Verge Price
XVG
How Much is 1 Verge (XVG)
Convert XVG to your currency
Last Updated on Dec 05, 2025 05:58 AM
What is Verge?
About the coin
Verge coin began its journey in the cryptocurrency world in 2014 under the name DogecoinDark. It was created with the aim of establishing a truly private cryptocurrency. The founder of Verge believed that Bitcoin lacked anonymity, prompting the development of a new blockchain where transactions could not be traced. Verge employs multiple anonymity-centric networks such as TOR and I2P, ensuring that users' IP addresses are fully obfuscated. The Core QT wallet integrates TOR and SSL encryption, adding an extra layer of security.
Main features
Verge is an open-source project with a global team of active developers who maintain close contact with the community. Unlike private companies funded through ICOs or premining, Verge is community-driven. The Wraith Protocol is a significant technology upgrade that allows users to send and receive payments privately on the Verge blockchain by enabling stealth addressing services. This update also migrates QT wallet users to SSL-enabled Tor, enhancing security.
How it works
Verge focuses on security and user anonymity, similar to Monero, which is a key advantage. The integration of Wraith Protocol technology allows users to switch effortlessly between private and public ledgers on the Verge blockchain. Previously, private and public ledgers were mutually exclusive, but now users can choose their preferred ledger. When the Wraith Protocol is activated, transaction data becomes invisible, even to blockchain explorers. Verge also obscures IP addresses in both instances, making it an undetectable cryptocurrency.
Transaction speed on Verge is exceptionally fast, taking only 5 seconds using Simple Payment Verification technology. Verge maintains a community-oriented approach, with community members influencing the direction of its technology. It offers secure mobile wallets, including the Tor Android Wallet, providing mobile anonymity, a significant advantage over Bitcoin.
Verge supports five different Proof-of-Work algorithms for mining: Lyra2rev2, Scrypt, X17, blake2s, and myr-groestl. This variety promotes inclusion, allowing a broader range of users to mine and influence the network. If one algorithm requires more resources, users can switch to another, ensuring flexibility and accessibility.
Tangem supports networks for Verge
Temporarily not supported
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Verge FAQ
- Owning cryptocurrency can be important for several reasons: it provides a decentralized way to store and transfer value, offers potential for investment growth, enables participation in emerging financial technologies, and can be used for secure and private transactions.
- A cryptocurrency wallet is a tool or device that allows you to store, manage, and use your cryptocurrency. It keeps your private keys secure and enables you to interact with various blockchain networks, including Bitcoin and Ethereum.
- When choosing a cryptocurrency wallet, consider factors such as security, ease of use, and cryptocurrencies supported. Also determine whether you prefer a hardware or software wallets. Research reviews and compare features to find the best option for your needs.
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