Explore our key technology features.
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.
As time progresses this page will update as we integrate new technology onto our network.
Below, you will find a brief overview of some of the core technologies that Verge offers as of today.
Transaction speeds are ultra-fast compared to other coins.
Tor, derived from an acronym for the original software project name The Onion Router, is an IP obfuscation service which enables anonymous communication across a layered circuit based network.
Verge integrates Tor in all of our wallets, thereby eliminating any single point at which the communicating peers can be determined through network surveillance that relies upon knowing its source and destination.
Verge Currency uses Proof of Work (POW) mining principle. It is one of the few cryptocurrencies to have a multi-algorithm support.
Verge has 5 different hash functions: Scrypt, X17, Lyra2rev2, myr-groestl and blake2s. Such design allows for a more equal access. Verge is not a private company funded by pre-mined coins or an ICO.
Allowing our community to mine Verge with good technology is vital.
Atomic Swaps, or atomic cross-chain trading, is a technology that enables direct peer-to-peer trading across separate blockchains with BIP65 support and eliminates the need for trusted third parties.
Traditional centralized exchanges can be replaced by decentralized exchanges (DEX), which means you always keep your funds in your wallet and do not rely on an intermediary. By enabling Atomic Swaps capability, Verge takes a proactive step towards a decentralized future.
Dual-Key Stealth Addressing allows senders to create an unlimited number of one-time destinations addresses on behalf of the recipient without any interaction between the parties. Stealth addresses are a method by which additional obfuscation can be implemented to further protect the receiving party when transacting with Verge.
When multiple users send funds to a stealth address, rather than these transactions appearing on the blockchain as multiple payments to the same address, they instead appear as multiple payments going to different addresses.
RSK is the first open-source smart contract platform with a 2-way peg to Verge that also rewards the Verge miners via merge-mining, allowing them to actively participate in the Smart Contract revolution. RSK goal is to add value and functionality to the Verge ecosystem by enabling smart-contracts, near instant payments and higher-scalability.
RSK´s blockchain is secured by merge-mining, which means that it can achieve the same security as Verge in terms of double-spend prevention and settlement finality.
Verge is constantly moving towards mainstream adoption. Verge integration on messaging and social media platforms is an important strategic step to accomplish this goal.
With no installation required from either party, XVG coins can be sent and received over Twitter, Discord and Telegram.