what's Verge?
Verge is an open-source cryptocurrency designed for fast, efficient, and private peer-to-peer transactions. Launched in 2014 as a community-driven project with no ICO or pre-mine, it emphasizes accessibility and usability for everyday payments. Built on a proof-of-work consensus mechanism using multiple algorithms (Scrypt, X17, Lyra2rev2, Myr-Groestl, Blake2s, and Groestl) to enhance security against mining centralization, Verge supports optional privacy features through integration with networks like Tor and I2P, allowing users to choose between transparent or anonymized transactions. The project focuses on real-world adoption by partnering with vendors and exchanges, and it includes tools like mobile wallets and payment gateways. Verge's decentralized nature ensures no single entity controls the network, with ongoing development handled by volunteers to improve scalability, such as increasing transaction speeds to over 100 per second. Its commitment to being a practical digital currency underscores its goal of seamless integration into daily commerce without compromising on speed or security.
Verge, a privacy coin, ranks 8th in development activity with upward movement.
Ranked 8th among crypto privacy coin projects by development activity according to Santiment's methodology for filtering notable GitHub activity data from project repositories, with an upward directional movement since the last ranking update.
Trader opinion positions XVG alongside DGB and STRAX as "the next OG coins to follow" after XNO and PIVX show activity in the ongoing privacy coin rally sequence. (ID: 1988603255480520804)
XVG gained 44.2% since the privacy coin rally began, underperforming ZEC (+707%), DASH (+263%), SCRT (+41%), and trailing most major privacy coins in the sector rally.
Price at 0.0073 with shilling activity forecasting major price movement within 7 days.
Verge identified as underperforming beta that got outperformed by ZEC on risk and liquidity adjusted basis, with traders advising against chasing such plays.
Liquidation tapes observed for XVG along with other privacy coins including DASH, ZEN, and SCRT.
Verge listed among privacy coins to watch following ZEC's 600% pump to $350 and renewed attention to the privacy narrative from notable crypto figures including Naval, Mert, Burniske, and Hayes.