Verg crypto-currency.

What does the company / project do?

Verge is a crypto currency built using a Bitcoin fork, but with an emphasis on privacy, which uses anonymous networks, such as TOR and i2P, to make sure that the IP addresses of its users are confusing and transactions are not completely tracked.

Like other coins, protected by confidentiality, such as DASH and Monero, it is designed to ensure the safety and privacy of crypto coin users.

We believe that true confidentiality is one of the features of cryptography, we know that bitcoyne is not truly anonymous because there is a permanent book whose addresses have been linked to each other, so all that is required is that the user can personally identify with one address (for example, via an exchange or with a delivery address), and their entire transaction history becomes publicly available.

Verge (XVG) began its life as DogeCoinDark back in 2014, making it one of the old anonymous coins when it was launched, its purpose was to be a fun anonymous digital currency, in February 2016 it was renamed Verge

Verge uses Proof of Work to secure the network, and you can use my 5 different algorithms: Scrypt, X17, Lyra2rev2, myr-groestl and blake2s, which were designed to allow as many people with different mining analysis options to have as possible equal access to earning coins.

In circulation there are 16.5 billion coins, which reduces the price of one coin, which may make it more attractive for future use as an active currency. Despite this, the currency has an impressive growth this year from $ 0.000019 in January to $ 0.0039 currently (as of August 30, 2017).

Until now, the development was impressive on Verge, when the developer maintained a detailed roadmap describing the new features, as well as the "black" paper that enters the technical details behind it. Verge has one major developer, Sunerok for the project and 10 other members.

Features

Complete anonymity and focus on user privacy
Verge uses anonymous networks, such as TOR and i2P. IP-addresses of users are hidden, because of what transactions can not be traced.

Active team of developers and many contributors
The development team is ready to cooperate with community members. Anyone can write to us and suggest their ideas.

Support from the community
Verge is not a private company that exists for the pre-mining of a coin or the proceeds from an ICO. The support of the team is its international community.

Readiness for mass implementation
Verge provides a wide range of secure wallets for multiple operating systems (OS). The revolutionary TOR Android wallet provides complete anonymity when used on mobile devices.

High transaction speed
The transaction speed of Verge is several times higher than most coins. The "Simple Payment Verification" (SPV) technology allows you to reduce transaction time to 5 seconds.

Decentralization and open source
Verge is a decentralized currency that is built on an open source platform. This is an independent project and is not under the control of government agencies or investors.

Why is privacy important?

Some people can associate coins that provide privacy protection with a "dark" network and other illegal activities, and although there is no doubt that this is the use of these types of currencies, there are other issues to consider.

Imagine, for example, that you accept payment in Crypto currencies - your entire payment history is publicly available to everyone to see it - competitors can see your cash flow, payments and exits. If you are a supplier of this business, you can also see your balance, as well as what other suppliers you work with, it can be beneficial for them in price negotiations, etc.

For the same reason, if you personally make transactions with someone online, they can see the balance of your wallet and history. For a good reason, people do not publish their private bank balances in public. If this person knows you personally or has your address (for delivery of goods, etc.). The criminal can try to steal money from you, forcing you to pass secret keys to your wallet.

Confidentiality is something that will become more important when we move forward and now begins to be taken more seriously with Ethereum, who wants to submit ZK-SNARKS for transaction verification, protecting the privacy of the user and Stratis, presenting his Breeze wallet with Tumblebit functions to ensure anonymity for bootbox users.

I sincerely believe that privacy is a fundamental human right, even though some governments will try and you believe, and that waiting for confidentiality does not mean that you are a criminal or "have something to hide."