Verge is a cryptocurrency designed for people and for everyday use. It improves upon the original Bitcoin blockchain and aims to fulfill its initial purpose of providing individuals and businesses with a fast, efficient and decentralized way of making direct transactions while maintaining your privacy.
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.
Verge Currency was created in 2014 under the name DogeCoinDark. In 2016, it was rebranded to Verge Currency.
No, it is 100% open-source software and not a private company funded through an ICO or pre-mining. Development and marketing effort is supported by thousands of community members.
There are a few different ways to get Verge (XVG) coins. The most common option is buying them on a supported exchange. Users can also tip each other on integrated social platforms (using official Verge bots). If you have an Android device, you can also take Verge on the go and send/receive coins with your mobile Verge wallet app.
No, Verge Currency was not pre-mined. The development team and contributors purchase the coins on the open market like anyone else. A premine is a funding mechanism, whereby the developers of a currency allocate a certain amount to go to a particular address before releasing it to the public.
The maximum supply is capped at 16.5 billion XVG.
Verge Currency is designed this way on purpose to allow for convenient payment amounts in everyday use. As opposed to Bitcoin, you would not have pay with 0.00004 BTC, for example. Another reason is to reduce the risk of market manipulation by making it harder to control a big portion of the total supply.
No. Since there was no pre-mine or ICO, the team does not hold a significant amount of coins to affect the coin distribution or total circulation. This is yet another reason for high total supply. However, if you feel like burning some of your own coins, please feel free to do so or donate to the team ;).
No, the total circulation is capped.
Depending on the load of the network, it varies between 5 and 10 seconds.
100 transactions per second. With RSK technology implemented that number is projected to reach 2000 transactions per second.
It is projected to be reached in 8 to 10 years at the time of writing (2017).
RSK platform is projected to be launched in December. After that Verge Currency will implement its smart contracts functionality.
Atomic Swaps Capability is utilized when trading on decentralized exchanges (DEX).
You can integrate XVG in your business by using Coinpayments or using existing APIs that can be found on GitHub. Click here for more information.
The simplest way of support is by donating to fund the development. XVG and BTC addresses can be found here. If you would like to contribute to the project in the area of software development, digital marketing, video and graphic design or any other, please fill out this form or reach out to us directly via email [email protected].
Verge is an open-source project, so all of the development work is funded by the developers and community donations. We are currently exploring other methods to fund development including opening an official Verge Merchandise Store and Multi-Algorithm Mining Pool.
We believe a blockchain should be public if it is a currency, for a wide array of reasons; most of them to protect the users of the currency. With a public blockchain, you are able to see coin distribution and how many people are using the currency.
We are on a ton of different social platforms and are very active on Twitter, Telegram, Slack, and Discord.
We have a roadmap listed on our site that usually lists items we are working on for the next month or two. We don't like to put long-term items (greater than 3 months) on our roadmap, because things change too fast in crypto to anticipate that far ahead.