Review on Verge by Oliwia Ciechanowska

Name: Verge
Item: Verge
Rating: 4

June 27, 2019

Verge Cryptocurrency

Verge cryptocurrency is a project that has potential and a number of factors to grow the project, in which the popularity of privacy coins, listings on multiple and big exchanges and its ongoing development. However, All cryptocurrencies that offers anonymous transactions always run the risk of becoming associated with illegal transactions. Verge also faces competitions from many other privacy cryptocurrency projects.
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This is clearly indicates that the verge coin team is well known to the existing issues within the cryptocurrencies ecosystem. They have outlined the major issues of verge project and are continuously trying to resolve them as fast as possible. However, although are some considerations that whether or not another hackers or Miners would be able to exploit the timestamp issue or not.

With this in mind, it is essential and important that you carefully research all the pros and cons of Verge as well as the factors that could influence its price moving forward before deciding whether to buy any XVG. so, i will give all pros and cons of verge in this review.
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Pros

From the formation of bitcoin, It is clear that there is huge demand among some cryptocurrency users for a cryptocurrency that provides private and anonymous transactions.
Verge cryptocurrency is listed on all major even all exchanges so, verge is accessible from everywhere.
As cryptocurrencies are growing very fast and many countries regulations are applied on cryptocurrencies. so, there will be huge demand of verge like coins by its privacy.
There are many vendors that accepts verge as payment method.
As verge transactions are anonymous so without private key of transaction nobody can see the transaction.

Cons

In privacy projects, there are many competetors of verge like Zcash and Monero are available.
Verge coin transactions are very private so, it may use for illegal activities like money laundering or black market.
Verge cryptocurrency project technology is still under development.
Supply of verge cryptocurrency is very high which is nearly 15 Billion.