Due to its anonymity and increased privacy, Verge has become a popular means of payment in the infrastructure of gambling and dating services.
Due to its anonymity and increased privacy, Verge has become a popular means of payment in the infrastructure of gambling and dating services. Therefore, some users have the misconception that this coin was designed for illegal activities. Claiming this is as ridiculous as saying that the dollar was invented to buy hamburgers. Not at all! Just because of its versatility, it can be used in different areas of life.
The same is true for Verge. This coin became so popular that it began to be used everywhere for quick and reliable transactions. Having got the best Verge wallets, you will see how wrong stereotypes can be.
Versatility of Verge
Verge was proposed to improve the drawbacks in the Bitcoin crypto project concerning certain aspects:
· Anonymity. Transactions provided by BTC cannot protect the privacy of their parties since it is possible to track information on BTC transactions in the Bitcoin network. To address this shortcoming, developers began obfuscating the owner’s IP address using IP-2 and Tor. With this approach, it became extremely difficult to determine the geolocation of the user.
· Speed of transaction. Processing BTC transactions is quite a slow operation. The developers of Verge managed to significantly reduce the time of transactions. Instead of 10 minutes for BTC, a transaction for XVG takes only 30 seconds to process.
· The transaction fee has also been reduced to encourage the use of this cryptocurrency. This was an important factor that spurred trade and exchange of XVG.
Where Is the Best Place to Get a Verge Wallet?
The best way to store and manage your Verge assets is to open a non-custodial wallet on the Guarda cryptocurrency storage. On this platform, the quality of Verge’s anonymity and privacy will only increase. After all, you do not need to go through a complex KYC verification process and disclose your data. Just download the wallet and start buying, sending, and exchanging your Verge.
Starting to manage and increase your Verge assets, you will appreciate the qualities of this cryptocurrency. And you will also understand why the high-risk business loves it so much.
