Project Overview
Verge was released on October 9, 2014, and the English abbreviation is XVG. It is an open source cryptocurrency (100% POW) based on Bitcoin technology. The core algorithms are Scrypt and x17. The block time is only 30 seconds, and the reward is recalculated based on the total number of blocks generated. The Verge coin is designed to facilitate the payment amount in daily use. The coin was launched in 2014 under the name of "Dogecoin Dark" and was renamed Verge in 2016.
Verge is a public ledger that focuses on personal privacy, which is verified by blockchain technology. At its core is the creation of a decentralized exchange backed by a global community. And keep the Bitcoin network alive in its envisaged state by providing user privacy in the distributed ledger. Verge is an open source project, and its code can be viewed. Users can obtain Verge tokens through exchange purchases, integrated social platform rewards, or direct purchases using the Verge wallet app. Verge supports scrypt, X17, lyra2rev2, MYR groestl, blake2s multi-algorithm mining, so people with different types of mining machines can mine this currency.
Project Highlights
Complete anonymity and privacy first
Verge uses multiple anonymity center networks, such as TOR and i2p. User IP addresses can be confused and transactions are completely untraceable.
Community Support
Verge is not a private enterprise raising funds through a pre-mined digital currency or initial coin offering (ICO). All development and marketing by thousands of communities Member support.
Super fast transaction
Compared to other digital currencies, the transaction speed is super fast. Simple Payment Verification (SPV) technology reduces the average transaction confirmation time to 5 seconds.
p>Active development team with a large number of contributors
The development team is very active and always in close contact with the community. You can easily reach the main developers for support or about the Verge
Ease of Mass Adoption
Verge offers a range of secure wallets for multiple operating systems. The revolutionary Tor Android mobile wallet provides mobile anonymity, which is built around privacy It is unique among the many digital currencies that are oriented.
Decentralized, open source
Verge is a decentralized currency based on an open source platform. The currency is not centrally controlled.
Terms
Wraith Protocol is a technology that allows users to choose between public and private ledgers on the same blockchain. More details can be found on the blog and on Blackpaper.
QT is a cross-platform application and UI framework for developers using the C++ programming language. It allows developers to write code in C++ and then distribute their software to various software and hardware platforms. According to Wikipedia, the kit was named QT because "the letter Q looks attractive in Haavard's Emacs font, while the 't' is inspired by the X kit Xt.
QT Wallet The user is required to download the entire Verge blockchain to your computer. In other words, the user's computer must download a record of every Verge transaction that has ever occurred. Currently, the Verge blockchain is about 1GB and will be added as more User transactions continue to climb. If you are using a QT wallet, make sure your device has enough extra storage to handle it. Every time you open a QT wallet, the wallet will sync and download the latest blockchain data to you computer. If you decide to use the QT wallet, you will most likely use it regularly; or it may take an hour or more (depending on when you last opened the wallet) to download the latest blockchain update.
Application scenarios
Wallets, mining pools, stores
