What is XVG? XVG coin issue price, total amount and white paper introduction

Verge (XVG) boasts enhanced privacy through Tor, I2P, and Stealth Addresses, aiming for secure and anonymous transactions while offering fast, low-fee, and scalable features on its blockchain.

Oct 05, 2024 at 11:48 pm

Understanding XVG: History, Price, and White Paper

1. What is XVG?

XVG is the native cryptocurrency of the Verge (XVG) blockchain, a privacy-focused cryptocurrency project launched in 2014. It enables secure and anonymous transactions by leveraging multiple privacy-enhancing technologies.

2. XVG Coin Issue Price and Total Supply

• Issue Price: N/A (Not offered through an initial coin offering)
• Total Supply: Unlimited

3. XVG White Paper

The XVG white paper, titled "Verge: Blockchain Privacy for the People," was published on March 7, 2019. It outlines the following key aspects:

3.1. Privacy Enhancements:

• Tor: Encrypts and anonymizes internet traffic by routing it through a network of relay nodes.
• I2P (Invisible Internet Project): A decentralized and anonymous communication network.
• Stealth Addresses: Provides ephemeral addresses for each transaction, making it harder to trace funds.

3.2. Features:

• Fast Transactions: Aims to process transactions within 30 seconds.
• Low Fees: Transaction fees are typically very low, often less than $0.01.
• Smart Contracts: Allows for the development of decentralized applications (dApps) on the XVG network.

3.3. Scalability and Security:

• Verge 3.0: A major upgrade planned for 2023, aiming to significantly improve scalability and block time.
• Proof-of-Work and Proof-of-Stake: Hybrid consensus algorithm that combines the security of proof-of-work with the energy efficiency of proof-of-stake.

3.4. Community and Roadmap:

• Active community with a focus on privacy and financial freedom.
• Regular updates and roadmap outlines for future development.