Verge (XVG) has been listed on HotsCoin on February 27. Verge (XVG) is a digital currency designed for daily use and aims to provide a fast, efficient and decentralized direct transaction method. It improves the Bitcoin blockchain and provides users with a higher level of private transactions by employing Tor obfuscation and stealth transaction technology. This report will delve into Verge’s background, technical features, development history, mission, and token information. XVG is currently open for trading on HotsCoin.
Background and mission
background
Verge is a decentralized digital currency designed to be a direct transaction tool for individuals and businesses around the world. It is designed to improve the Bitcoin blockchain and make it more suitable for daily transactions.
mission
Verge's mission is to empower people around the world by integrating blockchain transactions into their daily lives. It provides a fast, efficient and secure way to transact, enabling businesses and individuals to securely send and receive payments in seconds.
Technical features
privacy protection
Verge uses Tor obfuscation and stealth transaction technology so that users’ IP addresses are protected, making it difficult to determine their geographical location. This provides a higher level of private transactions, consistent with the privacy concerns of digital currency users.
Multiple algorithms and hash functions
Verge uses proof-of-work (POW) mining principles and supports multiple algorithms and five different hash functions, including Scrypt, X17, Lyra2rev2, myr-groestl and blake2s. This diverse design helps improve the security and decentralization of the network.
Open source
Verge proudly claims that it is 100% open source. The project is run entirely by volunteer community members and enthusiasts, emphasizing its decentralized and open development model.
development path
Create and rename
Verge currency was created in 2014 and was originally named DogeCoinDark. Subsequently, it was renamed Verge Currency in 2016.
accept payment
In April 2018, adult entertainment provider MindGeek announced that it would begin accepting Verge currency as a payment option on its website network, providing support for the use of digital currencies in practical applications.
Challenges and Attacks
During April and May 2018, one of the Verge currency’s mining algorithms suffered a timestamp attack, highlighting the security challenges in the digital currency space.
Token information
Circulation and total supply
Circulating supply: 16,521,951,238 XVG
Total supply: 16,521,951,238 XVG
Fully diluted market cap: $118,838,259
Investment Outlook
Advantage
Privacy Protection: Verge’s privacy technology makes it stand out in the digital currency space, attracting privacy-conscious users.
Multi-algorithm security: The use of multi-algorithms and hash functions enhances the security and decentralization of the network.
Practical Applications: Adoption by the adult entertainment industry provides Verge with opportunities for practical applications, strengthening its position as a medium of exchange.
challenge
Security risks: Previous timestamp attacks revealed some security vulnerabilities in the network that require continued attention and improvement.
Fierce competition: In the digital currency market, especially in the privacy field, competition is fierce and continuous innovation is required to remain competitive.
future outlook
Verge has the potential to continue improving privacy and security. The success of its practical application in the adult entertainment field may encourage more industries to adopt it and increase Verge's overall recognition. The team needs to continue to focus on the development of technology while actively participating in community building and promotion activities to ensure that Verge has a place in the highly competitive digital currency market. Verge (XVG) Investment Research Report: Analysis of Digital Currency for Privacy Protection and Decentralized Transactions
Verge (XVG) has been listed on HotsCoin on February 27. Verge (XVG) is a digital currency designed for daily use and aims to provide a fast, efficient and decentralized direct transaction method. It improves the Bitcoin blockchain and provides users with a higher level of private transactions by employing Tor obfuscation and stealth transaction technology. This report will delve into Verge’s background, technical features, development history, mission, and token information. XVG is currently open for trading on HotsCoin.
Background and mission
background
Verge is a decentralized digital currency designed to be a direct transaction tool for individuals and businesses around the world. It is designed to improve the Bitcoin blockchain and make it more suitable for daily transactions.
mission
Verge's mission is to empower people around the world by integrating blockchain transactions into their daily lives. It provides a fast, efficient and secure way to transact, enabling businesses and individuals to securely send and receive payments in seconds.
Technical features
privacy protection
Verge uses Tor obfuscation and stealth transaction technology so that users’ IP addresses are protected, making it difficult to determine their geographical location. This provides a higher level of private transactions, consistent with the privacy concerns of digital currency users.
Multiple algorithms and hash functions
Verge uses proof-of-work (POW) mining principles and supports multiple algorithms and five different hash functions, including Scrypt, X17, Lyra2rev2, myr-groestl and blake2s. This diverse design helps improve the security and decentralization of the network.
Open source
Verge proudly claims that it is 100% open source. The project is run entirely by volunteer community members and enthusiasts, emphasizing its decentralized and open development model.
development path
Create and rename
Verge currency was created in 2014 and was originally named DogeCoinDark. Subsequently, it was renamed Verge Currency in 2016.
accept payment
In April 2018, adult entertainment provider MindGeek announced that it would begin accepting Verge currency as a payment option on its website network, providing support for the use of digital currencies in practical applications.
Challenges and Attacks
During April and May 2018, one of the Verge currency’s mining algorithms suffered a timestamp attack, highlighting the security challenges in the digital currency space.
Token information
Circulation and total supply
Circulating supply: 16,521,951,238 XVG
Total supply: 16,521,951,238 XVG
Fully diluted market cap: $118,838,259
Investment Outlook
Advantage
Privacy Protection: Verge’s privacy technology makes it stand out in the digital currency space, attracting privacy-conscious users.
Multi-algorithm security: The use of multi-algorithms and hash functions enhances the security and decentralization of the network.
Practical Applications: Adoption by the adult entertainment industry provides Verge with opportunities for practical applications, strengthening its position as a medium of exchange.
challenge
Security risks: Previous timestamp attacks revealed some security vulnerabilities in the network that require continued attention and improvement.
Fierce competition: In the digital currency market, especially in the privacy field, competition is fierce and continuous innovation is required to remain competitive.
future outlook
Verge has the potential to continue improving privacy and security. The success of its practical application in the adult entertainment field may encourage more industries to adopt it and increase Verge's overall recognition. The team needs to continue to focus on the development of technology while actively participating in community building and promotion activities to ensure that Verge has a place in the highly competitive digital currency market.
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