Verge

Verge is a privacy-focused cryptocurrency that aims to keep transactions anonymous and untraceable using technology including Tor and I2P while allowing for high throughput and fast confirmation times. Verge uses multiple anonymity-centric networks such as TOR and I2P. The IP addresses of the users are fully obfuscated and transactions are untraceable.
Share:
Price
Basic
Announcement Date:
2014-05-01
Initial release:
2016-05-05
Hash function:
Scrypt, X17, Lyra2rev2, myr-groestl
Smart Contract Support:
No
Consensus Mechanism:
Proof of Work
Development Community:
Pseudonymous
Verge101

What is Verge?

Verge is a privacy-focused cryptocurrency that aims to keep transactions anonymous and untraceable using technology including Tor and I2P while allowing for high throughput and fast confirmation times. The project is entirely open source and community led. There is no company or foundation behind Verge.

The coin originally began as DogeCoinDark in 2014. In February 2016, wanting to distance themselves from both the Doge meme and the “dark” connotation, DogeCoinDark rebranded to Verge.

 

How does Verge work?

Verge uses multiple anonymity-centric networks such as TOR and I2P. The IP addresses of the users are fully obfuscated and transactions are untraceable.

One key feature of Verge Coin is its Wraith Protocol. The Wraith Protocol allows users to choose between public and private blockchain transactions, while staying anonymous in both cases. Wraith Protocol claims that it allows for complete anonymity to be maintained while providing a safe and secure method of sending and receiving Verge coins without transactions being traceable on a publicly accessible ledger. Public transactions would provide transparency and speed. Private blockchain transactions wouldn’t be publicly reviewable at all. The intention is to route the private transactions using stealth addresses routed through Tor. Stealth addresses send funds to one-time use addresses. Only the recipient can identify and redeem funds sent to a stealth address. In January 2018 the Wraith Protocol was released but there were reports that the protocol is not working with IP addresses leakage.

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