XVG Coin Fundamentals Review
Comprehensive Analysis of XVG Coin: Fundamental Factors and Investment Outlook. Analyzing Value, Technology, and How To Buy!
By reading the article “XVG Coin Analysis” published in Adaas Investment Magazine, you will get acquainted with Verge cryptocurrency and its token XVG in general. This level of familiarity can be enough when you need educational information about this topic.
In the official whitepaper, they have introduced themselves as a blockchain with the aim of being more private than the Bitcoin blockchain. The XVG project works to provide confidential transactions to users of this cryptocurrency.
Table of Contents
XVG Tokenomics Review:
The XVG token has been developed under its own blockchain to enable fast, cheap, and confidential transactions for its users.
The supply of XVG tokens:
The supply of XVG tokens is a fixed amount (16,555,000,000) and currently (September 2021) 16,477,558,192 XVG tokens have been mined and placed in the cycle.
What is the use of the XVG coin?
In the official whitepaper of the project, they claim that the XVG token is a suitable currency for payment, which is highly confidential along with its fast and cheap features. In XVG blockchain transactions, the sender and recipient of the transaction are not known and therefore can be a secure token for users.
Speed and scalability of XVG blockchain:
As you have read in the beginning, the developers of XVG coin have developed a dedicated blockchain aimed at speeding up, increasing scalability, and reducing transaction costs for their users.
XVG Blockchain takes about 30 seconds to confirm each transaction and can process up to 100 transactions per second.
Confidentiality in the XVG blockchain:
When users use platforms and networks on the Internet, they provide a lot of information such as their IP address to the ISP and the platform they intend to use. In the XVG coin blockchain, users’ private information is not disclosed. This feature is provided by TOR technology, which is a software for anonymous activity on the Internet.
The XVG blockchain also provides L2P and Wraith Protocol features for users, which will keep the sending and receiving information of users, as well as the sending and receiving addresses of XVG transactions, confidential forever.
Technology used in VERGE (XVG) coin
In general, cryptocurrencies that provide privacy to blockchain users have a much higher level of technology than other cryptocurrencies such as meme coins.
IP address ambiguity using TOR
The word TOR stands for The Onion Router. This service provides anonymous and confidential activity on the Internet for its users and prevents their IPs from being revealed. XVG coin uses TOR technology in its wallets.
Mining by multiple algorithms
The feature that this cryptocurrency provides for users who want to confirm the transaction and receive rewards is receiving equal rewards for 5 hash algorithms Scrypt, X17, Lyra2rev2, myr-groestl, and blake2s.
The atomic swap or cross-chain trading feature provides users with the peer-to-peer swap from various blockchains with support for BIP65 and third-party removal.
Smart contract infrastructure
Verge cryptocurrency is developing a smart contract platform for developing decentralized applications on the XVG blockchain.
Founder of XVG coin
Justin Sunerok is the founder and developer of the XVG coin. He was previously the blockchain engineer for Crypto Fantasy Sports.
Where to buy or sell the XVG coin?
To buy XVG tokens, you can use the following exchanges:
Dear visitors, you can also use the profile of this cryptocurrency on the CoinMarketCap website to check the exchanges that offer this cryptocurrency. To do this, visit the Market section.
How to install the XVG coin wallet?
Users who want to remove XVG tokens from centralized exchanges can use the XVG coin wallet to store them. To do this, we first enter the official website of VERGE cryptocurrency. Then select Wallets from the menu and finally install the software for your operating system.
Then we enter the application and make a new wallet. This, like the rest of the wallets, requires you to keep special words secure. Finally, from the Receive section, you can see the address of your wallet to receive the XVG token.
The end words
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What is XVG coin?
they have introduced themselves as a blockchain with the aim of being more private than the bitcoin blockchain
What is XVG tokenomics?
The XVG token has been developed under their own blockchain to enable fast, cheap, and confidential transactions for its users.