Verge (XVG) (formerly DogecoinDark (DOGED)) is a decentralised, open-source cryptocurrency forked from Dogecoin in October 2014 and re-branded as VERGE in February 2016.
Specifications:
Symbol: XVG
Algo: Scrypt, x17, groestl, blake2s, and lyra2rev2
Block Time: 30 seconds
RPC port: 20102
P2P port: 21102
According to the website:
Verge is a privacy focused public ledger, that is verified by blockchain technology. The core foundation is built around decentralized transactions that are supported by a global community.
Verge improves upon the bitcoin blockchain by adding privacy enhancing features such as the utilization of anonymity-centric networks Tor and i2P. It was created and its spearheaded by ‘Sunerok’ whose background is in network security and online privacy.
Verge is 100% POW (Proof of Work). We believe POS (Proof of Stake) systems unfairly benefit the users who have the most coins; making it so the rich get richer. This is also currently an issue with traditional fiat currencies (eg. USD).
Read the new blackpaper: https://vergecurrency.com/assets/Verge-Anonymity-Centric-CryptoCurrency.pdf
Verge implemented the Wraith protocol:
Sending and receiving addresses are impossible to decipher.
Transaction cannot be revealed by using a blockchain explorer.
IP addresses of both the sender and receiver are totally obfuscated.
There is an active community on several channals like, Slack, Reddit, Twitter, Facebook etc
Total coin supply:
The total coin supply limit is ~16.5 billion (16,555,000,000 to be exact). It is important to understand that not all of the coins have been released and are on a time-based release. ~9 billion coins were released during the first year (2014) and 1 billion more coins have been (and will be) released every year until the total supply cap has been reached.
Wallets:
They offer two types of Verge Wallets: QT and Electrum
Price (31-10-2017):
0.00472 euro
0.00552 usd
Conclusion:
Active community, active development team, very secure and anonymous cryptocurrency , low price, high volume, active roadmap, but big coin supply
What do you think? Sleeping giant or always small cap?
Nice post! I will follow you from now on. +UP
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