Verge (cryptocurrency)

Verge
Verge logo
Denominations
SymbolXVG
Development
White paperBlackpaper Verge Currency 5th edition
Initial release2014; 11 years ago (2014)
Code repositorygithub.com/vergecurrency
Developer(s)Justin Sunerok
Ledger
Block time30s
Block explorerverge-blockchain.info
Website
Websitevergecurrency.com

Verge Currency is a decentralized open-source cryptocurrency which offers various levels of private transactions. It does this by obfuscating the IP addresses of users with Tor and by leveraging stealth transactions making it difficult to determine the geolocation of its users.[1]

Verge Currency has a maximum supply capped at 16.5 billion XVG. It uses the Proof of Work (POW) mining principle with multi-algorithm support and 5 different hash functions: Scrypt, X17, Lyra2rev2, myr-groestl and blake2s.[2][3]

  1. ^ Koerhuis, Wiebe; Kechadi, Tahar; Le-Khac, Nhien-An (October 31, 2019). "Forensic analysis of privacy-oriented cryptocurrencies". Forensic Science International: Digital Investigation. 33: 200891. doi:10.1016/j.fsidi.2019.200891. S2CID 213272949.
  2. ^ Li, Jingming; Li, Nianping; Peng, Jinqing; Cui, Haijiao; Wu, Zhibin (November 14, 2018). "Energy consumption of cryptocurrency mining: A study of electricity consumption in mining cryptocurrencies". Energy. 168: 160–168. doi:10.1016/j.energy.2018.11.046. S2CID 117167104.
  3. ^ Li, Yannan; Susilo, Willy; Yang, Guomin; Yu, Yong; Du, Xiaojiang; Liu, Dongxi; Guizani, Nadra (September 2019). "Toward Privacy and Regulation in Blockchain-Based Cryptocurrencies". IEEE Network. 33 (5): 111–117. doi:10.1109/MNET.2019.1800271. ISSN 0890-8044. S2CID 86487140.

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