Verge

Verge is a proof-of-work cryptocurrency launched in October 2014, originally named DogecoinDark, that is built specifically to make financial transactions private and difficult to trace. It claims to address the lack of meaningful anonymity in networks like Bitcoin by routing user connections through privacy-focused layers such as TOR and I2P, fully obscuring the IP addresses of participants. The intended audience is anyone who wants to conduct peer-to-peer payments without exposing their identity or location on the public internet.

Verge uses a Scrypt-based proof-of-work consensus algorithm, meaning miners compete to validate transactions and add blocks to the chain. Its Wraith Protocol enables stealth addressing, allowing senders and recipients to transact across the blockchain in a way that is not publicly linked to their real-world identities, and the Core wallet ships with built-in TOR integration and SSL encryption. XVG is the native token used to denominate and settle these private transactions on the Verge blockchain.

The data stored for Verge does not include a fee revenue stream, so there are no figures available for fees collected, who pays them, or who receives them. The absence of a recorded fee model means that fee-based valuation measures common on this site cannot be calculated or applied to Verge. What is recorded is a circulating supply of approximately 16.52 billion XVG, representing 99.80 percent of the coins issued to date on a point-in-time basis, with only around 0.20 percent of supply still pending issuance, giving a fully diluted value to market-cap ratio of 1.002 at the current point in time.