Verge (XVG) One of the Serious Cryptocurrency Projects AroundFebruary 24, 2020
Verge (XVG) cryptocurrency is meant for everyday use. Verge (XVG) leverages the Wraith Protocol. Originally, it was known as DogeCoinDark, rebranded to Verge in 2016.
Verge (XVG) makes use of several anonymity-centric networks like TOR and I2P. The IP addresses of users are completely obfuscated, and the transactions are completely untraceable.
TOR is used to help transact cryptocurrencies. It is used to conduct transactions and hide the IP of the User. Basically, TOR is used to anonymize connection data. It is used in TCP connections, and it can also be used for several other purposes like browsing, IRC, SSH, P2P, email, and instant messaging. The traffic that passes through the TOR network is encrypted and relayed for three times. The network consists of several thousand servers, which bounces the User’s IPs back to the servers, which is known as Tor Relays. However, TOR methods are not foolproof.
The I2P is an anonymous network that is built on the top of the network. Users can build online communities, create and access content in the network in both distributed and dynamic zone. Communication is protected, and monitoring by third parties like ISPs is resisted.
Since there are no fixed points, I2P is considered to be more secure than TOR. For each relay, TOR has two-way encrypted connections, and the I2P uses one-way connections between the servers in their tunnels.
Sydney Ifergan, the Crypto Expert, tweeted: “Verge (XVG) cryptocurrency has evolved to be much more than what it was actually meant to be. One of the serious cryptocurrency projects around. They are still growing.”
Justin Sunerock, the founder of Verge (XVG), when talking about how he launched Verge, stated, “I decided maybe I should make my project for fun… All these other guys were doing it, and they’re pre-mining and profiting from just making crap and hot air promises.”
In the past, Justin Sunerock also stated, “We are pioneers in a lot of senses. We’re the first to put I2P… We were the second to have I2P nodes. We were trying to focus on all the new aspects of privacy.”
The founder also opined that there are different opinions about what makes a great privacy coin on the blockchain. Therefore nothing can be called necessarily the best than the other. However, Verge is facilitating the required privacy with TOR and I2P. Verge has a practical reason to be valued.