What is Verge #XVG and why do more and more investors jump on it. In the last couple of days we could see a massive jump of the Verge cryptocurrency up to a new ATH of USD 0.09 which seems now to be in a healthy and good to see consolidation process before the next heights are reachable.
Cryptocurrency Verge has already reached the Top 30s on the cryptocurrency market and analysis proof that Verge might be all the way up towards USD 0.10 for now. The big question is whether Verge is a good investment opportunity or not. Well, to answer that, it's very important that you do your own research before you decide whether or not you should invest in any cryptocurrency. The potential of Verge seems to be massive and still underestimated as it could make its way up to the top10.
The last push we have seen was definately influenced by statements of Mr. Cyber Security himself – John McAfee. On Twitter, John stated:
UNDERSTANDING THE BLOCKCHAIN TECHNOLOGY
Blockchain is not only an improved process of transfering data from a to b but a better and more innovative way to protect privacy and security of the users. In fact, the blockchain technology is changing our lives as we know it. It is a huge innovation and some people call it even a new era and compare it with the beginning
of the internet. Blockchain and Cryptos havebeen and a real break from the usual type of data transacting that we are used to.
It is all about decentralization! Decentralization gives us so many benefits, but we don't understand all of them yet because the concept is still growing. Although blockchain is rather young, a lot of companies have already vastly benefited from this technology. For instance, there have been a number of community projects that have benefited because the companies or organizations behind the projects were able to connect with other parties involved easily and securely. Information and even money can be transferred back and forth quickly without going through any third party. This allows companies or organizations to complete their projects without delay and lessens the possibility that some entity is tracking their information. Blockchain technology is the new wave of technology and is in some way, a sign of evolution in the society.
Many of the so called financial "experts" call Cryptocurrencies a new hype and abubblebecause they are a new concept without knowing that cryptocurrencies have been around since about 2009, but it was only just recently that companies have started digging into it. Many thought that cryptocurrencies weren't a big thing back then. However, many people see the potential of cryptos nowadays. Many big parties are following the crypto news, creating businesses that involve cryptos, and most importantly, investing in them. We can see many traditional businesses trying to catch up!
The main thing that blockchain technology addresses are privacy concerns with regards to social engagement. However, many cryptocurrencies that are run by blockchain technology are not completely private and secure. This might be also the reason why John McAfee sees a very high potential in Verge as it covers most of the privacy gaps other coins simply don't!
Nobody really knows where Verge #XVG will fly to but it looks like a very promising opportunity.
LET'S HAVE A QUICK LOOK AT THE SPECIFICATIONS OF VERGE:
Main Competitors of Privacy Cryptocurrencies (as of 2017/12/18):
- Dash – Rank: 8, MC: $8.504.711.754
- Monero – Rank: 10, MC: $5.476.418.111
- ZCash – Rank: 22, MC: $1.551.914.136
- PIVX – Rank: 47, MC: $415.639.574
- Ticker Symbol: XVG
- Max. Coin Supply 16bn
- Block Transfer Time: 30 Seconds (Compared to Monero with 2min. PIVX with 1min.)
- 100 Transactions per second (Bitcoin 5, PIVX 50, Monero adaptive blocksize)
- Algorithm: Scrypt, Blake2s, X17, Groestl, Lyra2rev2
- 100% Anonymous mobile transactions
- Open Source
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