Top 6 Reasons To Buy Verge XVG
Top 6 Reasons To Buy Verge XVG. Verge is a scrypt based alternative crypto currency trying to take the popularity of both Dogecoin and Bitcoin and combine it with the anonymous features of DASH. The block time is 30 seconds and the coin operates through Proof of Work. Top 6 Reasons To Buy Verge XVG.
VERGE prides itself on being a symbol of progression in the cryptocurrency world. It is a more secure, private, and evolving cryptocurrency that is backed by bitcoin, a ton of developer resources and privacy tools (located here!)
Verge is a secure and anonymous cryptocurrency, built with a focus on privacy.
Verge is a decentralized currency designed for users who value privacy. It improves upon the original Bitcoin blockchain by using multiple anonymity-centric networks such as Tor and I2P. It utilizes multi-algorithm mining support to improve security and provide equal distribution of coins to miners.
What is Wraith Protocol?
Wraith Protocol is a technology that allows the user to seamlessly switch between public and private ledgers on the Verge Blockchain. For the first time, users are now free to choose which ledger they want to utilize. Top 6 Reasons To Buy Verge XVG. To break it down, when Wraith Protocol is turned ON — the transaction data is hidden and not visible via the blockchain explorer.
In a circumstance where transparency is required, Wraith Protocol would be turned OFF, allowing the transaction data to be viewable on the public ledger. In addition, Verge provides total obfuscation of IP addresses in both cases, thanks to the most advanced version of TOR integrated in the Core Wallet. In combination with Wraith Protocol it makes Verge the only truly untraceable cryptocurrency.
How does Wraith Protocol work in practice? As all great things in life, it’s simple. When the user initiates a transaction with the Core Wallet, the switch button is set to “ON” and the private ledger is leveraged. Set it to OFF and the public ledger is active. The process is illustrated below: