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Verge(XVG) coin issuance price, total amount and white paper introduction

Verge Coin, launched in 2014 with an ICO price of $0.000005, offers privacy enhancements like Tor integration and Stealth Addresses for enhanced anonymity and security.

Jan 01, 2025 at 11:55 am

Verge (XVG) Coin Issuance Price, Total Amount, and White Paper Introduction

Key Points:

XVG issuance price at the initial coin offering (ICO)
Total supply of XVG
Key features highlighted in the Verge white paper
Privacy enhancements implemented by Verge
Anonymity and security benefits of Verge technology

Verge Coin Issuance Price

XVG was launched in 2014 with an ICO price of $0.000005 per coin.
The ICO raised approximately 39 bitcoins, equivalent to around $10,000 at the time.

Total Amount of XVG

The total supply of XVG is 16.5 billion coins.
Of this, approximately 11.1 billion coins are currently in circulation.

Verge White Paper Introduction

The Verge white paper outlines the following key features:

Privacy: Verge utilizes anonymization technologies such as Tor and Stealth Addresses to enhance privacy.
Decentralization: XVG is built on a decentralized blockchain, ensuring that no single entity controls the network.
Scalability: The Verge network boasts fast transaction speeds and low fees.

Privacy Enhancements

Tor Integration: Verge integrates with the Tor network, anonymizing IP addresses and making it difficult to trace transactions.
Stealth Addresses: Stealth addresses hide the recipient's address, increasing privacy for both parties involved in a transaction.
RingCT: RingCT (Ring Confidential Transactions) conceals transaction amounts, providing additional anonymity.

Anonymity and Security Benefits

Enhanced Privacy: Verge's privacy features make it ideal for users concerned about their anonymity.
Improved Security: The decentralized nature of the Verge blockchain and its anonymity enhancements protect against censorship and hacking.
Regulatory Compliance: By enhancing privacy, Verge allows users to comply with regulations that require data protection.

FAQs

Q: Why was Verge created?
A: Verge was created to provide a privacy-focused cryptocurrency that addresses the lack of anonymity in traditional blockchains.

Q: How can I purchase XVG?
A: XVG can be purchased on various cryptocurrency exchanges, such as Binance, Huobi Global, and KuCoin.

Q: What are the advantages of using Verge over other cryptocurrencies?
A: Verge offers enhanced privacy, anonymity, and security features that cater to users seeking a more private and secure cryptocurrency experience.

Q: What are the limitations of Verge?
A: Verge currently has a relatively low adoption rate and may not be as widely accepted as other major cryptocurrencies.

Q: What is the future potential of XVG?
A: The future potential of XVG depends on factors such as the adoption of privacy-enhancing technologies, regulatory developments, and the overall growth of the cryptocurrency market.

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