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Verge XVG – Developers’ Insight into Verge

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Verge XVG
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Verge XVG is a digital currency specially designed to be used in everyday life. It was inspired by Bitcoin blockchain technology, but it also brought massive improvements upon it. The coin’s true goal is to actually fulfill the purpose that crypto and blockchain technologies were originally created for. Through the use of Verge XVG, both businesses and individuals can achieve efficient, fast, and completely decentralized transactions.

In addition, the coin is also capable of protecting users’ privacy. To better explain Verge, its developers have answered several questions in order to help new investors get better acquainted with the coin and its goals.

1) What problems is Verge XVG focusing on?

As many are already aware of, there are numerous real-world problems that cryptocurrencies can help provide solutions to. Verge has set up a goal of empowering people around the world, by providing them with an easy way of making transactions via blockchain technology. Not only does Verge allow its users to engage in direct transactions, but it also allows them to do it efficiently, quickly, and privately.

To achieve this, Verge is using numerous networks with a focus on anonymity, such as I2P, and TOR. That way, it can completely protect the IP addresses of its users. Even its Core QT wallet has an SSL encryption and TOR integration in order to add extra security levels to it.

2) What opportunities do the coin holders get?

Verge already has numerous use cases, and its users can pay for goods and services from over 120 vendors around the world. While the coin itself has lost a significant amount of value during this year’s bear market, there is nothing that will stop it from reclaiming it when the market situation improves. Not only that, but the project itself has quite a value to it, so possessing XVG coins will certainly pay off in the long run.

Verge manages to remain a public blockchain that focuses on anonymity and privacy, which makes it especially attractive to those who wish to keep their business dealings private.

3) How to join Verge community?

Verge has a strong presence on numerous social media platforms, such as Twitter, Facebook, Telegram, and Discord. Users can reach out to the project’s core team members at any time, and provide support, ask questions, or report a problem. The team is responsive and active, and they love even simple idea discussions. Not to mention that the project is open-source, so skillful developers can even provide assistance via Github.

4) The best way to get Verge coins?

There are numerous exchanges that a new coin supporter can use to buy Verge, and that includes centralized and decentralized exchanges alike. The most convenient way would be the purchase of XVG via credit card, or to exchange any other coin for it. XVG enthusiasts can do it quickly, and without the need on registration on changehero.io.

5) What awaits Verge in the future?

As mentioned, the price of Verge is currently not at its peak. However, the team behind the coin believes that this is not permanent and that the value will increase as the coin becomes more adopted. The next few months will also see numerous development improvements that the team is currently still working on.

For now, Verge XVG serves as a payment method for over 120 vendors, and the team wishes to increase their number. That way, they will provide coin holders with an easy way to spend their coins, but they also wish to provide them with an even easier method to buy new XVG tokens. The first step towards achieving this goal is the collaboration with changehero.io. However, as always, the team wishes to improve things further, and they work tirelessly to do it.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

Is there a Real Value to Binance Coin (BNB)?

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Binance Coin
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Binance Coin (BNB) is one of the most interesting cryptocurrencies at the market right now. The coin was developed by the largest crypto exchange by trading volume in the world, and it only works within the exchange’s ecosystem. However, it still managed to achieve what many believed was impossible — it stopped following Bitcoin’s lead, and it started carving its own path.

At the very least, the coin is highly intriguing, but does it hold real value? This is a question that many in the crypto community have been asking for a while now, uncertain whether BNB is a worthy investment or not.

What gives BNB its value?

Binance Coin cannot be used for purchasing goods and services, like Bitcoin. It currently does not fuel a development platform like Ethereum. It cannot even be used as XRP for sending international payments. However, the coin had still managed to triple its price in the last three months and to surge when most other cryptocurrencies were seeing losses due to the last remnants of the crypto winter.

BNB managed to achieve all of this because of its use cases within Binance, but also because of its future potential. First of all, Binance is the largest crypto exchange in the world, with millions of customers, most of which use the exchange on a daily basis.

This means that the exchange inspires…

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Top 3 Reasons To HODL Binance Coin (BNB)

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Binance Coin
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After 2018 crypto winter began, everyone involved with cryptocurrencies experienced quite a difficult period. The prices were down, weak projects started failing, and even the strong ones appeared to be in more trouble than they could face. The year was especially difficult for HODLers, as they expected that the coins’ prices would continue to skyrocket. Instead, they lost a fortune, not even knowing if the prices will ever start returning to their former heights.

These days, things do not seem so bad anymore. The prices are still down, most of the coins are still at their newly-found bottoms, but smaller bull runs are improving the situation, while a massive one still remains somewhere in the future, at least according to optimists.

However, among the coins in the vast and diverse crypto market, one token stands out. Binance Coin is not exactly a typical cryptocurrency, and for many reasons. The biggest one is that it is one of the few tokens out there that does not follow Bitcoin’s lead, at least not anymore. Whether that will change in the future remains to be seen, but for now, BNB appears to be going its own way, carving its own path through the crypto market.

Its price has increased by several hundred percents since the year began, and for now, it continues to grow. As such, it is perhaps more worthy…

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Why Binance Could Become The First Centralized Company To Achieve Total Decentralization

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Binance DEX
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At this point, pretty much everyone who knows anything about cryptocurrencies knows that they are based on the concept of decentralization. The same is true for the blockchain technology. While there are some exceptions, such as certain stablecoins, most digital coins follow this principle.

This means that these coins, as well as their network, have no central authority, no single entity that would make choices and decisions that would impact others. However, while most coins managed to achieve this through different complex mechanisms and algorithms — one aspect of crypto trading still remains heavily centralized. We are, of course, talking about crypto exchanges.

Centralization of crypto exchanges

Most of the largest crypto exchanges out there are designed as companies, rather than community-operated platforms. The exchanges have their employees who designed them and developed special tools. They act as customer support, developers, innovators, and alike.

They also get to decide which coins will be listed and which are too weak, uncertain, or not fit to be found on the list. Exchanges are also responsible for keeping the traders’ and investors’ funds safe, which is why they typically develop their own wallets. As such, they are often targeted by hackers, as the coins are stored in an exchange wallet, waiting to be withdrawn, sold, or converted into different currencies.

This makes them extremely unsafe, and investors and traders are always…

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