Verge (XVG) (formerly DogecoinDark (DOGED) is a decentralised, open-source cryptocurrency forked from Dogecoin in October 2014 and re-branded as VERGE in February 2016. The project exploited the growing popularity of the "fun" Dogecoin cryptocurrency while adding code to increase the coin's anonymity and privacy features, notably the network's ability to run on dedicated Tor nodes. Verge is a pure proof-of-work cryptocurrency that uses multiple hashing algorithms to mine new coins. The number of coins issued has been set to 9 billion during the first year and one billion per year thereafter.
Verge claims to offer anonymous transactions by obfuscating the IP address of users with Tor, making it difficult to determine the geo location of its users. Verge is an open source project that leverages the Wraith Protocol, using Tor to encrypt and hide transaction IP addresses.
Verge has a transparent ledger that allows anyone to view all of its transactions, but claims to protect user identities and locations by integrating both Tor to not expose IP addresses. Verge is not a private company funded through an ICO or pre mining.
Verge has low fees, quick transactions, high volume in circulation, and offer multi platform support these are the ingredients that makes Verge perfectly positioned for mass adoption. Verge network users are able to send and receive payments quickly, safely, efficiently and securely.
When comes to personal security, Verge gives people a choice and control. Verge offers liquidity which is most critical aspects of a strong and practical currency. Verge is one of the most liquid trad able assets available on the large exchange marketplace. Transactions on Verge are immutable. Once a client has paid for a product or service, the money is in your wallet. Unlike credit card payments, charges cannot be reversed.
Verge has no third party-dependent waiting period, like with bank-owned payments. Depending on the load of the network, transaction time varies between 5 and 10 seconds. Once payment is successful, the transaction amount is in your wallet and accessible immediately. You can convert Verge into fiat at the end of each transaction, at the end of each working day or according to a custom set schedule.