Verge (XVG)

Verge cryptocurrency (XVG)

What is the Verge cryptocurrency?

In 2017, a huge number of cryptocurrencies appeared. Moreover, it became fashionable to create them. On this background, coins that appeared long before the crypto boom are particularly valuable. For example, Verge (XVG). It appeared in 2014, although it became famous only three years later.

Verge coin mining is available. The most effective equipment is considered ASIC-miner Antminer L3. It is recommended to use the Lyra2REv2 algorithm for mining on conventional rigs. It works with graphics cards from both AMD and Nvidia.

What are the advantages of the Verge crypto?

  • Strictly limited emission. The are only 16.5 million cryptocoins, of which 14 million are in the turnover now. This protects the cryptocurrency from inflation.

  • Absolute safety. The creators of XVG used Tor, i2P and Wraith Protocol algorithms. The cryptocurrency provides multi-layer encryption, making transactions untraceable. That is, investing in the Verge coin is safe.

  • Fast financial transactions. SVP technology was used to speed up transactions. This allowed to speed up the process up to 5 seconds. The network is capable of carrying out up to 100 financial transactions per minute.

  • Relatively simple mining. The developers have provided five algorithms for mining XVG. The mechanism of consensus Proof-of-Work was used. A reward for a block found is 12.5 thousand coins.

Where to store the Verge cryptocurrency?

XVG is supported by various multi-currency wallets. By the way, you can store the coin in a specially designed Verge cryptocurrency wallet. Download the desktop and mobile version on the official website of the project. You will find three types of wallets, of which only Tor Wallet is adapted for Android. To install the repository, you must download the installation file. On the PC, it is downloaded as an archive (.zip), for Android it is in extension .apk. After installation, it remains only to go through the registration procedure, come up with a username and password. After that, you can use the wallet.

How to buy the Verge cryptocurrency?

You can buy the Verge cryptocurrency on most well-known crypto-exchanges. However, most often the cryptocurrency is traded only in pairs with BTC and ETH. In particular, it can be found on Binance, Upbit, HitBTC, Bittrex, Cryptopia. If you want to buy the Verge coin for USD, go to Yobit or SouthXchange. To see the current Verge cryptocurrency price, you can visit Coinmarketcap.

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Read more about XVG price prediction 2020.