Verge (XVG) - the first "Privacy as a Choice" cryptocurrency with Wraith Protocol.

in #vergecurrency7 years ago

Verge is a secure and anonymous cryptocurrency, built with a focus on privacy.

Mission

Our mission is to empower people around the world by bringing blockchain transactions into everyday life. Verge currency makes it possible to engage in direct transactions quickly, efficiently and privately. With Verge currency, businesses and individuals have flexible options for sending and receiving payments. With the flip of a switch, we offer helpful integrations and tools that enable them to handle large-scale transactions between merchants and small scale private payments.

What is Wraith Protocol?

Up until now, public and private ledgers are mutually exclusive alternatives, meaning they cannot coexist on the same blockchain. Fortunately, there is now a solution that takes the best of both worlds and combines them into the most valuable asset: choice. This solution is called Wraith Protocol™, which is a part of the upcoming Core Wallet
4.0 release by Verge. With Wraith Protocol™, users are free to choose which ledger they want to transact across (private or public) making it as easy as pressing a switch button.

With the Wraith Protocol™ switched on, transactions cannot be publicly linked to either the sender or receiver addresses from which they were derived. This is achieved through a system of cryptography known as Elliptic Curve. When Wraith Protocol™ is off, the transaction is recorded in the public ledger and can be found with a blockchain explorer, similarly to Bitcoin’s blockchain.

In addition, Verge provides total obfuscation of IP addresses thanks to the most advanced version of TOR integrated in its wallets. In combination, Wraith Protocol™ makes Verge the only truly untraceable cryptocurrency. You can even purchase it through an Atomic Swap enabled by the implementation of BIP65 on the Verge blockchain, thereby optionally eliminating trusted third parties. This effectively allows for the conversion of any traceable currency into untraceable Verge.

Read the full press release about Wraith Protocol here.

Let the world hear about Verge!

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