## Hello Steemians ## In this __series of articles__ I want to put a spotlight on a __specific cryptocurrency__ and write about the details in all these aspects: - __Aim of the currency__ - __Technical details__ - __Market position__ - __Forecast__ The cryptocurrency in focus currently will be one of the so-called **"private" coins**. Coins that create the possibility to be more or less in private while doing transactions. How private you are is one of the main questions to be answered in this articles. In this __4rd article__ of the series, the spotlight will be on __Verge__

PictureSource ### Aim of the Currency ### What is this __currency about?__ What does it do differently than the rest?
Where is the __unique selling point__ and at what audience is this coin targeted. All that questions and __more will be answered__ in the following paragraph. Verge is basing on the original Bitcoin Code but has improved this significantly in regards to being able to keep your privacy. The coin was created already in **2014 under the name DogeCoinDark** and has been rebranded in 2016 to **Verge Currency**. Verge is not run by a private company, not funded through ICO or premine, but is 100% an open source project, developed and supported by the Verge community. The **maximum supply** of coins is capped at a high **16.5 billion XVG**. This coin's primary focus is on keeping sender and receiver anonymous, including obfuscating the IP and location. ### Technical Details ### Verge incorporates into his **standard wallet** already the support for **both TOR and I2P**, there is nothing else to be setup to be able to **obfuscate the IP address**. The complete Network Traffic with **TOR or I2P is encrypted** and therefore the data is not accessible for any third party. Transaction times are fast (~5 Seconds) while using the **Simple Payment Verification (SPC)**, this works only with the Electrum wallet that has been forked and customized for the use with Verge. Transaction capacity, on the other hand, is with **100 transactions per second quite low**, a new development called RSK (projected go live in December) should **raise this up to 2000 transactions per second**. **Mining XVG** is possible, it uses a **multi-algorithm mining support**. The following algorithms are supported: Scrypt, X17, Lyra2rev, myr-groestl and blake2s. Current calculations show that mining XVG can **not be run in a profitable way**, taking into account normal PC hardware and Central European electricity prices. The __main improvement__ over **Bitcoin** is basically the __possibility__ to send or receive money in a __private__ way and being able to obfuscate IP and therefore location as well using TOR or I2P. The **Smart Contract** module called RSK is set to be launched in December. ### Market Position ### At the time of writing this article (12/08/2017), __Verge is placed 75th__ in __market capitalization,__ with the total value of 121.026.793 $. The 24h Volume was $7.826.470 which is a **rather high number** compared to the last month. Marketing team around **verge is quite active** and posting regularly on Twitter and other social media, the coin is also available on quite a few exchanges with **Bittrex being the biggest one**. Looking back 1 month we see that verge has had quite a low in the middle of November only to recover nicely, being today quite close to the ATH.

GraphSource
If we are taking a look at the **1 year graph** it is clear that the ATH has been met in the beginning of November and that the price is nicely regaining from this.

GraphSource ### Forecast ### Just like all the other **private coins** Verge for sure has a valid point in trying to keep the privacy of the sender and receiver. This alone is for sure not getting Verge a significant rise in price, what could maybe help in this is the **planned release** of the **smart contracts** module on the Verge **Blockchain**. If the developers can hold their deadline and implement this in December we might see a nice rise in price. ### Conclusion ### With Verge, you are enabled to keep sender and receiver **data private, including the IP**. This is achieved by having support for **both TOR and I2P** built into the standard Wallet. This is a huge advantage compared to Bitcoin, where all transaction details are stored readable on the blockchain. Verge is backed by the community and has no company that runs it, so **no founders fee, ICO, or premine** was necessary. Last but not least there are also __some drawbacks__ and they should not be unmentioned: - PoW Coin, mining __can be seen as a waste of energy__. - Development relying on the community, entries in the ANN on bitcointalk are recent, the dev is reacting directly. - __Privacy of transaction__ has been also viewed with __criticism__. Authored by: @jedigeiss
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