Verge (XVG) Coin or DogeCoinDark [Review]: What is Verge Coin?
Verge is a Proof of Work algorithm based cryptocurrency built on top of some of the most powerful encryption in the cryptosphere.
Of all of the ideas outlined in the Bitcoin Whitepaper that we here at CryptoDetail embrace most, it is the idea that privacy is paramount. For thousands of years, governments and traditional banking institutions have been demanding that every person report every penny so that those entities could steal even more of our funds. The idea is not one of lawlessness; it is equality. Yes, it is our duty as citizens of our respective countries to report our income and gains to our governments (actually, that is disputed by many; but, we will take the governments' position here and pretend it is true). We aren't usually the ones who handle reporting where every penny is spent or kept. And we have no responsibility to the robber barons who have controlled the fiat world since the first money lender began playing his fraudulent trade.
In this review, you are going to learn verge coin news and key points.
Verge Coin News Big Brother Knows
Thankfully the ways of the past ended with the birth of Bitcoin. We, as a planet of 7+ billion inhabitants, now control our financial destinies. We have complete control over our own money. But, we are still being watched.
While Bitcoin is designed as an anonymous currency, just like the fiat currency in your pocket right now, there is a flaw. This flaw is not built into the Bitcoin code itself. It is one that we in the cryptosphere have allowed to form. If you download a third party wallet app to your phone, one that is registered in your name, you have given away your privacy. If you sign up on one of the big exchanges, submitting to the KYC/AML regulations that nearly every government has enacted, you have given up your privacy. And if you make a transaction for a physical good to be shipped to your home and paid for it with Bitcoin, you have given up your privacy.
Can the verge coin wallet solve this? No. That's a topic for a verge coin faucet discussion.
Once you do any of those things, Orwell's "Big Brother" knows where your money is kept. How Do We Keep Our Privacy?
Verge Coin Mining DogeCoinDark and Rebranding
There are not much we can do to prevent those breaches from Bitcoin. The blockchain is out there, recording every step made by every BTC wallet on the planet. However, those of us in the cryptosphere care so much about the issue of privacy that we have created coins to fit this need.
The most famous of those anonymous coins is Monero. Dash is right up there too. But those are not the only ones. There are others. And, if you care about your privacy, protection, and anonymity, you will check out and use this one too.
In 2014 a Bitcoin fork was revised into one of these anonymous coins. It was called DogeCoinDark. This anonymous coin was developed by a single coder known only as Sunerok. In 2016 DogeCoinDark was rebranded as Verge. This change was made mostly to improve its public image, separating it from the lawlessness believed to inhabit the "dark web" and verge coin mining.
(*Those allegations of lawlessness have nothing to do with the "dark web", why it exists or what goes on there in real life. The free exchange of information is the purpose of the "dark web", not criminal activity. But, that is a story for another platform.)
As we have said many times before, branding is second only to a performance from a critical standpoint. So, the "dark" was taken out of DogeCoinDark. To further strengthen its position in the cryptosphere, this name change removed any reference (one of our favourite cryptos), Doge. Although Doge is a robust and reliable coin, it is still seen by many as the joke it was meant to be when it was first created. So, again, separation through rebranding.
Verge Coin Prediction: But What Is Verge?
Are you looking for verge coin prediction? Verge is a Proof of Work (if you do not understand what Proof of Work means; keep an eye on our articles where we will explore that, and Proof of Stake extensively) algorithm based cryptocurrency built on top of some of the most robust encryption in the cryptosphere. Without a doubt, the encryption here is a work of art. But, not only is this coin wholly secure and anonymous, it is as all-inclusive as any currency we know of in the cryptosphere. How will the verge coin price change? What is a real verge coin value?
Keep reading this blog post to learn about verge coin price prediction.
How is it, all-inclusive?
Not only does the 16.5 Billion Verge in circulation keep the price down (currently it's $0.013 each) Verge has a secret that every miner (and wannabe miner) will love. Whereas most crypto coins are built to run a single mining algorithm, Verge allows five different algorithms: Scrypt, X17, Lyra2rev2, myr-groestl, and blake2s.
With all of these choices, anyone with even a primary CPU or GPU mining setup can mine Verge coins. This ability also allows everyone to collect their money into this vault of a cryptocurrency and protect their privacy to the fullest extent known to the modern world.
And that is why we here at CryptoDetail love Verge. We would tell you that we use it and you should too. But that would defeat the whole purpose of it. Whether you use Verge is entirely up to you. But, you should most definitely check it out.
Unlike our standard closing, if you check out Verge, and mainly if you use it, we do not want to know about it. Your business is your business. That is, after all, the purpose of anonymity and privacy.
Nothing in the above article is intended or presented as "financial advice". We here at CryptoDetail are not CPAs. Before buying any coin or token or before making any financial decisions, it is up to you to do your due diligence. Then, once you are well informed, it is up to you to discuss your situation and strategy with a reputable, local, crypto-friendly CPA to protect yourself and your money to the fullest extent possible in such ventures. Anything you have read here is merely our assessment and opinion from the facts we have uncovered through our research.
Thanks for joining us for this exploration! Good luck on your crypto journey!! Happy HODLing!!!