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Your 2018 blockchain portfolio should include Verge (XVG). This is why.

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Verge XVG
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The cryptocurrency market has no shortage of options. You can currently trade in thousands of different crypto coins. Most of them remain irrelevant, but a handful of alt-coins have found a way to carve a niche suited to their particular characteristics by targeting the industries that can benefit the most from them.

So, for instance, Tron is going for full web decentralization while Stellar and Ripple are trying to become the standard in international bank transfers. So what is Verge’s (XVG) deal? Let’s find out.

Verge’s XVG usefulness

If a cryptocurrency is going to succeed it has to be useful. Some of them are actually designed to be used in a particular way or to provide a distinct characteristic that will be attractive in a specific market. Verge’s (XVG) supply is limited, so demand creates value.

Usability, in turn, creates higher demand and drives prices up, so they become good choices for investors who are trying to profit from the trade. Verge’s XVG was created as a retail crypto coin, something you can use on an everyday basis to pay for goods and services. While it’s not confined to any specific industry, it’s more useful to make personal payments than to deal in cross-border financial transactions, for instance.

Bitcoin‘s massive rise in price has to do with the fact that it offers a safe environment in which it’s easy (if slow) to make payments of many different kinds. 

Banks have recently embraced Verge, so soon you could find your local bank offering you a Verge debit card. As Bitcoin, despite being the most prominent player, still is not fully trusted by markets and institutions, other crypto coins that offer a comparable type of functionality are rising in popularity among investors and users.

Anonymity: Verge’s hallmark

Guaranteeing security, privacy and anonymity have been Verge’s top priorities since the beginning. It combines anonymizing protocols such as TPR and I2P to ensure every user’s anonymity on every transaction by masking their IP addresses. 

That way you just cannot trace transactions back to individuals, and this is a feature that attracts many users in the world who care about their privacy but still want or need to be a part of the digital economy.

Open source technology

Some cryptocurrencies have been developed for profit by private corporations. Verge, on the other hand, is a fully open source project with a very committed community that keeps its development going on and manages the environment and functionality. Profits are not on the table for them (as developers or community members).

This means that any XVG holder can interact and work with members of the platform’s core developers and contribute to any of the different ongoing projects aimed to make the platform better. The kind of alt-coin based on a community instead of a company has become quite popular recently because it brings users to the project’s heart.

It taps into a large pool of intellectual resources and skills, and it creates incentives to join the platform. It also brings transparency and accountability to these projects and promotes innovation. This is the very same model in which projects like Mozilla, the Linux kernel, and other open source initiatives have thrived in recent decades.

Cheap transaction costs

Besides protecting privacy, speed and low cost of transactions are also core values for Verge. Low speeds and high fees have been the way to do business involving fiat currencies for a very long time, and Verge aims to tackle that problem.

The platform was released with a large number of tokens in circulation in order to promote mass adoption. The more users they have, the better the liquidity becomes. It also allows for transactions among other blockchains, so it’s even more useful that way.

Partnerships

The right partnerships give digital currencies credibility, brings them attention from outside the crypto word, and expand their user base. Verge has recently scored some that could make all the difference.

In the last few weeks, Verge has been adopted by MindGeek and TokenPay, and these new partners alone could propel the coin all the way to the top ten.

Many more cryptocurrencies continue to join the market. But only those that offer some added value in the form of utility and benefits will have a chance to compete. The value for users becomes the value for the coin and, in this regard. XVG has proven to be ready to take on the market and make itself valuable both in price and usefulness.

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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.

Image courtesy of Pxhere.com

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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