What is Verge (XVG)?

Verge (XVG) is a 100% open-source digital currency developed to provide private transactions for everyday use. Created in 2014, verge improved upon the original Bitcoin blockchain to fulfil Bitcoin's initial purpose of serving as a fast, efficient, and decentralized way of transferring value. Initially, it went with the name DogeCoinDark, but it was renamed Verge currency in 2016 to distinguish itself from Dogecoin. Depending on the network load, it offers a fast transaction time of 5 to 10 seconds and a minimal transaction fee of only 0.1 Verge.

Verge uses the Proof of Work (PoW) mining principle like Bitcoin. However, its miners can choose one of three methods: specialized hardware, Cloud mining, or Pool mining, depending on their preference and resource availability. It goes under the ticker with no premined portion or ICOs. This means the development team and contributors purchase XVG from the open market like anyone else. XVG has a capped maximum supply of 16.5 billion.

Verge intends to strategically integrate its native blockchain coin (XVG) with an ERC-20 token (XVGETH) on the Ethereum network to amplify its utility and mass adoption potential.

How Does Verge (XVG) Work?

Verge coin prioritizes its unwavering commitment to privacy over everything. It fulfil this commitment by integrating two leading privacy protocols--Tor and I2P (Invisible Internet Project)--into its structure.

Tor is open-source software that enables users to navigate the internet by directing their activity through a series of servers, making it difficult for outsiders to detect the source of transactions. In other words, it does the work of obfuscating IP addresses to safeguard the identity of participants and ensure their utmost confidentiality.

Similarly, I2P is a privacy-centric network layer that further safeguards the users' identities by directing their data through an encrypted environment. Its integration with Verge coin offers enhanced privacy to its users for their actions.

Verge coin uses Proof-of-Work (PoW) like Bitcoin for consensus purposes. However, it employs multi-algorithm mining through five distinct hashing algorithms (Scrypt, Lyra2rev2, X17, myr-groestl, and blake2s) to ward off the dominance of a single mining method and appeal to a broader mining audience by giving them options to choose between various mining equipment.

Like many other cryptocurrencies, Verge coin can be used as a global payment network to send and receive funds. It can process up to 100 transactions per second for 0.1 XVG per transaction. Depending on the network load, Verge coin takes between 5 and 10 seconds to process a transaction.

How to Buy Verge (XVG) in India?

There are many platforms where you can invest and Buy Verge (XVG) in India.

One such platform is Flitpay. To buy XVG in INR, you have to sign up for the relevant application, enter the required details, and go through a small KYC verification process.

After the KYC approval, ensure you have correctly entered your bank details. Now, through the linked bank account, deposit the amount you want to buy XVG and execute the purchase.

You can instantly convert your INR to XVG and XVG to INR and withdraw your INR through bank transfers whenever you want.

Flitpay also keeps introducing timely rewards for its users.

What to Do After I Buy Verge (XVG)?

XVG can be used to buy other cryptocurrencies after converting them to INR through crypto exchange platforms like FLITPAY. You can also hold the XVG till it reaches a high price, and then you can sell it through Flitpay's OTC order facility. Users can earn significant profits from buying it at a lower price and selling it at a higher price.

FAQs

What is Verge (XVG)?

XVG, short for Verge, is a privacy-centric digital currency designed for everyday transactions. Originally created as DogeCoinDark in 2014, XVG operates on the PoW blockchain named Verge. XVG has a capped supply of 16.5 billion and is known for its high processing speed, scalability and low fees.

What is the Verge (XVG) price in India?

Check out the current INR price of XVG crypto in India on Flitpay.

Which is the best cryptocurrency app in India to buy XVG?

Flitpay is the best cryptocurrency app in India to buy XVG, buy bitcoin, or your favourite cryptocurrencies. Flitpay supports instant UPI and bank deposits and bank withdrawals with a minimum deposit and withdrawal limit of INR 100.

What are the benefits of the Verge (XVG)?

Verge (XVG) offers a range of benefits, including privacy, fast transaction speeds, scalability, and low fees. Its privacy-focused features ensure anonymous transactions, while its high processing speed and scalability make it suitable for everyday use. Additionally, Verge boasts low transaction fees, making it cost-effective for users engaging in frequent transactions.

Is it safe to invest in XVG in India?

Yes, investing and trading XVG is Safe in India. Flitpay is one of India's most secure cryptocurrency exchanges for buying XVG crypto. It offers real-time prices and advanced investing features.