This article was first published on vergecurrency - Medium
What is ….
Today we will learn what is XVG is and what it isn’t
First we will start with the basics and look at the symbol XVG. When XVG started as a brand X was used to differentiate currency coins from tokens, thus many of the older projects have an X in their name.
VG, is for VerGe Currency.
Secondly, what is not Verge. Verge isn’t a company. It’s a gathering of blockchain passionate from all walks of life, that seek improvement within the space. Verge Core, is comprised of the people doing the heavy lifting in order to make sure Verge Currency can be used by its users. The Core can be split into two categories, those who develop for the blockchain and those who inform people of what Verge is.
So what is Verge?
Verge is a project started in 2014, as a learning process under the name dogecoin dark, it was initially a fork of another coin called Peercoin.
Today Verge Currency operates from the latest bitcoin source code, with added privacy options. With the goal of enabling people to use the privacy they need for everyday life.
Unlike Bitcoin, Verge is fast, with less than 1 second to confirm a transaction, and does not cost much to use. Most transactions cost 0.1 xvg.
As a currency, Verge has had no pre-mine, which means that there was no team wallet holding coins & the source-code is open, so anyone can contribute on github. Secondly, there was no ICO, and Verge is not a company; meaning the team is comprised of volunteers.
What does Verge as a currency mean? It means that when you purchase Verge, you aren’t purchasing a stock, you are purchasing another currency, like USD or EUR. The team works hard to prevent pumps, and ...
To keep reading, please go to the original article at:
vergecurrency - Medium