if you are a verge lover, here is Important Information aboutXVG
Let's Start!!!!
:point_right: What is Verge ?
Verge (XVG) is a secure and anonymous cryptocurrency, built with a focus on privacy. It is a decentralized currency designed for users who value privacy. It improves upon the original Bitcoin blockchain by using multiple anonymity-centric networks such as Tor and i2p. It utilizes multi-algorithm mining support to improve security and provide equal distribution of coins to miners.
:point_right: Fundamental/Competition Analysis
Main Competitors (Anonimity Based Cryptos):
Dash -
Rank: 6
MC: $2,762,065,091
Monero -
Rank: 8
MC: $1,920,377,500
ZCash -
Rank: 18
MC: $520,405,598
PIVX -
Rank: 37
MC: $213,906,901
XVG is expected to enter the top 10 cryptocurrencies by end of 2017. The 9th ranked crypto as of July 2nd, 2017 is Monero (also a like for like competitor) which has an MC of $598 million. Assuming the crypto market space doubles in the next six months, which in all conservative likeliness it should, XVG could be said to have an MC of about $12 billion (520,000 BTC approx.) which would render its price at 520,000/13,409,472,280 = 0.00003878 BTC or 3878 satoshis. This translates to about 32.43 times or 3243% of the current price.
The breakup of the increase is detailed below.
:point_right: Verge v/s Competitors - The Technology
Verge wallet that does no mixing, no ringsigs and no form of transaction obfuscation, but connects to I2P from 4 nodes that are all hosted from the developer and they hide your IP. They call it the "Blackhole" tech. This is in contrast to its competitors which do not perfectly hide user IP.
:point_right: Company Analysis - Roadmap
Verge has the following roadmap
1. i2P/TOR Android WalletsAndroid Wallet for Anon transactions ONLY! (Completed)
2. New Core Wallet Release
Add new features including coin control, RingCT, update libraries (openssl, boost, etc)
(Near Completion)
3. RSK smart contracts
They are in testnet for bitcoin now. Date revolves around this timeline.
4. Wallet UI overhaul
5. Merchandise Online Store
Verge Merchandise shop will have tshirts/apparel that can be purchased with XVG and BTC.
The RSK token part is interesting, if implemented, Verge will be the first crypto to offer anonymous smart contracts. For those who are new to crypto, smart contracts is one of Ethereum's USPs and we all know how much the crypto has grown over the last three months.
To further substantiate the technological development, one could analyse the relative github activities.
Verge -
Github Commits: 529
Collaborators: 12
Dash -
Github Commits: 13,337,
Collaborators: 370
Monero -
Github Commits: 4,111,
Collaborators: 104
ZCash -
Github Commits: 10,640,
Collaborators: 356
For a new project, 529 commits is a very healthy number backed by 12 developers. This number is expected to grow and catch up with those of its competitors. Activities in the last 3 months have been greater for Verge vis-a-vis its competitors.
:point_right: Collaborator Exchanges
Verge is currently listed on 8 exchanges. It is yet to be listed on Poloniex, Kracken, Bitfinex - some major US exchanges. Also, there is no CHinese presence yet.
Recommendation: Verge Currency (XVG) is a long term buy/hold for Massive Profit
Good Luck !!!!!!
