Buy Verge (XVG)
What is Verge?
Verge is a decentralized, open-source cryptocurrency that focuses on privacy and anonymity. Originally launched in 2014 as DogeCoinDark, it was rebranded to Verge in 2016 to separate itself from the Dogecoin brand and make it more appealing for mass adoption. Verge allows users to execute fast and efficient transactions with enhanced anonymity through the integration of technologies like The Onion Router (TOR) and Invisible Internet Project (I2P).
How does Verge work?
Verge operates on its own independent blockchain using a Proof of Work (PoW) consensus mechanism. It supports multi-algorithm mining through five different hash functions: Scrypt, X17, Lyra2rev2, myr-groestl, and blake2s, increasing network security and decentralization. Verge enhances privacy by using dual-key stealth addressing and plans to support smart contracts via the Rootstock project, which will facilitate high-speed transactions using similar off-chain solutions as the Lightning Network.
What are the potential use cases for Verge?
Verge can be used in scenarios where privacy and anonymity are paramount, including e-commerce, online gambling, and gaming, as well as for charitable donations and political contributions. Notable partnerships include MindGeek in adult entertainment and Pundi X for point-of-sale transactions. Verge is utilized across industries like healthcare for secure billing and data exchange, and it supports subscription-based service payments through secure cloud storage systems.
What is the history of Verge?
Verge, initially launched as DogeCoinDark in 2014 by software engineer Justin "Sunerok" Valo, was rebranded to Verge in 2016. Significant milestones include the 2017 integration of the Wraith Protocol, the 2018 release of the Core wallet 4.0, and the embrace of multi-algorithm mining. Verge has encountered challenges such as several 51% attacks in 2018 and 2021. It continues to evolve with features like the ERC-20 token (XVGETH) in 2023, bolstering its privacy-centric mission and expanding market presence.
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Frequently Asked Questions (FAQs)
What is the current price of Verge (XVG)?
The Verge price is $0.01713172 AUD, representing a -13.66% from the day prior.
Where is the best place to buy Verge (XVG) in Australia?
The best place to buy Verge (XVG) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Verge (XVG) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Verge (XVG)?
The trading volume of Verge (XVG) is $32.8M AUD in the last 24hrs, representing a -13.66% from the day prior.
How can I buy Verge (XVG)?
Verge (XVG) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Verge (XVG)?
The current market cap of Verge (XVG) is $276.4M AUD.
Can I convert Verge (XVG) to cash?
Yes - With Coinstash you can convert your Verge (XVG) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Verge (XVG) are there?
The current circulating supply of Verge (XVG) is 16.5B.
Is Coinstash a safe place to buy Verge (XVG) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Verge (XVG) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.