There are 80 different privacy coins in the crypto market but The major and well know privacy coins are :
- Dash
- Zcash
- Monero
- Bitcoin private
- Verge
Verge coin is very different privacy coin which is not evaluated and rated well enough in the crypto market . It was release 6 years ago in 2014 together with Dash and Monero coins but after such a long history of performance , verge still looks extremely under value which we need to reconsider and highlight its uniqueness .
- Verge( XVG) is decentralised open source cryptocurrency which is claimed pure privacy coin where sender and receiver IP address is obfuscated with special community driven technology called TOR which makes the transaction completely untraceable.
- From last 6 years , verge has stable network with full security and privacy.
- Transactions speed 30 secs and can handle 2000 transactions / sec with RSK smart contract.
- Verge is the cryptocurrency which has 5 consensus mechanism on proof of work (PoW) protocol .These are Scrypt , X17 , Lyra2Rev2 , Myr-groestl ,Blake 2s. every algorithm are bound to follow 30 seconds block time and all set to difficulty hash rate to mine the block.
- Verge is compiled four stage of transactions. These are: 1. Tailored Transactional Application 2. Simple Transaction 3. Stealth Transactions 4. Anon Transactions .Every Transactions has its own features and the goal is clear and transparent for make the transactions on public blockchain with full privacy.
- Verge is more than privacy coin like its integrated with RSK smart contract.
- Verge first commercial website was porn site which enabled payment gateway with verge .
- Verge total coin is hard caped with 16.555 billion and its 99.9% coins already in circulations which means its mining related threats like attacking has been no more vulnerable.
- currently more than 100 top e-commerce and well know sites used verge as payment gateway.
- verge transaction fee is 0.1 verge which is 90.9 % cheaper than credit card transactions charges.
Verge is currently available in all the top exchanges where it can be tradable and exchangeable as well.After it launching in the year where Monero and Dash were being launched , it has seen extremely denial and ignorance .
Verge is now showing its ground reality as bitcoin and recently Korean company Mecon Cash Adopted Verge for providing its users to withdraw cash through ATM machine .
Although Verge is not performing well in short term but the way its growing ,seems it can be boom at any time soon and well profit to buy it now and hold for long term as many exchange providing annual interest rate from 10 to 12 % .
Resources:
https://vergecurrency.com/static/blackpaper/verge-blackpaper-v5.0.pdf
