Verge (XVG) is a decentralized currency that is designed for users who value their privacy. By using multiple anonymity-centric networks like i2p and Tor, it improves upon the original Bitcoin Blockchain.
Verge makes use of multi-algorithm mining support to improve security and provide miners with equal coin distribution.
You can mostly predict the future of a cryptocurrency by the forte of its developmental roadmap. On this angle, Verge is definitely displaying a great potential. As a result of its privacy features, Verge has been one of the best performing cryptos’ in the market so far.
It is in all probability one of the most private digital currencies in the market today. And if you are of the opinion that this altcoin has nothing more to offer, save for what it has already delivered, you are unmistakably wrong.
Let’s take a look at 4 of these imminent developments that is sure to light up the world of Verge (XVG).
Verge (XVG) Rebased Codebase
There have been ongoing efforts by the Verge project’s core developers to change the platform codebase from the time that the Verge (XVG) network was hacked and millions of dollars of the crypto asset were carted away fraudulently.
In the light of the above, the Verge project team were able to successfully upgrade the Verge codebase to Bitcoin Core version 0.13. as this codebase offered improved security protocols and a solid base for the project to proceed on.
Their next move to upgrade to Bitcoin version 0.17 which is 90% complete will mean that Verge network will be in Bitcoin latest core base code. Even though Verge (XVG) has been around for a while, features like multi-algorithm, Tor and stealth addressing differentiate Verge from Bitcoin Core.
The moment this rebasing code is 100% complete, users will enjoy extensive blockchain improvement performance, gain access to improved and revised RPC commands, witness an improved chain validation by reason of PoW implementation and better chain security.
The blockchain network as well will witness improvement in CPU and Memory performance.
Verge (XVG) Merchandise Online Store
Verge (XVG) keeps winning the heart of the cryptocurrency community with its committed team who devotes their time to create more adoption daily.
In order to unify its community, VergeFams, the cryptocurrency thought of the creation of the online merchandise store of Verge (XVG), and it close to completion. Verge is one of the cryptocurrency platforms that had always had a good community of supporters.
Attesting to this, Netcents, in a project adoption partnership sorted for popularity on Verge’s community.
The merchandise online store will afford VergeFams the opportunity to acquire Verge branded apparel. Products on the platform will be bought using Bitcoin (BTC) and Verge (XVG). Although this invention is 90% complete, there is hope that with this Verge (XVG) online merchandise store more awareness will be created for Verge throughout the world.
Verge (XVG) To Incorporate Ring Confidential Transaction (RingCT)
Like Monero, Verge (XVG) plans to begin using Ring Confidential Transactions (RingCT). The RingCT is an algorithm that makes it easy to secure transacted amount by allowing the system to mask the amount of coin transacted.
This algorithm is one of the most dependable private methods to transact cryptocurrency. According to Verge’s roadmap, the RingCT integration is 35% complete.
The complete incorporated of this feature into the Verge protocol will make transactions very difficult to monitor thereby enhancing the privacy-centric nature of Verge (XVG)
RSK Smart Contract Integration on Verge (XVG) Platform
The introduction of the RSK smart contracts is one of the upcoming developments on road map of Verge, and it is certain to push up Verge’s value. This is because by reason of these smart contracts, developers will be able to come up with various forms of Dapps that extend beyond the Verge platform. This news is huge as it will introduce anonymity and privacy in the monetization of blockchain-based applications.
Although the RSK smart contracts is still in the stage of investigating integration at 25%, you can be sure that it is one feature that could easily nudge Verge’s growth value by triple-digits within a few months. Integrating RSK smart contract system on the Verge platform will allow the system to attain 300 transactions per second and confirms most payments in less than 20 seconds.
It is quite impossible to accurately predict the future in the evolving the world of cryptocurrency, so it is tough to say what lies in store for Verge (XVG) beyond 2018. Yet one can still posit due to the impending developments on the Verge (XVG) roadmap that the altcoins future is exciting and promising.
It is definitely an added advantage that there is demand for privacy-centric coins within the cryptocurrency community. And once Verge (XVG) can achieve a higher acceptance level there is of certainty room for its growth potential.