunerok, also known as Justin Sunerok. XVG aims at providing its users with a decentralized and anonymous platform for transactions. This cryptocurrency is supported by several exchanges, including Binance, Bittrex, Upbit, HitBTC, Huobi, and more. In terms of storage, there is a range of wallets available for XVG holders such as Verge QT, Verge Tor QT, Electrum, Coinomi, and Verge Paper Wallet.

Overview of XVG

Pros and Cons

Pros Cons
High level of user privacy Relatively small development team
Good exchange support Less known compared to other cryptocurrencies
Varied storage options High market volatility
Transaction speed Recent history of security flaws

Pros:

1. High level of user privacy: XVG is designed with a focus on privacy, providing a secure and anonymous platform for transactions. This helps protect user identities and their transaction details from being traced or compromised.

2. Good exchange support: XVG is supported by a wide variety of cryptocurrency exchanges including Binance, Bittrex, and Huobi. This expansive support makes it more accessible for users to trade and transact with XVG.

3. Varied storage options: With a broad selection of wallets available like Verge QT, Verge Tor QT, Electrum, and Coinomi, XVG offers varied options for safe and secure storage of tokens.

4. Transaction speed: Verge Cryptocurrency is praised for its fast transaction speeds which contributes to a more efficient and smooth user experience.

Cons:

1. Relatively small development team: The Verge Cryptocurrency project has a relatively smaller development team compared to other major cryptocurrencies. This could sometimes lead to slow progress in development and improvements.

2. Less known compared to other cryptocurrencies: Despite its strengths, XVG is not as well-known or established as some other cryptocurrencies. This reduced recognition can potentially affect its adoption rate and acceptance among users and merchants.

3. High market volatility: Like many other cryptocurrencies, XVG is subject to high market volatility. This means that the value of XVG can fluctuate widely in a very short time, which can present considerable financial risks.

4. Recent history of security flaws: In the past, there have been instances of security vulnerabilities in the Verge network. While these issues have been addressed, they might impact the trust of users and potential adopters.

What Makes XVG Unique?

Verge Cryptocurrency (XVG) has introduced some innovative features which set it apart from many other digital currencies. One key innovation is its focus on providing enhanced privacy and anonymity to its users. It incorporates technologies such as the Tor network and the Invisible Internet Project (I2P) to ensure transactions are untraceable and user identities are concealed.

Another notable feature is its use of multiple proof-of-work algorithms. This approach is unique in the sense that it encourages equal distribution of mining power and enhances the overall security of the system. Many cryptocurrencies only use a single mining algorithm, which can sometimes lead to security concerns and centralization of mining power.

What Makes XVG Unique?

However, while these innovations have given XVG its unique character, it also shares common aspects with other cryptocurrencies, such as decentralized control, use of blockchain technology, and being subject to market volatility. It's also worth noting that despite its focus on privacy, other cryptocurrencies like Monero and Zcash also offer strong anonymity features.

How Does XVG Work?

Verge Cryptocurrency (XVG) operates on a decentralized network, utilizing blockchain technology. Its blockchain has a dual-layered structure, consisting of an opaque layer for public viewing and a private side concealing the details of transactions.

XVG uses several innovative technologies to enhance privacy and security. One key feature is the integration of Tor (The Onion Router) and I2P (Invisible Internet Project) technologies into its system. These technologies keep user IP addresses hidden, thereby ensuring user identities and transaction details remain private and untraceable.

When it comes to verifying transactions and adding them to the blockchain, XVG uses a multi-algorithm system. This is a unique feature of Verge, as many other cryptocurrencies only use a single mining algorithm. XVG supports five different Proof-of-Work algorithms: Scrypt, X17, Lyra2rev2, myr-groestl and blake2s. This way, it encourages more equal distribution of mining power, providing users with multiple options for mining XVG based on their hardware capabilities.

Furthermore, XVG employs the Wraith Protocol. This feature allows users to choose between a public and private ledger while performing a transaction. Transactions listed under the public ledger are traceable, but not linkable to the individual, while transactions under the private ledger are both untraceable and unlinkable. This gives users the flexibility to adjust the level of privacy based on their needs.

Circulation of XVG

The total circulating supply of XVA is 100,000,000. This means that there are currently 100 million XVA coins in circulation.

The price of XVA has fluctuated significantly since its launch. In early 2019, the coin was trading for around $0.10. However, by the end of the year, the price had fallen to around $0.02. The price of XVA has since rebounded somewhat, and is currently trading for around $0.05.

There is no mining cap for XVA. This means that there is no limit to the number of XVA coins that can be mined. However, the mining difficulty of XVA increases over time, making it more difficult to mine new coins.

Exchanges to Buy XVG

There are several exchanges supporting the buying, selling, and trading of Verge Cryptocurrency (XVG). Below we list ten of these exchanges, along with some of the commonly supported currency and token pairs:

1. Binance: Provides a platform for trading XVG with pairs like XVG/BTC, XVG/ETH, and XVG/BNB.

2. Bittrex: Offers pairs like XVG/USD, XVG/BTC, and XVG/ETH.

3. Upbit: Mainly supports XVG/KRW trading pairs for South Korean users, but also offers pairs like XVG/BTC.

4. HitBTC: This exchange supports XVG trading pairs with Bitcoin and USDT, namely XVG/BTC and XVG/USDT.

5. Huobi Global: Provides XVG/USDT trading pair for global users.

6. Bitvavo: An exchange based in Netherlands which supports XVG/EUR pair.

7. CoinEx: Offers multiple XVG token pairs including XVG/BCH, XVG/BTC, and XVG/USDT.

8. ChangeNOW: A non-custodial exchange which supports multiple pairings with XVG, including cryptocurrencies like BTC, ETH, LTC, and several others.

9. Sistemkoin: A Turkey-based cryptocurrency exchange platform that presents XVG/TRX, XVG/ETH, and XVG/USDT trading pairs.

10. Graviex: Offers XVG trading with pairs like XVG/BTC, XVG/USDT, and XVG/ETH.

Exchanges to Buy XVG

Please note that the availability of these pairs may vary over time due to factors such as liquidity, compliance regulations, and the exchange's management decisions. It is always recommended to check the latest availability of trading pairs on each exchange's official website or trading platform.

How to Store XVG?

Storing Verge Cryptocurrency (XVG) involves putting the digital tokens in a digital wallet. It's essential to ensure that the chosen wallet supports XVG. As a user, you have several options depending on your storage needs, such as:

1. Verge QT Wallet: This is the core wallet of Verge, which requires downloading the entire Verge blockchain. It offers the highest level of security and enables complete control over your tokens.

2. Verge Tor QT Wallet: This operates similarly to the Verge QT Wallet. However, it offers additional privacy features because it operates over the Tor network, making transactions anonymous and harder to track.

3. Electrum Wallet: It's a lightweight wallet, which means you don't need to download the entire Verge blockchain. The primary benefit is simplicity and speed. It's a good choice if you want to start quickly and don't need the extra features of the core wallet.

4. Coinomi: A well-known mobile wallet for Android and iOS users supporting multiple cryptocurrencies, including XVG. It has the advantage of accommodating many digital tokens in one place and offering a simple and user-friendly interface.

5. Verge Paper Wallet: If you plan on holding XVG for a longer period and want to keep it entirely offline, creating a Verge paper wallet can be a secure option. It involves putting your XVG tokens into a wallet that is then printed out. This way, your tokens are stored away from the internet and potential online threats.

Verge Wallet
Cold Storage Wallets and 3rd Party Wallets

It is worth mentioning that all wallets should be password protected and backed-up. Remember, the security of your tokens is as strong as your security practices.

Should You Buy XVG?

Acquiring Verge Cryptocurrency (XVG) can be an option for various types of investors, depending on their personal circumstances, objectives and risk tolerance. Here are a few key categories:

1. Privacy-oriented individuals: XVG's predominant focus on user privacy and transaction anonymity makes it an attractive option for those who value these aspects.

2. Cryptocurrency enthusiasts: If an individual is interested in supporting and participating in the wider digital currency ecosystem, investing in different types of cryptocurrencies like XVG can be one way to do this.

3. Speculative investors: Like many forms of cryptocurrencies, XVG has significant price movements that could offer investment opportunities. However, this comes with a high level of risk due to the volatile nature of cryptocurrency markets.

Remember, investing in cryptocurrencies like Verge Cryptocurrency (XVG) should follow careful evaluation and should not be rushed. The information provided here is for informative purposes only and not intended to be investment advice.

Conclusion

Verge Cryptocurrency (XVG) is a digital currency that emphasizes user privacy and transaction anonymity, primarily through the integration of technologies such as Tor and I2P. Founded in 2014 by Sunerok, Verge offers a decentralized platform with a core focus on maintaining user privacy. It's supported by several major exchanges and provides users with numerous storage options, including Verge QT, Tor QT, and Coinomi.

With innovative features like the Wraith Protocol and multiple proof-of-work algorithms, XVG differentiates itself within the highly competitive cryptocurrency marketplace. The platform's commitment to privacy and security enhancements, coupled with high-level user privacy and a range of accessible wallets make it a unique player in the market. However, certain challenges like market volatility and a history of security flaws present potential risks for investors.

In terms of its financial prospects, like any cryptocurrency, XVG has the potential for both appreciation and depreciation, depending on a variety of market factors. As with any investment, the potential for earning money cannot be guaranteed and is usually accompanied by risks. Therefore, careful and thorough research is essential before making any investment decisions related to XVG or any other cryptocurrencies.

FAQs

Q: How can XVG tokens be stored securely?

A: XVG tokens can be stored in various wallets such as Verge QT, Verge Tor QT, Electrum, Coinomi, and Verge Paper Wallet, with each providing different levels of security and convenience.

Q: How does Verge Cryptocurrency differentiate itself from other cryptocurrencies?

A: Verge Cryptocurrency is distinguished by its focus on user privacy and transaction anonymity, which is achieved through the integration of technologies like Tor and I2P, and unique features like multiple proof-of-work algorithms and the Wraith Protocol.

Q: Who stands to gain the most from investing in XVG?

A: Those who value privacy-oriented transactions, cryptocurrency enthusiasts, and speculative investors might find XVG appealing, but it's advised to seek professional advice before investment decisions.

Q: What currency and token pairs are supported for trading XVG?

A: XVG is compatible with various trading pairs on different exchanges, including XVG/BTC, XVG/ETH, XVG/BNB on Binance, XVG/USD on Bittrex, and XVG/USDT on Huobi, among others.

Risk Warning

Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.

User Reviews

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2 ratings

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Dory724
Privacy coin, volatile history. Consider alternatives.
2023-12-07 22:23
9
0
Windowlight
Verge (XVG) is a privacy-focused cryptocurrency that offers users enhanced anonymity features in their transactions. It utilizes technologies like Tor and I2P to mask the origin and destination of funds. While XVG provides privacy, it has faced some scrutiny over its security and the effectiveness of its privacy features. The Verge community remains dedicated, and the coin has had its moments of popularity. However, it competes in a crowded space of privacy coins, and its long-term success may depend on continual development and improvements
2023-11-04 06:16
3
0