Review on Verge by Aniruddh Ravel

Name: Verge
Item: Verge
Rating: 5

June 18, 2019

Good potential crypto

 Verge is an open-source decentralized cryptocurrency. The Verge is considered superior to the other cryptocurrencies because it offers the users anonymous transactions by the geolocations of the users. The transactions are claimed to be untraceable even with the use of technologies such as I2P and Tor. It was originally named as DogeCoinDark when it developed in the year 2014. The name was changed to the Verge currency in 2016.

The Verge currency consists of a transparent ledger which allows the users to view all the transactions. It also claims to protect the identities of its users and the locations by integrating both I2P and Tor in order to not expose the IP addresses. The person who developed the Verge still remains unknown and goes only by the surname ‘Sunerok’.

The cryptocurrencies, particularly with the public blockchains, did not completely solve the privacy issues. It allowed anyone to view the transactions and the balances. It eventually gave rise to cryptocurrencies which focused on the privacy of the users and the Verge is one of those popular cryptocurrencies.
﻿

Pros

The cryptocurrencies with a fixed number of the mined coins provide good potential for investment in the future. The Verge has a coin supply of 16.5 billion coins and with the increase in demand for the coins, the value of the coins is expected to increase further.
Verge has been able to avoid the drop in speed of transaction which has been experienced by different cryptocurrencies. It is made possible with the help of a technology named SPV or Simple payment verification. It allows for super-fast transactions which can be processed in an average duration of 30 seconds.
Verge is an open source platform only which allows for some interactions between the Verge external community and the development team. The Verge does not operate like other companies which are privately-owned and offers its investors and the customers complete transparency.

Cons

The Verge coins can be misused for the criminal transactions.
The price of the Verge coin is highly unpredictable because of the dump policies adopted by the traders.