After their latest release that incorporated TOR into their blockchain, VergeCoin is announcing a hard fork to their coin.Verge is a secure and anonymous cryptocurrency, built with a focus on privacy. They are a cryptocurrency altcoin designed for everyday use. It improves upon the original Bitcoin blockchain and aims to fulfill its initial purpose of providing individuals and businesses with a fast, efficient and decentralized way of making direct transactions while maintaining personal 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 is not a private company funded by pre-mined coins or ICO's. All of the development and marketing is supported by the thousands of members of the community.
Major digital currencies bitcoin and ethereum over the past one months have witnessed decreased transaction speed due to the strains on their system. Verge has avoided that by using uses ‘Simple Payment Verification’ (SPV) technology as it helps keep the confirmation period to an average of just 5 seconds.
Verge (XVG) built their digital currency based on policies like ultra-transparency and openness. In contrast to several blockchain-based cryptocurrencies/projects, verge isn’t a private company that gets its funds from some pre-mined tokens. It is designed as an open source platform, with their development team maintaining an open-contact policy with the thousands of members of the Verge community to contact, support and roll out new ideas regarding the verge network.
The token of verge XVG began 2017 trading at $0.000019 and had a market cap of $246,300. Fast forward 12 months later and the currency is trading at $0.08 per coin on the 23rd, and a market cap of $1.2 billion.
At the beginning of December, XVG was valued at roughly $0.0055, with the price surging to $0.085 weeks after that, with the currency hitting an all-time high of $0.269 a few weeks ago. The price of XVG had experienced an increase of 2740% from $0.006 at the beginning of December.
In a recent tweet, Verge announced a hard fork on block 1,824,150. This will enable stealth transcations to run smoother. Hard forks have been a catalyst in rising coin prices like NXT and ZCL coins. It is expected for XVG to gained higher visibility in partnerships in the near term future.Media Contact
Company Name: Verge
Contact Person: John Creed
Email: Send Email
Phone: (305) 209-4789
Country: United States
Website: vergecurrency.com
Source: www.abnewswire.com
