Comparative Analysis of Privacy Measures of Verge Coin's and Monero

Analysis, Pages 3 (525 words)

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Verge (XVG) and Monero (XMR) are the two top privacy coins in cryptocurrency at the moment. The largest mount seen in the entire crypto market is in the Privacy sector. Both of these coins provide anonymity over the Internet, which makes them very popular among the internet users. On the other side, XVG and XMR have also been blamed for setting a platform for transferring money for illegal sources.

Where there is goodness, badness also exists but for the better part, both of the coins are used for legitimate transfer of money.

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Many people believe that user transactions are not secure enough in public, so there should be a private way of transferring money, which is provided by verge and monero. Both of the coins make sure that the user's transfer of money remains anonymous and untraceable. Know the question asked by an investor is which coin is better? Monero (XMR) or Verge (XVG).Verge (XVG) TechnologyVerge currency wallets uses Tor and I2P networks.

These networks allows the user to hide their IP addresses which helps them to keep it private and hide it's location. A VPN is also used which encodes the network traffic. Verge do not believe on the masternode technology, as they thing it can be hacked easily with help of DDOS (Distributed Denial of Service) attack on the Masternodes. XVG believes that this can bring the whole network done. XVG with the help of Tor network is planning to develop a fully anonymous wallet. Verge is much private then the other altcoins such as, Bitcoin.

Monero (XMR) TechnologyMonero uses I2P technology which connects it with nodes to lower the risks of exposing sensitive transaction information and censorship (tba). The XMR technology uses a Cryptonote protocol that sets up the system to give a unique one-time address for each transaction. This protocol allows the blockchain which records a new block but the block cannot be matched with users which makes it much secure than any other coin.

The reports suggest that XMR has 10 times more transactions than BTC making it the best anonymous coin in cryptocurrency.Verge (XVG) vs Monero (XMR)Verge (XVG) has been trying prove itself as the best privacy coin in cryptocurrency, but earlier this year XVG was attacked twice questioning the privacy of the coin. XVG was exposed to attacks with 51% attack rate. Well, this was a huge shock to verge losing almost about 35 million XVG (losing $1.5 dollar at the time). This incident created FUD amongst the investors, whether Verge is a true privacy coin or not. At that time verge was still in building stages but know they are improving to be better at privacy, but still Monero is a bit higher than Verge as far as privacy factor is concerned. Although, XVG has more features than XMR. Verge has a faster rate of transaction when compared with XMR, monero takes take 2 minutes per transaction compared to 30 seconds per transaction of verge. Verge has more maximum supply where XMR has zero maximum supply, XVG has a maximum supply of almost at 16,555,000,000 XVG. This shows verge price with increase as they are involved in more deals.