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.