Review on Verge by Supertuck Cyclist
About Verge
Verge was first published in 2014 by a developer named "Sunerok". The first name of the project was Dogecoin Dark, but because its name resembles the web, the founders decided to change it.
Sunerok thought that Bitcoin was not anonymous enough, so he decided to launch the Verge. So he decided to design a blockchain where people can send and receive money privately.
For example, when we send money with Bitcoin, you can get information about transaction dates and account balance even if the public address does not show an identity.
The situation is different with the Verge. All information is hidden. Thus, every transaction becomes completely untraceable.I think this is a really nice thing.
With the Wrath Protocol, which the Verge team is currently working on, all transaction information is hidden, except for the amount sent.
The best real-life example of this would be spending cash in the supermarket. When you give the money, the transaction is complete. No record of who made a purchase is kept. I guess that's what the Verge wants to achieve.
Pros
- Transaction speed and fees are low
Cons
- none
