One of the most impressive cryptocurrencies soaring for the past month is Verge (XVG). The digital currency has been rising over the past month and is now trading at $0.09, after being at its highest and trading at $0.13.
If you don’t know what Verge is all about, the best way to explain it is as a blockchain-based cryptocurrency with an emphasis on a completely secure and anonymous transaction platform. Just like Ripple and many other currencies, it uses multiple anonymity-centric networks in order to achieve this.
Verge was originally created in 2014 under the name DogeCoinDark (without a connection to the meme-based Dogecoin). As soon it was rebranded into Verge, it surged in less than a month. The technology is unique because of the user privacy which is held in high priority.
With the Verge coin being updated with the Wraith Protocol technology, users are able to seamlessly switch between public and private ledgers on its blockchain system. Before this, the ledgers were mutually exclusive which means that they could not co-exist on the same blockchain. However, now users are free to choose which ledger they want to use.
The blockchain system works in a simple way – once the Wraith Protocol is turned ON, the transaction data is not visible and cannot be seen via the blockchain explorer. This has given a lot of value to the Verge cryptocurrency and made it the only truly untraceable cryptocurrency.
Because of this, may experts are labeling Verge (XVG) as ‘the next Monero’. What differs though is that it is not a private company but a 100% open-source project. The best way to buy Verge is to use a list of the most reputable exchanges such as Bittrex (where buying Verge is allowed).
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