Verge-The number one privacy cryptocurrency with brighter future

in #utopian-io7 years ago (edited)

verge-6ab5e734c817ef15b0ef036d9a2f1011.png

Verge is a decentralised currency designed upon the bitcoin blockchain by using multiple anonimity-centric network such as Tor and i2p. its a cryptocurrency built with a focus on privacy. verge is not a new coin, it was created in 2014 as dogecoindark and re branded to verge in Feb 2016.
many cryptocurrency uses a kind of blockchin system where your transactions can be seen but verge is among the only one among the few that has the best privacy.
WHY TOR
The Onion Router (Tor) is a server that allow people browse the internet anonymously world wide.
When you browse the internet through TOR, it changes the direction of your request between a number of different server hereby disengaging the original source of the request,. The transaction can never be traced to you.
Verge coin has been talking about the introduction of wraith protocol for the past few months now and a lot of people have been expecting it. Some didnt believe It can happen but to their disappointment it came to live.
What is wraith protocol?
First and foremost I will like to talk about BLOCKCHAIN LEDGER before going into wrath protocol itself. A BLOCKCHAIN LEDGER can be compard to a data base that record all transactions.ledger can either be hidden or public. From the inception of cryptocurrency no blockchain runs double ledger.its either you use public or hidden ledger.for example bitcoin runs a public ledger where all transactions can be seen and its link to you through blockchain explorer to your address.
This Ledger i'm talking about don’t exist together on the same block chain and this makes users choose crypto currency that has the features they are looking for when it comes to business transactions.
With these explanation of what blockchain ledger is, it will be more easy to understand wraith protocol.

WRAITH PROTOCOL is a technology that allow users to switch between public and private ledger on the verge blockchain.
HOW IT WORKS
The wraith protocol have a off and on button in the verge wallet. When turned on the data that transacts goes hidden thereby making it unseen through block chain explorer. If the other feature is required, wraith protocol will be turned off. this allows the transaction data to be seen on public ledger.
When wraith protocol is turned on the verge wallet will automatically generate stealth addresses that cannot be publicly linked to your primary verge addresses.
Wraith provides users with flexibility, choice, security, low fee, fast transaction speed, and smart contracts functionality.

Verge’s emphasis on privacy is appealing to investors—particularly in times of global political turmoil.
Verge ensures that all transactions are secured and truly anonymous
not like the case of some of the other privacy coins, Verge
lay emphasizes on ease and usability accompanied with privacy measures. Verge also offers a host of secure wallets to hike up security for its users. Among them is the Tor Android Wallet for mobile anonymity, a unique offering in the community.

verge-wraith.png!
regardless of what happens on both sides you have the protection already enabled. if you want your transaction to be placed on public ledger and you still want to have the TOR integration you can probably do that and also if you want it on the private ledger with the TOR integration its all possible.verge has given its users the right to choose what part of the ledger they dim suitable to transact with and that is the power of choice..Honestly its pretty amasing.

VERGE AS BIT COIN ALTERNATIVE
Apart from bitcoin there are several other services that has been created using same technology of block chain.one of its very few is verge,infact with the introduction of wrath protocol it has surpasses every other block chain interms of privacy and security.bitcoin still range between 13 and 15 thousand dollars after the dec 17 rocket speed to 19,666 which was as a result of the lunch of future trading by Chicago Board Of Option Exchange and CME. Many investors are finding it difficult to invest in bitcoin because of it price.far too high for potential investors. however there are more cryptocurrency to invest . many investors are starting to understand the weak parts in Bitcoin investing and trading. most especialy, the frustration with lagging transaction times might be sending these new participants to trusted coin to transact faster.
bitcoin has a block time of 10 minutes while the block time of verge is just 30 seconds. it has high speed. low charges to every transacion on verge is amazing. ability of users to use desired ledger and more secure with smart contract functionality.

RECOMMENDATION
Verge currency is what you can buy and hold.its a long term buy/hold for those who want huge income through cryptocurrency. far back July 2017, verge was listed in 8 exchanges but as of today it has increased to 18. verge can be purchased from various exchange like BITTEREX, CRYPTOPIA and host of others...check the link.....https://coinmarketcap.com/currencies/verge/#markets verge has a lot of potential and i look at it from an investment angle as its very affordable and has a brighter future.

CONCLUSION
Many people are striving for security because the digital world is increasingly intangible.the cryptocurrency world is now very competitive with many currencies available in the market. However, verge has created a platform that is characterised by reasonable features that can help investors in the cryptocurrency world.

Thanks for taking your time to read through.
site source for used images.
https://images.search.yahoo.com/search/images?p=verge+coin+logo
https://medium.com/verge-currency-xvg/what-is-the-wraith-protocol-bd1dfb289cda
https://coincodex.com/crypto/verge/



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