Verge

Verge (XVG)

Rate in usd

$ 0.01007 (-0.89%)

XVG (-0.89%)
LOW 24H
$ 0.01003
MAX SUPPLY
$ 166.18 M
HASHRATING ALGORITHM
Multiple
BLOCK NUMBER
5804035
HIGH 24H
$ 0.01057
CURRENT SUPPLY
XVG 16,502,677,112.8
PROOF TYPE
PoW
BLOCK REWARD
25

Verge uses the scrypt algorithm. It’s a cryptocurrency that hopes to combine the best features of Bitcoin and Dogecoin, then add in the anonymity afforded by DASH. The block time is half a minute and Verge is verified using the Proof of Work concept.

Verge is intended to be a progressive coin, adding more security, and privacy. It’s an evolving crypto that’s backed by bitcoin, and has a wide array of developer resources and privacy tools.

Block reward measured in coins:

  • Block 0 to 14,000 : 200,000

  • 14,000 to 28,000 : 100,000

  • 28,000 to 42,000: 50,000

  • 42,000 to 210,000: 25,000

  • 210,000 to 378,000: 12,500

  • 378,000 to 546,000: 6,250

  • 546,000 to 714,000: 3,125

  • 714,000 to 2,124,000: 1,560

  • 2,124,000 to 4,248,000: 730

Total reward is around 9 Billion during the first year and then ongoing rewards will be 1 billion a year after that.