Review on Verge by francis fernandez
VERGE: the blockchain that guarantees your privacy
VERGE is a blockchain whose purpose is to serve as a platform to carry out transactions quickly and safely; taking privacy as a premise in its use; without detriment to its functionality and easy access.
The platform's cryptocurrency is known as XVG.
How does VERGE get privacy?
To achieve the anonymity of its operations, VERGE uses the TOR and I2P protocols, responsible for blocking the IP and the user's information so that it is not sent to the servers used by it and the simple verification technology (TVS) that executes the validation of transactions within 5 seconds.
Where can XVGs be stored?
Another advantage that VERGE offers is the variety of wallets that it makes available to its users for different operating systems, such as Electrum and QT.
Another very important feature of VERGE is the convergence of five algorithms of different hashes that are connected to achieve greater security and increase the mining of users; they are also responsible for reducing the block creation time to 30 seconds.
How is VERGE mined?
Thanks to its open source design VERGE can be mined with almost any CPU. Considering the resolution of the algorithm to be used, it can be selected from a series of specialized pools.
Miners' rewards are paid in their native XVG currency as consideration for the rental of their computing power.
In this sense, interested parties can acquire the XVG coin by mining or buying in at least three exchange houses: Bittrex, Binance and Upbit.
Pros
- Offers customers privacy in their transactions.
- Allows any user to intervene in the mining process.
- It is a fast and secure platform according to its zinc technology or algorithms and its IP blocking protocols and user information.
- It serves as an ideal platform for payments due to its association with other networks such as TokenPay.
Cons
- It does not have the backing of a company for the execution of its projects.
