Published on Feb 21, 2020
Verge is a decentralized open-source cryptocurrency that offers anonymous transactions by obfuscating the IP address and geolocation of its users so that they are untraceable using technology including Tor and I2P[3]. It trades under the symbol XVG.
Verge Currency is a cryptocurrency designed for everyday use. It improves upon the original Bitcoin blockchain and aims to fulfill its initial purpose of providing individuals and businesses with a fast, efficient and decentralized way of making direct transactions while maintaining personal privacy.
Originally named DogeCoinDark when it was created in 2014, it was rebranded Verge Currency in 2016.
The price of Verge skyrocketed from under $0.01 to $0.28 in a matter of days in late December 2017.
Verge has a transparent ledger that allows anyone to view all of its transactions, but protects user identities and locations by integrating both Tor and I2P to not expose IP addresses.
Verge has adopted a different approach as compared to others to become private and anonymous.
Unlike its many peers, it doesn’t use cryptography as much to become an anonymous cryptocurrency. Instead, they use Tor and I2P network to achieve their goals.
It is so because they believe that an open ledger is something that is required by the users to verify and see where their transactions are getting received/used. They also have some other unique features such as atomic swaps or fast transactions and some of them are listed in the below infographic
