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A Privacy-Focused Cryptocurrency.
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Verge is a multi-algorithm Proof of Work-based cryptocurrency, with a focus on privacy and ASIC resistance. It supports five different hashing algorithms (Scrypt, X17, Lyra2rev2, myr-groestl, and blake2s).
To ensure full privacy in the system, Verge relies on dual-key stealth addresses: an unlimited number of one-time destination addresses that can be created by senders on behalf of the recipient without any interaction between the parties. In addition, Verge also features a combination of TOR and I2P to hide specific transactions’ IP addresses e.g., physical locations.
Moreover, the Verge blockchain also features atomic (cross-chain) swaps for peer-to-peer trading across different blockchains on DEXs. It furthermore plans on supporting smart contracts with the RSK blockchain, through a two-way peg to Verge, which would also reward Verge miners (via merged mining).
Within the Verge blockchain, Verge coins (XVG) are used as a private store of value and medium of exchange.