Verge was released on October 9, 2014. It is abbreviated as XVG in English. It is an open source cryptocurrency (100% POW) based on Bitcoin technology. The core algorithms are Scrypt and x17. The block time is only 30 seconds and rewards are recalculated based on the total number of blocks generated. Verge coin is designed to facilitate the payment amount in daily use. The currency was launched in 2014 under the name of "Dogecoin Dark" and was renamed Verge in 2016.

Verge is a public ledger that focuses on personal privacy. This ledger is verified by blockchain technology. At its core is the establishment of a decentralized exchange supported by a global community. And keep the bitcoin network alive in its envisioned state by providing users' privacy in the distributed ledger. As an open source project, Verge's code can be viewed. Users can obtain Verge tokens by purchasing through exchanges, integrating social platform rewards, or directly using the Verge wallet app to purchase. Verge supports scrypt, X17, lyra2rev2, MYR groestl, blake2s multi-algorithm mining, so people with different types of mining machines can mine this currency.

Project Highlights

Complete anonymity and privacy first
Verge uses multiple anonymous central networks, such as TOR and i2p. User IP addresses can be confused, and transactions are completely untraceable.

Strong Community Support
Verge is not a private business raising funds through a pre-mined digital currency or Initial Coin Offering (ICO). All development and marketing is supported by thousands of community members Support.

Ultra-fast transaction
Compared with other digital currencies, the transaction speed is super fast. Simple Payment Verification (SPV) technology shortens the average transaction confirmation time to 5 seconds.

Active development team with lots of contributors
The development team is very active and always in touch with the community. You can easily contact the main developers for support or about New ideas from Verge.

Ease of Mass Adoption
Verge offers a range of secure wallets for multiple operating systems. The revolutionary Tor Android mobile wallet provides mobile anonymity, which is unique among privacy-oriented digital currencies Unique among all.

Decentralized, Open Source
Verge is a decentralized currency based on an open source platform. The currency is not controlled by a central authority.

Technical terms

1. Wraith Agreement

The Wraith Protocol is a technology that allows users to choose between public and private ledgers on the same blockchain. More details can be found on the blog and Blackpaper.

2, QT

QT is a cross-platform application and UI framework for developers using the C++ programming language. It allows developers to write code in C++ and then distribute their software to various software and hardware platforms. According to Wikipedia, the toolkit was named QT because "the letter Q looks attractive in Haavard's Emacs font, and the 't' was inspired by the X toolkit Xt.

3. QT Wallet

QT Wallet requires users to download the entire Verge blockchain to your computer. In other words, the user's computer must download a record of every Verge transaction that has ever occurred. Currently, the Verge blockchain is around 1GB and will continue to climb as more users transact. If you are using the QT wallet, make sure your device has enough additional storage to handle it. Every time you open the QT wallet, the wallet will synchronize and download the latest blockchain data to your computer. If you decide to use the QT wallet, you will most likely use it on a regular basis; or it may take an hour or more (depending on when you last opened the wallet), to download the latest blockchain update.

Application scenario

Wallet, mining pool, store

Related information:
wallet https://vergecurrency.com/wallets/