News Verge (XVG): Here Lies The Endless Stream Of Privacy

Verge (XVG): Here Lies The Endless Stream Of Privacy

-

- Advertisment -

Cryptographic currencies came to disrupt the financial industry’s status quo. On the other hand, many of these are yet to provide extra layer of security beyond doubt. Verge (XVG) came on board to offer privacy to users. Four years down the line, the coin has made its way up the ladder of crypto relevance.

As 2018 comes to an end, crypto enthusiasts are gearing up for a bull run with the coin in 2019. Here are some reasons why Verge (XVG) is the den of privacy in the crypto community.

TOR and I2P: The Anonymous Envoys

The traditional internet uses Internet Protocols (IP) in keeping track of transactions. Verge (XVG) which is a rebrand of DogeCoinDark claims to use identity obfuscation techniques in keeping off third-parties.

First, The Onion Router (TOR) is an anonymity-centric network which bounces communications over a distributed network. The Invisible Internet Project (I2P) hides geo-locations. Also, it encrypts data passing across the network and pushes same through a peer distributed network.

The aim of these networks (I2P and TOR) is to block a user’s IP address and make transactions anonymous. This is one tool Verge (XVG) has been wielding in keeping off transactions from prying eyes.

Protecting Porn Lovers

In the early weeks of April 2018, the coin entered a partnership with MindGeek; an online pornography provider. The game was stepped up with the integration of Verge (XVG) as payment system on Pornhub; one of the largest adult content website in the world. These partnerships helped the coin to extend the use cases and also keep the identities of users private by offering a secured and obscured network.

The Anonymity Switch

The fact that the coin is a den of privacy for cryptographic transactions makes it a force to reckon within the crypto sphere. Verge (XVG) works on an open-source network which creates room for necessary additions.

Users have the option of exposing their identities or keeping it away from the public. For this reason, Verge (XVG) has built-in Wraith Protocol. The protocol is a private ledger that also doubles as a toggle between privacy and publicity. Users can change the state of their transactions from public to private (or vice versa) using this protocol.

Verge (XVG) Assures Privacy

In spite of the crypto market to head due north for most part of the year, there are crypto coins like Verge (XVG) which maintained a bearish look. Verge (XVG) is coin to watch out for in the coming year. The partnerships it recorded with adult entertainment sites and other enterprise like Bithumb is indication that 2019 will be a bullish race for the coin.

Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

3 Important Reasons to Have AML for Cryptocurrency Business

In this article we are going to examine the 3 most important reasons to Have AML for...

Use of Smart Cards in Blockchain App Development

Ever since blockchain technology made a major breakthrough all over the globe, experts and forecasters have been...

IMF: Risk of substitution of domestic money by central banks’ digital currencies

Central banks around the world began looking closely at the issuance of their own digital currencies, known...

Ripple: The cryptocurrency that will ‘change’ the world in 2020

Ripple could say he's a child of Bitcoin: In December 2017 Bitcoin hit a record price in...
- Advertisement -

Spain approves Crypto Holdings disclosure bill from cryptocurrency holders

Spain approves Crypto Holdings disclosure bill from cryptocurrency holders. Spain's government has reportedly approved...

CryptoTaxCalculator Partners With CoinSpot

Australia’s leading cryptocurrency exchange CoinSpot has partnered with Australian made CryptoTaxCalculator to help users deal with the...

Must read

Use of Smart Cards in Blockchain App Development

Ever since blockchain technology made a major...
- Advertisement -

Read Next
Recommended to you