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Verge (XVG) Provides Privacy Without Sacrificing Confidence

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Verge
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There are private coins that exist solely to obfuscate transactions. Then there are private coins that exist to protect their users. Verge’s XVG is the latter, using their strong anonymity protection to ensure that their coin remains decentralized and uncontrolled. They maintain a public ledger, and all transactions are transparent, ensuring that blockchain validity is monitored. The combination makes Verge a strong choice for investors looking for privacy, without entirely eliminating accountability.

Open source and fairly distributed, the Verge cryptocurrency avoids the pitfall that many coins face. Their development team holds no overwhelming amount of the original allotment of coins, and as such, there should be no fears that they will suddenly flood the market. Their inability to pull an exit maneuver is an added feature of the blockchain’s validity. It’s also a good sign for those looking to invest.

From DarkDoge to Verge

Verge began life with the name DarkDogeCoin. This somewhat marketing unfriendly name came about as a result of their focus on the DarkSend system currently in use with DASH digital currency. Users sent a specific amount of coins. That specific amount is divided and scrambled with other senders to eliminate tracking. In 2016, they re-branded under the current Verge name. The focus hasn’t changed, but the unnecessary comparisons to the DogeCoin meme-based cryptocurrency are readily avoided.

Ultimately, the purpose of Verge continues to be anonymous, easy transactions. Their blockchain design is quick and efficient for use with real-world applications – transactions fees are still fairly low, and the chain can process 200 transactions per second. This is drastically higher than Bitcoin itself, in line with other coins from the early eras. They have announced their intention to incorporate RSK technology into their blockchain, which would enable up to 2,000 transactions per second.

Transparent Stealth

Anonymity and the obscuring of user data is not only the major component of the Verge blockchain. It’s also the founding reason for its creation. Initially focused on the DarkSend software developed by DASH, they have expanded their options and opened up new avenues to allow for complete obscuring of personal data. Currently, they offer transactions through both Tor and I2P. Both allow the removal of geolocation and identity usually tied to transactions.

At the same time, the developers of Verge are aware of the necessity of a visible, public, distributed ledger to validate transactions and provide some form of auditing for the system as a whole. Otherwise, users have no way to verify Verge’s decentralization claim. It would be possible to drop large amounts of XVG into the system invisibly.

Verge or Monero?

Monero has a high level of buzz lately, and not all of it for good reasons. As a completely private coin, they run the risk of use for a variety of unsavory purposes. Almost invariably, if a website is caught mining cryptocurrency through embedded code – it’s Monero. Still, this is not the fault of the cryptocurrency itself, but the people who are using it. Monero is only a tool.

At the same time, Verge sidesteps these issues with their public ledger and transparent code base. No one is going to be using the Verge blockchain to launder massive sums of money, and their mining is equally transparent. While both coins exist in the ‘dark web’, Monero’s design uniquely suits the space. Verge has with real-world usability, and that means certain fail-safes that make the currency less attractive to criminal elements.

Verge into the Future

Unlike their various competitors, Verge did not have a pre-mine. Where many coins are switching over to a Proof of Stake algorithm, Verge has decided to remain Proof of Work. This prevents hoarding of XVG by those with a large initial capital. Further, they have a multi-algorithm mining platform that allows almost any mining rig to join the network – ensuring additional decentralization in addition to a larger potential mining pool.

Verge recently enjoyed one of the largest spikes in value in cryptocurrency history – going up over 800% as a result of the words of John McAfee – a controversial figure in the cryptocurrency sphere. This coincided with the market spike at the end of last year, resulting in very high returns for those that happened to be holding XVG at the time. While it is unlikely to see that happen again, Verge continues to be a solid project with a promising future.

We will be updating our subscribers as soon as we know more. For the latest on XVG, sign up below!

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

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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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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