What is Verge (XVG )? Latest information about XVG Token

In a context where privacy is becoming a major concern, Verge (XVG) emerges as a pioneering project focused on protecting user identity. By combining blockchain technology with anonymous protocols like Tor and I2P, Verge aims to create a fast, untraceable, and accessible payment platform for everyone. What makes this project special? Let's explore with Allinstation through the article below!

What is Verge (XVG)?

Verge is an open-source privacy-focused project, developed from the DogeCoinDark project in 2014 and officially renamed Verge in February 2016. The project is designed to provide an anonymous, decentralized, low-cost, and high-speed payment solution for both individual users and businesses.

Unlike other privacy coins using complex algorithms to hide transactions, Verge focuses on network-level privacy by using Tor (The Onion Router) and I2P (Invisible Internet Project) to conceal users' IP addresses.

How does Verge (VGX) work?

Verge operates on its own blockchain platform, combining multiple technologies to enhance security and performance:

• SPV (Simplified Payment Verification) protocol allows quick transaction verification without downloading the entire blockchain.
• Tor & I2P Integration: Helps hide the sender's IP address, concealing identifying information during transactions.
• PoW consensus mechanism with 5 mining algorithms (multi-algo): Enhances resistance to 51% attacks while supporting diverse mining devices (ASIC and GPU).

Additionally, Verge supports fast block creation time (30 seconds) and high-speed transactions without compromising decentralization.

Verge (VGX) Products

Verge focuses on developing tools that support anonymous, fast, and user-friendly payments. Here are the 4 core products that make up the Verge ecosystem:

Verge Core Wallet

This is Verge's official wallet, designed for both desktop and mobile with Tor and I2P network integration, completely hiding the user's IP address.

Highlighted features:

• Anonymous transactions directly from personal wallet
• Supports multiple platforms: Windows, macOS, Linux, Android
• Compatible with hardware wallets (Ledger Nano S/X)
• Allows users to run full-node to contribute to network security

Verge Android TOR Wallet

One of the first mobile wallets to directly integrate Tor, allowing Android users to send and receive XVG safely and privately without any complex technical configuration.

Highlighted features:

• User-friendly interface
• Integrated QR code, transaction history, and secure backup
• Does not store personal information or user location
• Network connection through Tor – completely hiding IP address

VergePay – XVG Payment Gateway

VergePay is a toolkit for businesses and developers who want to integrate XVG as a payment method on their website or store.

Highlighted features:

• Ready-made plugins for WooCommerce, Shopify, BTCPayServer
• Simple API, supports direct integration into POS systems
• No platform fees, suitable for small businesses
• Fast, untraceable transactions confirmed in seconds

Verge Electrum Wallet

Electrum is a "lightweight" wallet – no need to download the entire blockchain. Verge's Electrum version is built on the SPV (Simplified Payment Verification) platform, ideal for users needing a lightweight and secure wallet.

Highlighted features:

• Quick start, immediately usable without full chain synchronization
• Fast processing speed, suitable for low-configuration desktops and laptops
• Support for secure transactions and offline signing
• Compatible with cold storage wallets like Ledger

Verge's Outstanding Features

• Focus on privacy: Hiding user IP addresses through Tor and I2P
• High transaction speed: Confirmation time of only ~5 seconds, network throughput up to 2,000 TPS
• Low cost: Transactions are almost free
• Open source & community-driven: No central company control, development based on community contributions
• Multi-algorithm mining: Scrypt, X17, Lyra2rev2, myr-groestl, blake2s – encouraging decentralization and preventing 51% Attack

Overview of VGX Token and Tokenomics

Basic Information

• Token Name: Verge
• Ticker: XVG
• Blockchain: Verge Blockchain
• Algorithms: Scrypt, X17, Lyra2rev2, myr-groestl, blake2s (PoW)
• Type: Coin, Minable
• Blocktime: 30 seconds
• Average Transaction Speed: 100 TPS, can reach up to 2,000 TPS
• Total Supply: 16,555,000,000 XVG
• Circulating Supply: 16,521,951,235 XVG

Supply & Distribution

• Max Supply: 16,555,000,000 XVG
• Fixed Inflation: No complex tokenomics model, XVG distributed through mining

Token Utility

• Anonymous payments in P2P transactions, e-commerce
• Payment plugin integration on websites
• Tipping/donating on content platforms
• Potentially usable in games, streaming platforms, or ecosystems requiring privacy

Roadmap

Below are the key updates and goals in Verge's latest roadmap:

• Deploying VergePay API to integrate XVG payment gateway for businesses
• Updating Tor Wallet v5.0 with new UX and enhanced security
• Partnering with BTCPay and CoinPayments
• Developing a new desktop wallet supporting full-node I2P
• Expanding integration on Decentralized Exchanges (DEX)
• Launching privacy-integrated Verge NFT (under research)

Project Team, Investors, and Partners

Project Team

Verge is an open-source and decentralized project, led by a group of developers and collaborators from various countries, under the leadership of key individuals:

Sunerok (Justin Vendetta) – Founder & Lead Developer

• Founder of the Verge project, with over 20 years of experience in network security and nearly a decade in blockchain development.
• Sunerok is the core developer and technology director for the entire Verge system from the early days.

Sasha – Vice President

• With a background in economics and business administration, Sasha supports developing global development strategy and partnerships for Verge.

Frank Dashwood – Media Advisor

• One of the first Verge members, operator of CoinMetal channel and RadioCrypto.com program, playing a role in promoting the project's image in the cryptocurrency community.

Cees van Dam – Community & Social Media Manager

• Responsible for content strategy, communication, and coordinating global volunteer teams on platforms like Telegram, Facebook, Reddit.

Investors

Verge is not supported by large Venture Capital funds like many other projects. Instead, the project develops through community sponsorship, open-source fund, and contributions from users worldwide.

This approach helps Verge maintain decentralization, independence from large market capitalization, and maximum focus on privacy and user community.

Partners

Verge has built several strategic partnerships, notably including:

• NetCents: Cryptocurrency payment platform supporting XVG for global businesses and e-commerce.
• Meconcash: Partner integrating XVG into cryptocurrency ATM systems in South Korea.
• ChangeNOW & NOWPayments: Providing XVG exchange and payment gateway services.
• VoiceLife: Technology partnership to deploy wireless energy system integrating XVG payments.
• Travala: Travel booking platform accepting XVG as a payment method.

Additionally, Verge is supported by CoinPayments, Atomic Wallet, Ellipal, and Binance Pay as convenient storage and payment solutions.

Summary

Verge (XVG) is one of the leading projects in secure cryptocurrency, with a practical and user-friendly approach. The project stands out for fast, untraceable transactions and an experienced development team combined with a large community. Although not as noisy as many other altcoins, Verge has quietly maintained a stable network and continuously updated technology to serve its vision: bringing privacy back to users.

Note: This article is for informational purposes only and is not investment advice.