History of XVG (Verge) Coin PART-1
Verge (XVG) is a privacy-focused cryptocurrency that was created to enable fast and secure transactions while maintaining user anonymity. It has gone through several stages of development, rebranding, and various partnerships since its inception.
Here’s a detailed look at the history of Verge (XVG):
1. Early Days: DogecoinDark (2014)
Launch Date: 2014
Original Name: DogecoinDark
Creator: The project was launched by an anonymous developer who goes by the pseudonym Sunerok.
DogecoinDark was initially a fork of Dogecoin, inspired by the need for a more private cryptocurrency. The main goal was to create a coin that would integrate privacy features, as privacy was becoming a significant concern for cryptocurrency users. The developers added features that masked user identities and provided a more secure environment for transactions.
Privacy Focus: DogecoinDark’s primary focus was to provide anonymity and transaction privacy for users by using Bitcoin’s codebase, adding darksend (now known as CoinJoin) to obscure transaction sources.
L2. Rebranding to Verge (2016)
Rebrand Date: 2016
New Name: Verge (XVG)
In 2016, DogecoinDark was rebranded as Verge (XVG) to mark a new direction for the project. The new name, Verge, was chosen because it symbolizes the project’s ambition to operate at the forefront of privacy technology.
New Vision: The vision behind the rebrand was to create a cryptocurrency that focused on providing privacy and anonymity while also ensuring faster transaction speeds and a low transaction cost. Verge’s target audience included individuals who were seeking greater privacy in their financial transactions, such as users in high-risk or politically sensitive areas.
Technical Changes: Verge incorporated several privacy features, including the integration of Tor (The Onion Router) and I2P (Invisible Internet Project). These features allowed users to conceal their IP addresses and locations, adding an extra layer of security to transactions.
To be continued ....
