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Your 2018 blockchain portfolio should include Verge (XVG). This is why. - Global Coin Report
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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

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The Crypto Space Once Again Divided Over Bitcoin SV

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Bitcoin SV
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The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

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Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

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Ripple
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One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

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Bitcoin, Litecoin, Ethereum, and Ripple On the Rise

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Bitcoin
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The recent development in the cryptocurrency industry is a rise in price for many of the core digital coins. We believe that the unexpected price hike is due to the renewed interest of the key players in the industry. Many investors, speculators, and traders are rushing into the number one cryptocurrency; Bitcoin like never before. Other altcoins such as Ethereum, Ripple, and Litecoin are not dormant either. The effect of the influx is the soaring prices of the digital coins within seven days.

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The possible reason for the rally

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