
Verge
Loading...
Market Cap
Loading...
24h Trading Vol
Loading...
All Time High
Loading...
All Time Low
Loading...
Total Supply
Loading...
Max Supply
∞
Circulating Supply
Loading...
Categories
Chains
N/AContracts

FAQs
What is Verge and how does it work?
Verge (xvg) is a digital currency created for everyday use, enhancing the original Bitcoin blockchain with a strong focus on privacy and efficiency. It operates as a Proof of Work (PoW) cryptocurrency, supported by a 100% open-source, volunteer-driven community. Verge facilitates fast, decentralized transactions globally by integrating advanced technologies such as Tor IP obfuscation and Dual-Key Stealth Addressing, ensuring user privacy and secure payments. Its commitment to mass adoption is evident in its low transaction fees and multi-platform support.
What problem does Verge solve?
Verge solves the challenge of bringing blockchain technology into everyday life by providing a secure, user-friendly, and private digital currency. It addresses the need for fast, low-cost, and decentralized transactions, offering an alternative to traditional financial systems. For businesses, Verge eliminates chargeback fraud and significantly reduces transaction costs, while for users, its privacy features like Tor and Stealth Addressing protect sensitive information. Furthermore, its ISO 20022 compliance bridges the gap between traditional finance and cryptocurrency.
What technology powers Verge?
Verge is powered by a robust Proof of Work (PoW) consensus mechanism, unique for its multi-algorithm mining support across five hash functions: Scrypt, X17, Lyra2rev2, Myr-Groestl, and Blake2s. Core to its privacy capabilities are Tor IP obfuscation, which conceals user IP addresses, and Dual-Key Stealth Addressing, which creates unique, one-time destination addresses for enhanced anonymity. The Verge blockchain also supports Atomic Swaps for peer-to-peer trading and is actively developing smart contracts via Miniscript, further expanding its utility within the crypto ecosystem.
How does Verge's privacy approach differ from coins like Monero or Zcash?
Verge implements layered privacy options rather than mandatory anonymity. Users choose between public (simple), metadata-obscured (stealth), or fully private (anonymous) transactions, whereas Monero/Zcash enforce uniform privacy. This flexibility caters to different regulatory environments while maintaining auditability. Verge achieves privacy through Tor/IPv6 obfuscation and dual-key stealth addresses without cryptographic trusted setups required by Zcash.
Can XVG be staked for rewards given its Proof-of-Work design?
No staking mechanism exists since Verge uses pure Proof-of-Work consensus. Rewards are exclusively earned through mining across its five supported algorithms. The project maintains this design to preserve decentralization and avoid token locking. Instead, users benefit from the fixed 0.1 XVG transaction fee structure regardless of network demand.
What prevents large mining pools from dominating Verge's multi-algorithm system?
Five independent mining algorithms create economic barriers to dominance. To control 51% of the network, an attacker would need to simultaneously overpower Scrypt, X17, Lyra2rev2, myr-groestl, and blake2s mining communities – a prohibitively expensive scenario. Difficulty adjusts per-algorithm, preventing hash rate migration between algorithms from destabilizing the network.
How does Verge achieve faster transactions than Bitcoin?
Three technical factors enable Verge's 5-10 second transaction times versus Bitcoin's 10 minutes: 1) 30-second block targets versus 10-minute targets, 2) Simplified transaction validation through UTXO design, and 3) No SegWit legacy constraints. The multi-algo approach maintains security despite faster blocks by requiring attacks across multiple cryptographic domains.
What utility does the XVG ERC-20 token provide beyond native chain functionality?
The XVGETH ERC-20 token enables: 1) DeFi participation on Ethereum (lending/borrowing), 2) Atomic swaps between chains, 3) Smart contract interoperability, and 4) Compatibility with ISO 20022 financial standards. It extends utility without altering the base layer, allowing Verge to access Ethereum's ecosystem while maintaining its core Bitcoin-like simplicity.