• About
  • Contact
  • Our Team
  • Privacy Policy
Newsletter
Crypto Recorder
Advertisement
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Litecoin
  • Investing
  • Ripple XRP
  • Education
  • Contact Us
    • Become a Contributor
  • Advertise With Us
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Litecoin
  • Investing
  • Ripple XRP
  • Education
  • Contact Us
    • Become a Contributor
  • Advertise With Us
No Result
View All Result
Crypto Recorder
No Result
View All Result
Home News Altcoins

Verge XVG: Redefining Privacy in the Crypto Space in 2018

John Isige by John Isige
March 27, 2018
in Altcoins, News
Digibyte DGB
7
SHARES
Share on FacebookShare on Twitter

Verge XVG Overview

Verge has had a year of up and downs where the price made it to the top in December 2017 appreciating by over 3000% in a fortnight. The early investors and the developers had a field day late last year. However, the celebrations were short-lived when Verge (XVG) began the downside roll and lost more than 90% of its value. In an effort to save the dwindling coin, the developers launched a crowdfund that would help it secure an undisclosed “partnership.” The crowdfunding campaign dubbed “the “largest partnership crypto to date!” has indeed spiked some growth in the price of XVG. The cryptocurrency has since recovered at least 40% of its value from lows of $0.03 to highs of 0.042.

Related articles

Dogecoin (DOGE)

Dogecoin (DOGE) – One of the most practical cryptos in the market

February 22, 2019
Cardano

Cardano (ADA) has proven it’s a resilient project: Good times ahead

February 21, 2019

XVG Transforming Anonymity in the Crypto Market 

On the other hand, Verge XVG has always stood out from the rest of the cryptocurrencies when it comes to privacy. Many other digital assets have been questioned over anonymity as well as centralization. Bitcoin has been in the limelight of privacy-related issues where evidence has shown that users identity can be connected to their wallet addresses.

According to the Verge website, it is a decentralized digital asset that was created to improve the original Bitcoin blockchain. The enhancement was done to ensure that anonymity remains as was envisioned when blockchain was released in 2008. Furthermore, Verge blockchain was developed to achieve faster transaction speed for personal use as well as cooperate usability.

Recently, cryptocurrencies are constantly faced with issues of privacy. The government has been known to infringe on peoples personal data both in the country and abroad. There is a need for privacy when handling individual matters. Experts are currently advising investors to shift to the more privacy-focused coins like XVG to ensure that their identities information and other vital data remain safe. Verge aims to bring flexibility and privacy to ordinary people. The company believes that in a cryptocurrency market where regulation is inevitable, anonymity is very essential. Besides, there is need to “bring blockchain transactions into everyday life”.

The multiple layers of anonymity are made possible by the use of Tor and 12p. The team say that both these platforms keep the IP addresses of users hidden. The user location is also hidden for it to achieve private transactions that are entirely untraceable. To increase the speed of transactions, Verge utilizes the Simple Payment Verification (SPV) technology. All these features work hand in hand to make the transactions private while the confirmations are completed in less than five seconds. In addition to that, the wallet used for XVG is the highly secured and privacy enabled Tor Android Wallet. This wallet grants users with topnotch anonymity and security when making transactions and storing their coins.

The Wraith Protocol on Verge XVG

This software was released in 2015 and it is known for its ability to hide IP addresses as well as transactions on blockchain when using Tor and stealth address. Users can decide to operate public or private ledgers when making transactions. Verge stands out because there are no other digital assets that give their users the opportunity to either go private or public. When the protocol is switched on, the data is hidden and makes it untraceable using the blockchain explorer. It has revelutionized the cryptocurrency anonymity in 2018.

Verge XVG has achieved more in terms of anonymity of users on the blockchain. However, the currency still has a long way to go especially if it has to compete with the top coins in the market.

Tags: cryptocurrenciesVerge (XVG)Verge blockchain
Share7TweetShare
Previous Post

Why is Ethereum Classic ETC going down?

Next Post

Bytom (BTM) tops China’s top-500 blockchain projects! Possible bull-run coming

Related Posts

Dogecoin (DOGE)
Altcoins

Dogecoin (DOGE) – One of the most practical cryptos in the market

February 22, 2019
Cardano
Altcoins

Cardano (ADA) has proven it’s a resilient project: Good times ahead

February 21, 2019
Digibyte vs Litecoin
Altcoins

Digibyte (DGB) v Litecoin (LTC) – Which one is a better investment in 2019?

February 20, 2019
Cardano
Altcoins

Ethereum (ETH) could keep rising in anticipation of ETH staking

February 18, 2019
Dogecoin
Altcoins

Dogecoin (DOGE) – Tinder could be a big deal for Dogecoin: Is this the beginning of a bull run?

February 17, 2019
Digibyte
Altcoins

Digibyte (DGB) – Digiassets testing on-going: Bright future ahead for Digibyte

February 16, 2019

Leave a Reply Cancel reply

Your email address will not be published.

No Result
View All Result





Latest News

  • Trending
  • Comments
  • Latest
Cardano

Cardano (ADA) has proven it’s a resilient project: Good times ahead

February 21, 2019
Digibyte vs Litecoin

Digibyte (DGB) v Litecoin (LTC) – Which one is a better investment in 2019?

February 20, 2019

Cardano (ADA) to hit $10 within the next one year!

January 19, 2018
Cardano

Cardano (ADA) – 4 Dlab/Emurgo projects that instill faith in Cardano: The future is bright!

February 15, 2019
Digibyte

Digibyte (DGB) – Digiassets testing on-going: Bright future ahead for Digibyte

February 16, 2019
Dogecoin

Dogecoin (DOGE) – Tinder could be a big deal for Dogecoin: Is this the beginning of a bull run?

February 17, 2019
Dogecoin (DOGE)

Dogecoin (DOGE) – One of the most practical cryptos in the market

February 22, 2019
Cardano

Cardano (ADA) has proven it’s a resilient project: Good times ahead

February 21, 2019
Digibyte vs Litecoin

Digibyte (DGB) v Litecoin (LTC) – Which one is a better investment in 2019?

February 20, 2019
Cardano

Ethereum (ETH) could keep rising in anticipation of ETH staking

February 18, 2019
Funding

The Top 7 Sources of Startup Business Funding

February 18, 2019
Dogecoin

Dogecoin (DOGE) – Tinder could be a big deal for Dogecoin: Is this the beginning of a bull run?

February 17, 2019



Crypto Recorder

CryptoRecorder.com is a Dedicated Cryptocurrency news website and writes a variety of educational articles related to smart crypto trading, bitcoin and altcoins. You will find a details article on almost every hot altcoin and unbiased analysis of coins.

Recent Posts

  • Dogecoin (DOGE) – One of the most practical cryptos in the market
  • Cardano (ADA) has proven it’s a resilient project: Good times ahead
  • Digibyte (DGB) v Litecoin (LTC) – Which one is a better investment in 2019?

Follow Us

Facebook Twitter Google+ RSS

Newsletter

© 2017 JNews – Premium WordPress news & magazine theme by Jegtheme.

  • About
  • Contact
  • Our Team
  • Privacy Policy
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Litecoin
  • Investing
  • Ripple XRP
  • Education
  • Contact Us
    • Become a Contributor
  • Advertise With Us

© 2018 Copyright CryptoRecorder.