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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

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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SonicX
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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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