{"id":9112,"date":"2023-02-16T07:03:17","date_gmt":"2023-02-16T07:03:17","guid":{"rendered":"https:\/\/www.bitnovo.com\/blog\/?p=9112"},"modified":"2022-05-14T07:55:37","modified_gmt":"2022-05-14T07:55:37","slug":"what-is-verge","status":"publish","type":"post","link":"https:\/\/www.bitnovo.com\/blog\/en\/what-is-verge","title":{"rendered":"What is Verge? | Complete Guide"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Alternar tabla de contenidos\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-verge\/#history\" >History<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-verge\/#verge_the_cryptocurrency_that_is_hidden\" >Verge: the cryptocurrency that is hidden<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-verge\/#differences_between_bitcoin_and_verge\" >Differences between Bitcoin and Verge<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-verge\/#how_to_mine_xvg\" >How to mine XVG?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-verge\/#whats_the_price_of_verges_cryptocurrency\" >What\u2019s the price of Verge\u2019s cryptocurrency?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-verge\/#where_to_buy_the_verge_cryptocurrency\" >Where to buy the Verge cryptocurrency?<\/a><\/li><\/ul><\/nav><\/div>\n<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 4<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span><p>Today we will talk about what Verge is, how it works, and what benefits XVG cryptocurrency can give us.<\/p>\n<p><b>Verge is a cryptocurrency<\/b>\u00a0and its main advantages are\u00a0<b>the privacy and anonymity of the user\u00a0<\/b>who uses it. As we all know,<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/bitcoin-is-safe-anonymous\/\">\u00a0Bitcoin is not really anonymous<\/a>\u00a0and if a mixer like\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-coinjoin\/\">Coinjoin<\/a>\u00a0is not used all transactions are easily traceable.<\/p>\n<p>If someone wants to link your identity with your wallet, they can probably do so. That is why we understand why<b>\u00a0Verge is focused on offering the privacy differential<\/b>, since it uses the Tor and i2p nodes to hide the user\u2019s identity and make the transactions that are executed totally private.<\/p>\n<p>But let\u2019s review a little more in depth what Verge is. Follow me.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"history\"><\/span><strong>History<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This cryptocurrency began its history in 2014, with the name DogecoinDark and the main idea was to\u00a0<b>develop a truly anonymous virtual currency<\/b>. The founder of Verge considered that in the absence of anonymity of Bitcoin it was necessary to build a blockchain where operations<b>\u00a0could not be traced<\/b>.<\/p>\n<p>To this day,\u00a0<b>it is not known who the creator of Verge is<\/b>, as its founder has used a pseudonym. He calls himself \u201c<b>Sunerok<\/b>\u201d and has replicated the successful strategy of the creator of Bitcoin, nicknamed \u201cSatoshi Nakamoto\u201d.<\/p>\n<p>Like Sunerok, thousands of Verge users share the idea that sending and receiving money privately is a fundamental human right. For example, when you go on vacation and use your card, your bank knows where you\u2019ve been, how much money you\u2019ve spent and what you\u2019ve spent it on!<\/p>\n<h2><span class=\"ez-toc-section\" id=\"verge_the_cryptocurrency_that_is_hidden\"><\/span><strong>Verge: the cryptocurrency that is hidden<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Verge\u2019s blockchain is an\u00a0<b>open source project<\/b>, which means anyone can suggest changes and improvements. If the majority votes for a change, the changes will come true.<\/p>\n<p>In total a maximum of 16,500,000,000 XVG coins will be issued, much more than Bitcoin for example. The Verge network can process a transaction in approximately<b>\u00a030 seconds\u00a0<\/b>and with a maximum of\u00a0<b>100 transactions per second<\/b>.<\/p>\n<p>To understand\u00a0<b>how Verge works and its transactions<\/b>\u00a0let us make a comparison with\u00a0<b>Bitcoin<\/b>:<\/p>\n<p>When you send a transaction using the Bitcoin network you need an internet connection. However, when you go online, you reveal a lot of information that other people can access.<\/p>\n<p>Imagine that you want to access Instagram to check how many likes your post has. To do this, your internet provider sends a message to Instagram that from now on will have your IP address.<\/p>\n<p>If you have wi-fi at home, your IP address will always be the same and can be used to get a rough idea of where you are. The same happens when you execute a transaction in Bitcoin.<\/p>\n<p><b>Verge (XVG) works in a different way<\/b>. When you access the internet, your IP address is hidden so that no one can see it through two methods.<\/p>\n<p>On the one hand using\u00a0<b>TOR<\/b>\u00a0(The Onion Router) as an intermediary between your IP and the Verge blockchain. In simple words, what TOR does is use different servers to change your IP address and hide your true location.<\/p>\n<p>On the other hand, using\u00a0<b>I2P<\/b>\u00a0networks, which is similar to TOR but even more anonymous as it works with individual paths (it\u2019s like listening to a phone conversation in which you can only hear a part of it).<\/p>\n<h2><span class=\"ez-toc-section\" id=\"differences_between_bitcoin_and_verge\"><\/span><strong>Differences between Bitcoin and Verge<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This graph helps us to better understand what is XVG and what are its differences with BTC:<\/p>\n<div id=\"image_1051698529\" class=\"img has-hover x md-x lg-x y md-y lg-y\">\n<div class=\"img-inner dark\"><img fetchpriority=\"high\" decoding=\"async\" class=\"attachment-large size-large lazyloaded\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/11\/what-is-verge-1-1024x783.jpg\" sizes=\"(max-width: 1020px) 100vw, 1020px\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/11\/what-is-verge-1-1024x783.jpg 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/11\/what-is-verge-1-300x229.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/11\/what-is-verge-1-768x587.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/11\/what-is-verge-1.jpg 1082w\" alt=\"what is verge Bitnovo\" width=\"1020\" height=\"780\" data-srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/11\/what-is-verge-1-1024x783.jpg 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/11\/what-is-verge-1-300x229.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/11\/what-is-verge-1-768x587.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/11\/what-is-verge-1.jpg 1082w\" data-src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/11\/what-is-verge-1-1024x783.jpg\" data-sizes=\"(max-width: 1020px) 100vw, 1020px\" \/><\/div>\n<\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"how_to_mine_xvg\"><\/span><strong>How to mine XVG?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>If you want to know how to mine Verge, I will explain\u00a0<b>how XVG mining works<\/b>\u00a0and why it is different from\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/how-to-mine-ethereum\/\">Ethereum mining<\/a>\u00a0or\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/how-to-mine-dash\/\">Dash mining<\/a>\u00a0even though they all use blockchain technology.<\/p>\n<p>One of the most important features of Verge mining is that it uses\u00a0<b>five different mining algorithms<\/b>:<\/p>\n<ul>\n<li>Scrypt<\/li>\n<li>X17<\/li>\n<li>Lyra2rev2<\/li>\n<li>Myr-groestl<\/li>\n<li>Blake2s<\/li>\n<\/ul>\n<p>Verge Coin is a cryptocurrency with very low fees, high-speed transactions, high volume of circulation, cross-platform support and the Wraith protocol. All these features make it an\u00a0<b>ideal cryptocurrency for mass adoption in the future<\/b>\u00a0and this is why many people are currently choosing XVG mining.<\/p>\n<p>In addition Verge (XVG) is a digital currency that can be mined efficiently with the GPU (Graphics Processing Unit\/graphics cards) and ASIC miners (Application-specific Integrated Circuits).<\/p>\n<h2><span class=\"ez-toc-section\" id=\"whats_the_price_of_verges_cryptocurrency\"><\/span><strong>What\u2019s the price of Verge\u2019s cryptocurrency?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Currently\u00a0<b>the price of XVG is USD 0.03 per unit<\/b>. This could be a very good time to buy considering that it is a cryptocurrency that has reached a maximum price of USD 0.300588 in December 2017 (during the escalation of all cryptocurrencies).<\/p>\n<p>This means that\u00a0<b>the potential of this cryptoactive is huge<\/b>\u00a0and it would not be strange for its price to return to the levels of 2017 and its ATH (all time high).<\/p>\n<p>If you want to know how to buy Verge (XVG), let\u2019s move on to the next paragraph.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"where_to_buy_the_verge_cryptocurrency\"><\/span><strong>Where to buy the Verge cryptocurrency?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>It is normal that at this point you wonder\u00a0<b>where to buy XVG<\/b>, Verge\u2019s cryptocurrency, and let me tell you that you have it very easy. At Bitnovo you can\u00a0<a href=\"https:\/\/www.bitnovo.com\/buy-verge-online-en\"><b>buy Verge online<\/b><\/a>\u00a0in a very simple and fast way. Our website is designed so that\u00a0<b>even the most beginners can do it<\/b>.<\/p>\n<p>You simply have to\u00a0<b>click on the link in the previous paragraph\u00a0<\/b>and there you will see a panel that will automatically calculate how much you will receive in XVG cryptocurrency depending on the amount of Euros you want to exchange.<\/p>\n<div id=\"image_1388149967\" class=\"img has-hover x md-x lg-x y md-y lg-y\">\n<div class=\"img-inner dark\"><img decoding=\"async\" class=\"attachment-large size-large lazyloaded\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/11\/where-to-buy-verge-1024x605.jpg\" sizes=\"(max-width: 1020px) 100vw, 1020px\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/11\/where-to-buy-verge-1024x605.jpg 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/11\/where-to-buy-verge-300x177.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/11\/where-to-buy-verge-768x453.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/11\/where-to-buy-verge.jpg 1345w\" alt=\"where to buy verge Bitnovo\" width=\"1020\" height=\"603\" data-srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/11\/where-to-buy-verge-1024x605.jpg 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/11\/where-to-buy-verge-300x177.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/11\/where-to-buy-verge-768x453.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/11\/where-to-buy-verge.jpg 1345w\" data-src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/11\/where-to-buy-verge-1024x605.jpg\" data-sizes=\"(max-width: 1020px) 100vw, 1020px\" \/><\/div>\n<\/div>\n<p>Once you have chosen the amount, we will ask you about your of\u00a0<b>payment method<\/b>\u00a0(such as buying verge with a credit card, buying verge with a bank transfer, etc). You will see that it is a very intuitive process that will allow you to\u00a0<b>have your XVG available in a matter of minutes<\/b>.<\/p>\n<p>Remember that you can also buy Verge in cash, with our\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/this-christmas-give-cryptocurrencies-with-bitnovo-gift-cards\/\">coupons redeemable for cryptocurrencies<\/a>\u00a0that you can get in more than 40,000 stores throughout Europe.<\/p>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 4<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span>Today we will talk about what Verge is, how it works, and what benefits XVG cryptocurrency can give us. Verge is a cryptocurrency\u00a0and its main advantages are\u00a0the privacy and anonymity of the user\u00a0who uses it. As we all know,\u00a0Bitcoin is not really anonymous\u00a0and if a mixer like\u00a0Coinjoin\u00a0is not used all transactions are easily traceable. If [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":8340,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9112","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-criptomonedas"],"_links":{"self":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/9112","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/comments?post=9112"}],"version-history":[{"count":0,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/9112\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media\/8340"}],"wp:attachment":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media?parent=9112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/categories?post=9112"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/tags?post=9112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}