Whereas Bitcoin succeeded in the mission of creating a decentralised cryptocurrency, Verge brings it further by making transactions completely anonymous. The currency is virtually untraceable and the users of Verge can make instant anonymous transactions.
Verge is a privacy coin aimed at improving privacy in transactions that can be used every day. Verge uses many anonymity-centric networks to maintain utmost privacy and anonymity. Transaction speeds are Ultra-Fast compared to other coins.
Verge in Short
- Current Market Cap: $2,27,18,11,818 USD.
- Circulating Supply: 14,420,905,810 XVG.
- Max Supply: 16,555,000,000 XVG.
- Current Price: $ 0.157536 USD.
- Founded: 2014 under the name “DogeCoinDark”.
Now let’s find out what the Wraith Protocol is and how it is revolutionizing the crypto world.
XVG and Wraith Protocol: What it actually means for the Verge Users?
Wraith Protocol allows its users to easily switch between Public and Private Ledgers while on the Verge Blockchain. In layman’s terms, you may turn on this Protocol to hide your Verge transactions from the blockchain i.e. everyone.
This is an amazing piece of technology, capable of providing the privacy, flexibility and security needed while using a private coin. With the release of this Protocol, Verge seems to be one of the most promising projects of 2018.
For a better understanding of Wraith Protocol, refer the image below.
( Image Credit )
Why was Verge introduced in the crypto world?
The purpose of Verge is to make private transactions more secure and provide 100% anonymity while transacting. They want to empower people around the world make payments being anonymous by introducing blockchain transactions into everyday life. They are making it possible to engage in small and large transactions quickly, efficiently and privately.
Now that we know about Verge coin, let’s find out how to buy and trade XVG in India.
How to Buy Verge (XVG) in India?
You can't buy Verge directly with INR. You need to:
- Buy Bitcoin/Etherium from pocketbits, koinex or zebpay.
- Transfer to Binance. (I use Binance because the transaction fees are reduced by 50 percent). Read more about Binance here
- Exchange BTC/Eth on Binance to Verge(XVG).
- Transfer Verge (XVG) to your choice of any Digital Wallet or let them remain in Binance.
Now that you’ve purchased Verge, let’s talk about how to store them and the various wallets that support Verge.
Storing Verge: Wallets for (XVG)
The development team at Verge have developed their own wallet known as Electrum Wallet.
When we downloaded the wallet to test it out ourselves, we encountered a settings issue.
If the server does not connect upon downloading and opening the wallet, use “220.127.116.11” as your server address and port 50001 or 50002. Uncheck the box “Use SSL” and uncheck “Auto Connect”. After this, your Wallet should work fine.
Verge, according to me, is one of the best privacy coins available. It is all set to boom in 2018 as per market research and I have added quite a bit of it to my Portfolio.
In the recent past, the price of Verge was $ 0.0087 . Today, the price is $0.1535. That's an astonishing increase by 25x!
What do you think? Is it worth investing?
Let us know in the comments section below.