{"id":21461,"date":"2017-12-19T13:14:43","date_gmt":"2017-12-19T21:14:43","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=21461"},"modified":"2020-04-09T18:42:22","modified_gmt":"2020-04-09T17:42:22","slug":"privacy-matters-look-verge-surging","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/privacy-matters-look-verge-surging\/","title":{"rendered":"Privacy Is Paramount: A Look Into Why Verge Has Been Surging"},"content":{"rendered":"<p>John McAfee, founder of McAfee Antivirus and an outspoken crypto advocate, recently made this assertion:\u00a0<a href=\"http:\/\/cryptoslate.com\/category\/privacy\">Privacy coins<\/a>, otherwise known as coins that allow anonymous transactions,\u00a0will be <strong>the future<\/strong> <strong>of cryptocurrency<\/strong>.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">I am inundated by people asking me for recommendations on cryptocurrencies. If you would use your heads you would figure out that the privacy coins  (anonymous transactions) will have the greatest future. Coins like Monero (XMR), Verge (XVG), or Zcash (ZEC) cannot lose.<\/p>\n<p>&mdash; John McAfee (@officialmcafee) <a href=\"https:\/\/twitter.com\/officialmcafee\/status\/941003398215761922?ref_src=twsrc%5Etfw\">December 13, 2017<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>This is a bold statement coming from someone\u00a0who has been predicting Bitcoin would reach $1 million per coin by 2020. His support for <a href=\"http:\/\/cryptoslate.com\/coins\/verge\">Verge (XVG)<\/a>\u00a0is a part of the reason why it is up 427% over the past month.<\/p>\n<figure id=\"attachment_21495\" aria-describedby=\"caption-attachment-21495\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-21495\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2017\/12\/verge-graph-2017-1024x450.jpg\" alt=\"Verge Price Chart 2017\" width=\"1024\" height=\"450\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2017\/12\/verge-graph-2017-1024x450.jpg 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2017\/12\/verge-graph-2017-300x132.jpg 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2017\/12\/verge-graph-2017-768x337.jpg 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2017\/12\/verge-graph-2017.jpg 1484w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption id=\"caption-attachment-21495\" class=\"wp-caption-text\">Verge has been one of the top gainers in 2017. Verge is up 19,937.74% since the beginning of the year.<\/figcaption><\/figure>\n<h2>An Established Privacy Coin<\/h2>\n<figure id=\"attachment_2493\" aria-describedby=\"caption-attachment-2493\" style=\"width: 241px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-2493\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2017\/09\/verge-small-cover.jpg\" alt=\"Verge\" width=\"241\" height=\"110\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2017\/09\/verge-small-cover.jpg 482w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2017\/09\/verge-small-cover-300x137.jpg 300w\" sizes=\"(max-width: 241px) 100vw, 241px\" \/><figcaption id=\"caption-attachment-2493\" class=\"wp-caption-text\">Verge is so obsessed with privacy that it calls its technical whitepaper a &#8220;Black Paper.&#8221; You can download it <a href=\"https:\/\/vergecurrency.com\/assets\/Verge-Anonymity-Centric-CryptoCurrency.pdf\">here<\/a>.<\/figcaption><\/figure>\n<p>Verge (XVG) is first-and-foremost a privacy coin. It was originally launched in 2014 as <em>DogeCoinDark<\/em>. Its privacy functions include anonymous capabilities that exceed <a href=\"http:\/\/cryptoslate.com\/coins\/zcash\">Zcash<\/a> and\u00a0<a href=\"http:\/\/cryptoslate.com\/coins\/monero\">Monero<\/a>\u00a0in their intuitiveness and end result.<\/p>\n<p>Verge uses the The Onion Router (TOR) network and Invisible Internet Project (i2P) to hide transaction addresses. Transactions are also quick &#8212; Simple Payment Verification (SPV) allows for transaction\u00a0confirmation to drop to around 5 seconds.<\/p>\n<p>How exactly does Verge use TOR and I2P (Invisible\u00a0Internet Project)? Both of these systems are integrated into Verge wallets, such as <a href=\"https:\/\/electrum.org\/#home\">Electrum<\/a>. This integration masks the user's IP address. TOR facilitates this by sending data through a network containing 7000 relays, and I2P adds a second layer of privacy by acting as a tunneling service with p2p transactions.<\/p>\n<h2>The Wraith Protocol<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"logo alignleft wp-image-21497 size-medium\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2017\/12\/wraith-protocol-300x285.jpg\" alt=\"The Wraith Protocol\" width=\"300\" height=\"285\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2017\/12\/wraith-protocol-300x285.jpg 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2017\/12\/wraith-protocol.jpg 400w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>The Wraith Protocol was announced in September 2017 and has been one of the attributing factors to its recent price surge. With\u00a0the Wraith Protocol, there is a simple switch on the wallet that will allow users to turn privacy on or off. So, if transparency is needed, Wraith can be switched &#8220;off.&#8221;<\/p>\n<p>This sends the transaction to Verge's public ledger. Turning it &#8220;on&#8221; sends the transaction to Verge's private ledger. The transparency tool will allow merchants and everyday users to use it like any other currency. This is highly significant in that almost all privacy coins can only function as a privacy coin with either a public or a private ledger.<\/p>\n<p>While Wraith is not fully functioning yet, it will be deployed onto the live network in 2018.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cdn-images-1.medium.com\/max\/1600\/1*y1vsKcCGFmsv41LW8SxUnA.png\" \/><\/p>\n<h2>Verge Atomic Swaps<\/h2>\n<p>Verge allows for <strong>atomic swaps<\/strong> will allow for decentralized exchanges (DEX) to function, eliminating the need for centralized third-party exchanges like Coinbase, Bittrex, Poloniex, Shapeshift, etc. It's an instantaneous trade between coins that are on different blockchains, where trust is not needed because of smart contracts.<\/p>\n<p>Even more usefully, the Wraith Protocol can still be turned on, making Verge's end of the atomic swap anonymous.<\/p>\n<h2>P2P Bot Payments<\/h2>\n<p>Want to send coins via text? Verge is already on it. Currently, XVG can be sent on Twitter, Telegram, and Discord. Platforms like Reddit and Slack are coming in the future. This all works via messenger bots.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-21496\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2017\/12\/verge-bot-1024x569.png\" alt=\"\" width=\"1024\" height=\"569\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2017\/12\/verge-bot-1024x569.png 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2017\/12\/verge-bot-1536x853.png 1536w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2017\/12\/verge-bot-2048x1137.png 2048w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2017\/12\/verge-bot-300x167.png 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2017\/12\/verge-bot-768x426.png 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p>Here's how it works with Telegram:<\/p>\n<ol>\n<li>Add <strong>@VergeX_Bot<\/strong> to your Telegram group<\/li>\n<li>To find out what your Telegram address is, write &#8220;!address&#8221; as a direct message to the bot.<\/li>\n<li>Go to your hardware wallet and send coins to this address.<\/li>\n<li>You can check balance with &#8220;!balance&#8221; to see if it's been sent.<\/li>\n<li>Send coins to whoever is in the group with &#8220;!tip @(username).&#8221;<\/li>\n<\/ol>\n<p>More can be seen on the Verge website, including Twitter instructions. Bot technology will make for easier ways to send coins in the future.<\/p>\n<h2>Verge Product Roadmap<\/h2>\n<p>The Verge development team has been very active at constantly revising their roadmaps, updating them several times per year. They have promised that the next roadmap update will come in Q1 2018.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/steemitimages.com\/DQmTcLzY4NpQdS8myieMdvMRisrurwfaoSXcAwkDU7bvReD\/image.png\" \/><\/p>\n<p>According to the roadmap, we should see these developments in Q1 2018:<\/p>\n<ul>\n<li>Finality on RSK smart contracts<\/li>\n<li>TOR and i2P Android wallet<\/li>\n<li>Core wallet release<\/li>\n<li>Merchandise store<\/li>\n<\/ul>\n<p>Thus far, Verge has done an excellent job of keeping its promises in a timely manner.<\/p>\n<p>Verge had an absolutely stellar 2017, with its price up over 17,000% since the beginning of the year. With a powerful suite of features and privacy at the forefront, Verge is definitely one of the coins to keep on your radar heading into the new year.<\/p>\n<p>You can find <a href=\"http:\/\/cryptoslate.com\/coins\/verge\">Verge<\/a> on most major exchanges including Bittrex, Binance, Changelly and Cryptopia.<\/p>\n<p>Check out our <a href=\"http:\/\/cryptoslate.com\/category\/privacy\">privacy coins list<\/a> if you are interested in other cryptocurrencies similar to Verge.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>John McAfee, founder of McAfee Antivirus and an outspoken crypto advocate, recently made this assertion:\u00a0Privacy coins, otherwise known as coins that allow anonymous transactions,\u00a0will be the future of cryptocurrency. I am inundated by people asking me for recommendations on cryptocurrencies. If you would use your heads you would figure out that the privacy coins (anonymous [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":21500,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[61045],"tags":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Privacy Is Paramount: A Look Into Why Verge Has Been Surging<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/privacy-matters-look-verge-surging\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Privacy Is Paramount: A Look Into Why Verge Has Been Surging\" \/>\n<meta property=\"og:description\" content=\"John McAfee, founder of McAfee Antivirus and an outspoken crypto advocate, recently made this assertion:\u00a0Privacy coins, otherwise known as coins that allow anonymous transactions,\u00a0will be the future of cryptocurrency. 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