Verge (XVG) is a privacy focused cryptocurrency that has been making serious waves in the blockchain community. Verge has some great features as a currency; it’s fast, private, secure, and is ready to handle mass adoption. That all sounds good but there’s many other cryptocurrencies that tout the same features. What is it that makes Verge special? The answer is Wraith Protocol.
The recent surge of investors into Verge (XVG) is largely due to the release of their highly anticipated Wraith Protocol. So, besides sounding cool, what is Verge’s Wraith Protocol and why should you care?
Let’s get into it…
Verge’s Wraith Protocol is a new technology that will allow users to choose their privacy setting for each transaction they make.
This is a big deal!
No single cryptocurrency has ever been able to offer this kind on/off flexibility in total privacy control. Having control over your privacy on a per transaction basis will enable Verge to quickly rise to the top as an all-in-one cryptocurrency. Wraith Protocol simplifies your life by eliminating the need for storing both “dark” and “transparent” cryptocurrencies to meet your various privacy needs.
You can trade your BTC for Verge by creating an account on an exchange such as Binance.
XVG Wraith Protocol gives us the power to choose by utilizing both a private and public ledger on the same blockchain. When transparency is essential, a public ledger offers the solution. These cases include merchants, charging customers for daily purchases, those who prefer to have an observable ledger for accounting purposes, etc. On the other hand, a private ledger also has its purpose. Most importantly, privacy is a basic human right and carries intrinsic value in itself. You don’t have to partake in criminal activities by using a private ledger. It can be used for both personal & commercial purposes, such as conducting business transactions and handling of sensitive information.
Verge has made using Wraith Protocol so easy you don’t have to be a hacker to get the privacy you want. It’s super simple to use, when Wraith Protocol is turned ON — the transaction data is hidden and not visible via the blockchain explorer. When transparency is required, Wraith Protocol would be turned OFF, allowing the transaction data to be viewable on the public ledger.
Ultimately, Wraith Protocol provides the end user with choice, flexibility and unmatched security. Verge’s high volume, low fees, ultra fast transaction speeds and smart contracts functionality have created the perfect recipe for mainstream adoption, while putting your privacy first.