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Verge (XVG) is the 431st largest cryptocurrency in the world by market cap, valued at $53,828,150. The current price of Verge is $0.003259, which is 4.791% higher than yesterday. Prices have ranged between $0.00323585 and $0.00308915 over the past 24 hours. All prices are listed in US dollars and accurate as of February 07, 2023 07:02 UTC.
Verge (XVG) is a decentralized cryptocurrency network with a stringent focus on security and privacy. Verge intends to allow everyday users to make blockchain transactions that are completely untraceable and invisible using its optional Wraith Protocol.
The network also supports stealth addressing, which creates a one-time address that can only be accessed by the address recipient. Much of Verge’s privacy measures are focused on obscuring IP addresses when sending and receiving funds.
Through a Tor or i2P wallet, users can quickly and easily send encrypted transactions and communications on the Verge network. This essentially involves running encrypted transactions through a chain of Tor relays in a randomly selected way. On the way, the encrypted wrapper of each transaction is only decoded just enough for a Tor relay to identify the previous link in the chain and the next one, then each relay will re-wrap the transaction before sending it on.
XVG is the native token of the Verge network and is used to execute public and private transactions.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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