Verge Price

Verge (XVG) is a privacy-focused cryptocurrency designed to offer anonymous transactions by obfuscating user location and IP addresses. Currently ranked #329 with a price of $0.0056, it has seen a +5.21% change in the last 24 hours. Verge uses multiple algorithms and proof-of-work consensus to enhance security and privacy. With a market cap of $92.52M and 24-hour trading volume of $1.48K, it operates on its own blockchain. The total supply is 16.55B XVG with 16.52B XVG in circulation. As a decentralized, open-source project, Verge aims to be a medium of exchange while prioritizing user privacy through its specialized technology that shields transaction details from public view.

Verge was created on October 25, 2014, originally launched as 'DogecoinDark.' In February 2016, it was rebranded to Verge to better reflect its mission of providing privacy-focused transactions. The project has been continuously developed since then, focusing on security and anonymity through multiple algorithm mining technology. As of 2026-02-02, Verge remains an active privacy-oriented cryptocurrency in the blockchain space.

Verge was founded by Justin Valo (also known as Sunerok) and a team of blockchain developers. Justin Valo has a background in network security and cryptography. The project was originally launched as DogeCoinDark in 2014 and was later rebranded to Verge in 2016. Under Valo's leadership, the project has focused on providing privacy-focused cryptocurrency solutions with an emphasis on anonymous transactions.

Verge operates on a blockchain network using multiple mining algorithms (including Scrypt, X17, Lyra2rev2, myr-groestl, and blake2s) to secure transactions. It focuses on privacy through the integration of Tor and I2P technologies, which hide users' IP addresses and locations. The cryptocurrency enables fast transactions with low fees, typically confirming in under 30 seconds. Verge's privacy features include stealth addressing and optional privacy routing, giving users control over their transaction visibility. With a current price of $0.0056 and market cap of $92.52M, Verge has 16.52B XVG coins in circulation from its total supply of 16.55B XVG. The project maintains an active development community focused on enhancing security, privacy, and transaction speed. Unlike some cryptocurrencies, Verge doesn't use smart contracts but focuses on being a secure medium of exchange with strong privacy protections for everyday transactions.

Verge employs a multi-algorithm approach to mining that supports five different hashing algorithms: Scrypt, X17, Lyra2rev2, myr-groestl, and blake2s. This allows for greater decentralization as miners can use various hardware configurations. The core technical architecture of XVG focuses on privacy and anonymity through IP obfuscation, utilizing both the TOR network and I2P to hide users' locations and ensure transaction privacy. The blockchain features Simple Payment Verification (SPV) technology and implements stealth addressing for enhanced security. Verge also utilizes atomic swaps for cross-chain transactions and has implemented the Lightning Network for faster transaction processing. With a block time of approximately 30 seconds, XVG offers relatively quick transaction confirmations compared to many other cryptocurrencies. The network maintains security through a hybrid Proof-of-Work consensus mechanism that distributes mining across multiple algorithms, helping prevent centralization of mining power.

Verge has a promising future roadmap focused on enhancing privacy, security, and scalability. The development team is working on implementing RSK smart contracts, expanding merchant adoption, and improving transaction speeds. By 2027, Verge plans to complete its mobile wallet upgrades and expand cross-chain compatibility. Looking toward 2031, the project aims to establish itself as a leading privacy-focused payment solution with enhanced scalability features. The current price of $0.0056 shows potential for growth as the team executes on their roadmap. With a market cap of $92.52M and 24-hour trading volume of $1.48K, Verge continues to maintain an active development community and growing user base. The project's focus on privacy technology and real-world payment applications positions it well for future adoption.