Verge (cryptocurrency)

{{Short description|Cryptocurrency}}

{{Infobox cryptocurrency

| currency_name = Verge

| image_1 = Verge-color logo.svg

| alt1 = Verge logo

| image_title_1 =

| symbol = XVG

| ticker_symbol =

| coin_definition =

| white_paper = [https://vergecurrency.com/static/blackpaper/verge-blackpaper-v5.0.pdf Blackpaper Verge Currency 5th edition]

| implementations =

| initial_release_version =

| initial_release_date = {{Start date and age|df=y|2014}}

| code_repository = [https://github.com/vergecurrency github.com/vergecurrency]

| status =

| latest_release_version =

| latest_release_date =

| forked_from =

| programming_languages =

| operating_system =

| author =

| developer = Justin Sunerok

| source_model =

| license =

| website = [https://vergecurrency.com vergecurrency.com]

| block_explorer = [https://verge-blockchain.info/ verge-blockchain.info]

| ledger_genesis =

| hash_function =

| issuance =

| timestamping =

| block_time = 30s

| block_reward =

| circulating_supply =

| total_supply = 16.5b

| exchange_rate =

| market_cap =

| footnotes = {{notelist|group=infobox}}

}}

Verge Currency is a decentralized open-source cryptocurrency which offers various levels of private transactions. It does this by obfuscating the IP addresses of users with Tor and by leveraging stealth transactions making it difficult to determine the geolocation of its users.{{Cite journal|last1=Koerhuis|first1=Wiebe|last2=Kechadi|first2=Tahar|last3=Le-Khac|first3=Nhien-An|date=October 31, 2019|title=Forensic analysis of privacy-oriented cryptocurrencies|url=https://linkinghub.elsevier.com/retrieve/pii/S1742287619302312|journal=Forensic Science International: Digital Investigation|language=en|volume=33|pages=200891|doi=10.1016/j.fsidi.2019.200891|s2cid=213272949 |via=|url-access=subscription}}

Verge Currency has a maximum supply capped at 16.5 billion XVG. It uses the Proof of Work (POW) mining principle with multi-algorithm support and 5 different hash functions: Scrypt, X17, Lyra2rev2, myr-groestl and blake2s.{{Cite journal|last1=Li|first1=Jingming|last2=Li|first2=Nianping|last3=Peng|first3=Jinqing|last4=Cui|first4=Haijiao|last5=Wu|first5=Zhibin|date=November 14, 2018|title=Energy consumption of cryptocurrency mining: A study of electricity consumption in mining cryptocurrencies|url=https://linkinghub.elsevier.com/retrieve/pii/S0360544218322503|journal=Energy|language=en|volume=168|pages=160–168|doi=10.1016/j.energy.2018.11.046|s2cid=117167104 |via=|url-access=subscription}}{{Cite journal|last1=Li|first1=Yannan|last2=Susilo|first2=Willy|last3=Yang|first3=Guomin|last4=Yu|first4=Yong|last5=Du|first5=Xiaojiang|last6=Liu|first6=Dongxi|last7=Guizani|first7=Nadra|date=September 2019|title=Toward Privacy and Regulation in Blockchain-Based Cryptocurrencies|url=https://ieeexplore.ieee.org/document/8642798|journal=IEEE Network|volume=33|issue=5|pages=111–117|doi=10.1109/MNET.2019.1800271|s2cid=86487140|issn=0890-8044|url-access=subscription}}