Verge (XVG): how it works, supply and reviews
In short
- Type
- Own proof-of-work blockchain (Layer 1)
- Maximum supply
- 16,521,951,238 XVG (about 16.5 billion)
- Risks and caveats
- The project shipped a chain fork and a time-warp patch in 2018 and re-org prevention in 2021; the current 6-block re-org limit is not a guarantee against mining attacks.
- Checked
- 31 October 2026
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Key facts
- Ticker
- XVG
- Official site
- vergecurrency.com
Key facts checked on 31 October 2026 against official sources.
What is Verge
Verge (XVG) is an open-source proof-of-work cryptocurrency for everyday payments, created in 2014 as DogeCoinDark and renamed Verge in 2016. It is mined with five hashing algorithms, has a capped supply of about 16.5 billion XVG, and its wallets route traffic over Tor. It is run by volunteers, with no company, pre-mine or ICO.
Network and consensus
| Parameter | Details |
|---|---|
| Type | Own proof-of-work blockchain (Layer 1) |
| Consensus | Proof of work with five algorithms: Scrypt, X17, Lyra2rev2, myr-groestl and blake2s |
| Block time | 30 seconds |
| Privacy | Tor in all official wallets to hide users' IP addresses; optional dual-key stealth addresses; the ledger itself is public |
| Reorganisation limit | Current nodes refuse automatic chain switches deeper than 6 blocks; the project says this is not finality |
| Smart contracts | Not available; listed as under development (Miniscript) |
Supply and issuance
| Parameter | Details |
|---|---|
| Maximum supply | 16,521,951,238 XVG (about 16.5 billion) |
| Initial distribution | No pre-mine and no ICO |
| Issuance | Block reward falls in steps and reaches 0 from block 7,200,001 |
| Transaction fee | 0.1 XVG per kB (as of 31 October 2026) |
What XVG is used for
- XVG is used as a payment currency and to pay network transaction fees.
- XVG pays for Verge Secure Messaging, encrypted wallet-to-wallet messages added in Verge Core v26.7.
Who develops and governs Verge
- Developer
- Volunteer open-source community; no company behind the coin
- Funding
- Developers and community donations, plus a merchandise store and instant exchange
- Open source
- Source code on GitHub (vergecurrency/verge)
History
| Date | Event |
|---|---|
| 2014 | Created as DogeCoinDark. |
| 2016 | Rebranded to Verge Currency. |
| 7 April 2018 | Release 4.0.2 forks the chain to change how blocks are accepted from block 2,042,000. |
| 25 May 2018 | Release 4.0.2a is patched to prevent time-warp attacks. |
| 14 November 2019 | Verge Core v6.0.0 hard fork adds a new halving schedule after block 3.7 million. |
| 24 February 2021 | Verge Core v7.0.0 adds re-org prevention and checkpoints. |
| 6 July 2026 | Verge Core v26.7 launches encrypted secure messaging. |
Security and audits
- Open-source code on GitHub; official binaries should only be downloaded from the official site or GitHub.
- Wallets route network traffic over Tor; the blockchain itself is public, so amounts and addresses are visible.
- In 2018 the project shipped a fork release and a patch against time-warp attacks; in 2021 it added re-org prevention and checkpoints.
Security incidents
| Date | What happened | Source |
|---|---|---|
| 7 April 2018 | Exploit: Release 4.0.2 forked the chain to change how blocks are accepted from block 2,042,000. The release note gives no cause or loss figure. Funds returned: not stated | github.com |
| 25 May 2018 | Exploit: Release 4.0.2a patched the node software to prevent time-warp attacks. The release note gives no loss figure. Funds returned: not stated | github.com |
| 24 February 2021 | Exploit: Verge Core v7.0.0 added re-org prevention and checkpoints and raised the minimum protocol version. The release note gives no cause or loss figure. Funds returned: not stated | github.com |
Risks and caveats
- The project shipped a chain fork and a time-warp patch in 2018 and re-org prevention in 2021; the current 6-block re-org limit is not a guarantee against mining attacks.
- Tor hides IP addresses, but the ledger is public, so transactions can still be traced on-chain.
- No company or foundation is responsible for the project; development depends on volunteers and donations.
Official links
- Website: vergecurrency.com
- Source code: github.com/vergecurrency/verge
- Whitepaper: vergecurrency.com/static/blackpaper/verge-blackpaper-v5.0.pdf
- Block explorer: verge-blockchain.info
- Blog: vergecurrency.com/milestones
Questions and answers
What is Verge (XVG)?
Verge is an open-source proof-of-work cryptocurrency for everyday payments, created in 2014 as DogeCoinDark and renamed in 2016.
What is the maximum supply of Verge?
The supply is capped at 16,521,951,238 XVG, about 16.5 billion. There was no pre-mine and no ICO.
Is Verge anonymous?
Verge wallets use Tor to hide IP addresses and support stealth addresses, but the blockchain is public, so transactions remain visible on-chain.
Was Verge hacked?
Verge shipped a chain fork release (April 2018), a patch against time-warp attacks (May 2018) and re-org prevention with checkpoints (February 2021). Its release notes give no loss figures.
Who runs Verge?
A volunteer open-source community. There is no company, and development is funded by developers and donations.
Sources
- Verge - FAQ
- Verge - Mining FAQ
- Verge - Key tech
- Verge - Milestones
- Verge - GitHub repository (README)
- Verge - GitHub releases
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