Verge (XVG) is a privacy-centric proof-of-work cryptocurrency first launched as DogeCoinDark in October 2014 — rebranded as Verge in 2016 — that routes all transactions over the Tor network and I2P to obfuscate IP addresses of participants, with its Wraith Protocol allowing users to choose between a private stealth address transaction mode and transparent public ledger transactions.
| Stat | Value |
|---|---|
| Ticker | XVG |
| Price | $0.00 |
| Market Cap | $76.44M |
| 24h Change | -0.8% |
| Circulating Supply | 16.52B XVG |
| Max Supply | 16.55B XVG |
| All-Time High | $0.26 |
How It Works
- Tor integration — All Verge full node communications are routed through Tor (The Onion Router) by default, hiding the IP addresses of sending and receiving nodes.
- I2P support — Verge also supports I2P (Invisible Internet Project) as an alternative anonymization network to Tor.
- Wraith Protocol — A feature allowing users to choose between public (transparent, like Bitcoin) and private (stealth address-based) transaction modes on the same blockchain.
- Stealth addresses — Private transactions use stealth addresses where each transaction creates a one-time address for the receiver, preventing address reuse and unlinkability.
- Five-algorithm mining — Verge supports five PoW algorithms simultaneously: Scrypt, X17, Lyra2rev2, myr-groestl, and blake2s — distributing mining across CPU, GPU, and ASIC hardware categories.
- RingCT (not implemented) — Verge does not use ring signatures or ZK proofs for transaction privacy; privacy is primarily through network-layer IP obfuscation and stealth addresses.
Tokenomics
| Parameter | Value |
|---|---|
| Ticker | XVG |
| Max Supply | 16,555,000,000 (~16.5 billion) |
| Consensus | Multi-algorithm PoW (5 algorithms) |
| Launch | October 9, 2014 |
| Privacy mechanism | Tor/I2P IP obfuscation + stealth addresses |
| Block time | ~30 seconds |
Use Cases
- IP-private transactions — Send transactions with IP address privacy via Tor/I2P routing.
- Mining — Mine XVG with CPU or GPU (algorithm-dependent).
- Peer-to-peer payments — Fast block times for everyday use.
History
- 2014-10-09 — Launched as DogeCoinDark by an anonymous developer (sunerok / Justin Valo). Based on Bitcoin codebase with Tor integration.
- 2016 — Rebranded as Verge Currency (XVG). Community development takes over.
- 2018 — Verge gains significant mainstream attention after announcing a “major partnership” — revealed to be an integration with Pornhub as a payment method. XVG price spikes dramatically.
- 2018 — Verge experiences a 51% attack exploiting its multi-algorithm mining. An attacker manipulates block timestamps to mine blocks at an extremely fast rate, collecting millions of XVG in uncorrected inflation. A second similar attack follows weeks later.
- 2019 — Second partnership announced with CG Technology (Las Vegas sports betting). XVG integrated as payment.
- 2020–2025 — Verge continues operating but market cap and community have significantly declined from the 2018 peak. Development continues on GitHub.
Common Misconceptions
“Verge hides transaction amounts like Monero.”
Verge does NOT hide transaction amounts or sender/receiver addresses at the blockchain level. Privacy is primarily at the network layer (IP obfuscation via Tor/I2P). The blockchain itself is completely transparent — amounts and addresses are visible to blockchain explorers.
“The 51% attack destroyed Verge.”
Verge survived the 2018 attacks and continues operating. However, the multi-algorithm vulnerability that enabled the attacks raised lasting questions about the security model of multi-algorithm PoW chains.
Social Media Sentiment
Verge peaked in visibility during its 2018 Pornhub partnership announcement and subsequent price spike. Post-hack sentiment turned negative in technical communities. The project retains a loyal community of long-term holders. Crypto privacy researchers generally prefer Monero or Firo for stronger cryptographic privacy guarantees.
Last updated: 2026-04