Let us start over with the users of cryptocurrencies. The two major instances promoting the usage of cryptocurrencies are investors and buyers of goods and services in deep web. Although cryptos have been developed to cater to the needs of much diverse streams by common people as well. But as of now, the most significant concerns attached with usage of cryptocurrencies are security and privacy. Now everyone knows that even the ace crypto Bitcoin is not 100% private. Even one can find the identity of any user if the trails on the blockchain are followed.
Well to meet the desired expectations of the users in this scenario, several cryptos have been developed on the fundamentals of security and privacy. Verge is among one of them offering a secure and private network.
What is Verge
Verge is the same cryptocurrency built on the blockchain platform as of bitcoin and other top cryptocurrencies. However, it has an altogether different agenda to meet than that of Bitcoin. Verge is developed with a clear focus on privacy. Verge employs multiple anonymity centric networks such as TOR and I2P. The IP addresses of the users are fully obfuscated and transactions are completely untraceable.
Benefits
Verge currency is fast, flexible, entirely private and completely anonymous, but most prominently it’s a currency built with the idea of supporting extensive mass acceptance as it scales out across the globe. Every week more and more people, companies and organizations realize the benefits and rewards of accepting Verge as a method of transaction.
Verge ($XVG) makes it possible to participate in direct low – cost transactions – swiftly, efficiently and privately, providing businesses and individuals with possibilities for sending and receiving payments in any manner they choose and for whatever they would like, instantly. With the flip of a switch, Verge offer helpful integrations and tools that enable every user to make any large – or small – scale payment transaction; publicly, privately and/or anonymously, thanks to the Wraith protocol update. Moreover, this update removes all QT wallet users off of clearnet and migrates everybody to SSL enabled Tor thereby enabling privacy for past and current users. Verge currency authorizes the people by offering them an option and control on how to switch their personal privacy.
All Verge transactions are immutable. That means, once a client has paid for a product or service, the money will get credited in your wallet. Therefore, unlike credit card payments, charges cannot be reversed.
And there is no third party – dependent waiting period, like with bank-owned payments. Contingent on the rush of the network, transaction time varies between 5 and 10 seconds. Once the payment is successful, transaction amount gets credited in your wallet and is available instantly. You can translate Verge Currency ($XVG) into fiat at the end of each transaction, at the end of each working day or according to a custom set timetable.
Tradability
Now, one of the most serious aspects of a strong and practical currency, is liquidity. Verge is one of the most liquid tradable assets available on the large exchange marketplace. Current XVG to BTC exchange rate looks quite solid. Verge stands on the 40th rank in terms of its market capitalization amounting $216 million and is trading for $0.014 per coin. Verge coin’s total circulation in market is more than 15 billion count. So there is no question of doubting its liquidity, even with comparison to Bitcoin whose circulation is around 17 million. You can buy Verge with credit card or opt for BTC to XVG exchange on CoinSwitch.
Conclusion
Verge carries the potential to address the requirements of different user groups. Well no to mention that everyone wants their privacy. So, Verge seems to be the ideal choice for all of them but it must meet the continuous changing need of technology in order to serve for long, which can only be seen in near future.
