Verge Coin

Verge Coin





Judging from the level of media attention that cryptocurrencies have obtained over the last few years, there’s no doubt in my mind that they are here to stay. Bitcoin has gained the most attention
as it reaches unprecedented levels being valued at approximately $10,000 per coin, but it is not perfect. In fact one thing that has caused a bit of controversy is the worsening transaction speeds,
and this has sent many investors looking elsewhere for alternative cryptocurrencies. At one point, according to the blockchain website, the average confirmation time for bitcoin was a startling 3,564 minutes, which equates to just under 2.5 days.

As well as the transaction speed problem, there is another cause for concern for many people who like their Internet activity to remain private, and out of the hands of companies. On the surface, bitcoin might seem like an anonymous cryptocurrency but upon closer inspection it appears that it is a pseudonymous cryptocurrency. Public address which consists of a random sequence of letters and numbers represents a person’s identity, which on the surface may appear to be give the illusion that transactions are anonymous, however it is still possible to link a public address to a user.

This is where a cryptocurrency like Verge comes in and shakes things up and actually offers a high level of privacy for users. It is a peer-to-peer blockchain-based cryptocurrency that affirms its position on the issue of privacy, security and anonymity. In a world where we are persuaded to be as open as possible to let as much information flow into our lives, it creates the problem of a two-way street where being open to let information in, can also let information out.

Verge

The technology that Verge uses plays an integral part in giving it its privacy centric powers, by using a multitude of anonymity-centric networks like Tor and I2P, which are used to access the Deep Web with the benefit of being anonymous, by obscuring your IP address.

The creators of Verge have outlined a very specific goal in mind with its users, and they aim to:

“empower people around the world by bringing blockchain transactions quickly, efficiently and privately. With Verge currency, businesses and individuals have flexible options for sending and receiving payments. With a 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”

There aren’t that many virtual currencies that have the functionality and capabilities to be able to go up against giants like bitcoin, ethereum and ripple. Verge on the other hand is more than capable of putting up a good fight as well as the technology to shake the podium where the top cryptocurrencies reside. Part of what makes Verge so powerful is its Simple Payment Verification
system, which allows for confirmation speeds to be approximately 5 seconds, now when you compare that again some more established cryptos, you’ll see that Verge outweighs them all.

*Please Note, Binary Options and Forex trading can carry a high level of risk to your capital as you could lose all of your investment. These products may not be suitable for every investor, therefore ensure you understand the risks and seek independent advice. Invest only what you can afford to lose. We are NOT financial advisers and we do NOT offer financial advice.