Why Verge (XVG) Is Suddenly a Crypto Darling?
Verge (XVG) is one of the fastest-rising cryptocurrencies and also one of the darlings of the cryptocurrency world that aims to make transactions fully anonymous, giving users the privacy they need. The crypto was created back in 2014 under the name DogeCoinDark, with the name subsequently changed to Verge currency last year.
Verge is a virtual currency that is untraceable and allows users to make instant, anonymous transactions. This is achieved with the use of a highly advanced blockchain technology that was created on top of services like Tor and I2P which are designed to hide user’s personal data, such as IP-addresses and geolocations.
Verge (XVG) differs from other cryptos through it being a 100% open source currency, with every member of the verge community having the ability to give full input into any decisions made about future changes.
The verge project is also designed to be very fast, with the use of ‘Simple Payment Verification’ (SPV) technology confirming transactions within seconds.
What is the current price of Verge (XVG) and how do you buy it?
As new investors, knowing the price of Verge and how to purchase it will be really helpful. Over the last few weeks, Verge has seen its price rise astronomically. Between December 12 and December 19, the price of XVG went up by 800%.
As of this writing, XVG was trading at $0.192 per coin on several exchange platforms. The official website of Verge recommends their users to purchase the XVG tokens from any reputable exchanges.
Anyone with a smartphone can purchase Verge while on the move. They can also send or receive the coins using mobile Verge wallet app
What are the risks attached?
Just like every cryptocurrency, there is a risk attached when you invest in them. Their values are very volatile as they can surge or plunge within an instant. Traders, investors, and exchange platforms are targeted by hackers and other criminals who seek to steal their crypto-cash online.
For those who wish to use direct or peer-to-peer platforms to sell and buy cryptocurrencies, extreme caution is advised.
Even though the year just started, it is expected that privacy coins like Verge (XVG) would dominate the crypto space this year.