Verge
Current price
$0.002523
−6.14%24h
LiveUpdated 25s ago
TodayVerge drops 6.1%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour−0.39%
- 24 hours−6.14%
- 7 days−13.27%
- 30 days−5.25%
- 1 year−56.87%
Verge's move in context
Lagging the market today
−6.14% today against −3.26% for the market as a whole, a gap of 2.9 points. Small gaps like this are common, so they don't point to anything specific.
Part of a slide
−13.3% over 7 days and −5.3% over 30 days: the recent move continues the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About Verge
Overview
Verge is a privacy-focused cryptocurrency that aims to provide secure and anonymous transactions. Launched in 2014, Verge utilizes advanced cryptographic techniques to ensure the confidentiality of its users, making it a popular choice for those who prioritize anonymity in their digital transactions. The core mission of Verge is to empower individuals by giving them more control over their finances and privacy. Distinguishing features of Verge include its multiple anonymity-centric technologies, particularly the integration of Tor and I2P, which obfuscate user IP addresses. This innovative approach sets Verge apart from other cryptocurrencies that may lack similar privacy measures.
Technical Features
Verge employs a unique combination of consensus mechanisms and security protocols to enhance its network resilience and user privacy. Utilizing the Proof-of-Work (PoW) consensus model, Verge supports multiple mining algorithms, including Scrypt, X17, Lyra2rev2, and C11. This flexibility allows users to mine using various hardware setups, promoting decentralized mining. The security model is bolstered by frequent network audits and adoption of state-of-the-art cryptographic algorithms. The network architecture of Verge consists of a robust blockchain that processes transactions quickly while maintaining low fees. Furthermore, the incorporation of Tor and I2P allows users to make transactions without revealing their IP addresses, significantly enhancing their anonymity.
Use Cases
Verge has diverse use cases that cater to different sectors of the cryptocurrency ecosystem. One of its primary applications is in decentralized financial (DeFi) systems where users require privacy during transactions. Verge can also facilitate cross-border payments, enabling quick, secure, and low-cost transactions globally. In addition, its focus on anonymity makes it suitable for use in industries where privacy is critical, such as adult entertainment, gaming, and charitable donations. Moreover, Verge has plans for expanding its functionalities to allow the development of decentralized applications (dApps), thereby enhancing its utility in smart contracts and governance frameworks.
Development Background
Initially launched as a fork of Dogecoin, Verge was rebranded from DogeCoinDark to its current name in 2016. The development has been significantly supported by a dedicated community of developers who are passionate about enhancing privacy in the digital space. Notable contributors include the core development team and numerous volunteers who have worked to implement key protocols and features. Over the years, Verge has experienced several noteworthy events, including significant partnerships and exchange listings that have bolstered its market presence and usability.
Community and Ecosystem
The Verge ecosystem is built around a vibrant community that emphasizes collaboration and innovation. Various partnerships have been established with companies and projects that recognize the value of privacy in transactions, helping to broaden its adoption. The community is actively involved in development and governance, with forums and social media platforms serving as vital channels for communication and coordination among users and developers. Additionally, a growing number of applications and services are being built around Verge, enhancing its functionality and presence in the market.
Future Potential
The future potential of Verge rests on its solid technical foundation and constantly evolving ecosystem. The team is focused on introducing new features and improvements that will push the boundaries of privacy and usability. Upcoming developments may include enhanced scalability options to support more transactions, integration of advanced smart contracts, and expanding partnerships with businesses that value user privacy. Given the increasing global emphasis on digital privacy, Verge possesses significant potential to make a substantial impact in the cryptocurrency landscape as it continues to innovate and expand its utility.
Verge market
- Position by market cap among the coins we track.
- #251
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $41.68M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.002487High $0.002697
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $0.2619
- Now 1% of itReached 24 Dec 2017 · Needs +10,279% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 16.52B XVG
- 100% of max
- Coins that exist now and can be traded.
- The most coins that can ever exist. Some coins have no limit.
- 16.52B XVG
- The most coins that can ever exist. Some coins have no limit.
Verge converter
1 Verge = $0.002523
