I thought I'd write a little about Verge which is one of my top crypto picks for 2018. Verge is a secure and anonymous cryptocurrency, built with a focus on privacy.
Verge uses multiple anonymity-centric networks such as Tor and I2P. The IP addresses of the users are obfuscated and the transactions are completely untraceable.
Verge has ulta fast transactions through use of simple payment verification (SPV) which allows confirmation times to drop to around 5 seconds.
Its a decentralised currency and based on an open sourced platform.
Verge has had a great few days growing over 120% in market cap.
John Mcafee contributed to the recent rise when he tweeted this message;
"I am inundated by people asking me for recommendations on cryptocurrencies. If you would use your heads you would figure out that the privacy coins (anonymous transactions) will have the greatest future. Coins like Monero (XMR), Verge (XVG), or Zcash (ZEC) cannot lose."
Source: John McAfee (@officialmcafee) December 13, 2017
At the current price of $0.04 this is one to accumulate and hold.
When the Wraith protocol is implemented expect this cryptocurrency to soar.
What is Wraith Protocol?
Wraith Protocol is a technology that allows the user to seamlessly switch between public and private ledgers on the Verge Blockchain. For the first time, users are now free to choose which ledger they want to utilize.
To break it down, when Wraith Protocol is turned ON — the transaction data is hidden and not visible via the blockchain explorer.
Sources:
www.vergecurrency.com
www.medium.com
How much is the fee?
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0.1 XVG
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Thats a lot. But privacy isn't free.
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