Review on Verge by Fanuel PORPORTY

Name: Verge
Item: Verge
Rating: 1

February 02, 2020

Another anonymous cryptocurrency

Verge has been designed for daily use. It aims to allow individuals and businesses to have a fast, inexpensive and fully decentralized way to conduct direct transactions while respecting the anonymity of both parties. The goal is also to be flexible with an option that allows you to choose whether to be anonymous or not. Payment can be made on a large scale between traders or in a more restrictive and private way on a small scale, everyone finds their account. This is made possible thanks to the Wraith Protocol

Verge uses several anonymously based networks like TOR and I2P. The IP addresses of users are completely obscured thanks to the Wraith Protocol. The Core QT wallet has TOR integration as well as SSL encryption which adds an extra level of security. The number of tokens is high in order to make market manipulation difficult and to make an offer accessible. In addition, the fees will remain low, unlike other cryptocurrencies like Bitcoin.

Verge has also implemented options for email transactions. You can send XVG via Telegram, Discord, Twitter or IRC. It’s very easy to send tokens using only a person’s username. A bot will process the transaction and place the funds in a waiting address. He will then send a message to the recipient with instructions on how to recover the funds. Verge isn't the only cryptocurrency to implement email payments, but it marks a great leap forward in user experience from the point of view of usability.
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Pros

It is decentralized and is not managed by any central entity such as the government or the bank. As a result, Verge users are the only ones who can control their wallet and the transactions they make on the network.
Verge is the second virtual currency to offer extraordinary confidentiality to its users. With the Waith Protocol, Verge allows total anonymization of the sender and recipient during transactions.
It also allows its users to make considerable savings on transaction costs. Indeed, each transaction costs 0.1 XVG. Verge does not put any percentage on the amounts.
Speed is also essential on the Verge network. A transaction can be processed in just 5 to 10 seconds compared to a few minutes on other blockchains on the market. Users of this virtual currency can therefore save a lot of time by choosing this network
Verge has a development team that listens to its community and does its best to meet all user needs. It is self-evolving and can be among the best on the market in a very short time.

Cons