The Best Anonymous Crypto-currency: Monero (XMR) or Verge (XVG)?

in #cryptocurrency7 years ago

                                           

Whether we like it or not, most of our private information can easily be found online by almost anybody. Mega Internet corporations like Facebook, Apple, Google, Microsoft and others know everything about us. Sometimes, even more than we know about ourselves. How is that possible? Because they have special teams that study our online behavior, where we click, what we type, who we become friends with, the pages we like, etc.

Have you ever wondered what these mega tech companies do with your private information? It's usually one or more of the following:

  • Sell your private data and info to interested 3rd parties.
  • Give out your private information to advertisers to provide them with better targeting.
  • Hand over your private information to governments or tax agencies If asked for it

Basically, they have a second key to your house – and If not, they will usually have a back door to it. 

There is no such thing as privacy on the Internet

As more and more people get into the crypto-ecosphere and make more than enough money to pay off their debts, buy lambos 🚘, and rely on digital currencies to do their day-to-day payments.

World governments and central banks will not be happy about this (as they'll no longer have a key to your house) and they'll do whatever they can to STOP people from investing and using these crypto-currencies.

When this happens --- truly anonymous, private, and decentralized crypto-currencies will skyrocket to the moon as more and more crypto-enthusiasts and rich people will realize that privacy-focused coins are the new safe haven to store and invest their money in with no central authority.

The Top Anonymity-Centric Coins

If It's on the Internet, It's not private

Well, not anymore...

There are a lot of coins in the crypto-ecosystem that claim to be private, anonymous, and even untraceable – such as Dash, Zcash, PIVX, and others.

But in reality, we all that Monero (XMR) and Verge (XVG) are arguably more private and anonymous than other digital currencies. Both of their communities debate on which one is more anonymous and private. 

Monero – secure, private, and untraceable

Monero (XMR) is working on implementing a so-called Kovri project to integrate the i2P anonymous network into it's code... Most people don't know this but the #WannaCry hackers quickly rushed into converting their Bitcoin into Monero (because it's 10X more anonymous than BTC).And also, some very wealthy individuals around the world are already using Monero (XMR) to safely store and transact their money with total privacy instead of using central Swiss bank accounts and Panama papers.

Monero is the most well-known ''privacy-focused'' crypto-currency out there --- perhaps due to it's bigger market capitalization, price, and trading volume. There is no doubt about it, Monero's privacy technology is superior to that of other crypto-currencies as most transactions on the XMR network are private by default. There is no way to find out transaction amounts, sender identity, or receiver identity.

Verge – secure and anonymous cryptocurrency, built with a focus on privacy 

Verge (XVG) strives to become the world's most anonymous crypto-currency as they already use one of the Internet's most anonymous and privacy-centric networks Tor and i2P. As well as their own invention --- the blackhole technology. Which basically means that your IP address is shielded during transactions. 

So which one is more anonymous? 

As of this moment, Verge (XVG) is clearly the winner! As they already use the I2P network to hide and obfuscate their users' IP addresses (something that XMR doesn't have currently, but their planning to develop that in the future by using the Kovri project). 

Here are some of the main advantages of using Verge (XVG):

  • Complete anonymity and privacy (Tor and I2P)
  • Decentralized and open-source
  • One of the most supportive communities in the crypto space
  • Active dev team 
  • Ultra-fast transactions (~ 5 seconds)
  • Secure Tor and I2P wallets
  • RSK Smart Contracts (soon)

Finally, I will just leave this here...

                                                          Thoughts?

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I totally agree it is better as it has already got the i2p integrated where as money doesn't have it at the moment if they get it integrated soon then monero would be better I think.

Exactly, right now XVG is superior to Monero in terms of anonymity.

The truth is a little bit different. Monero is anonymous while Verge is only optionally anonymous and it is considered the privacy focused version of Dogecoin https://monero.stackexchange.com/questions/6813/what-is-the-difference-between-monero-xmr-and-verge-xvg. Also Monero can be use with TOR network even if it requires some configuration https://github.com/monero-project/monero.
The only advantage of Verge over Monero is the transaction fee of 0.1 XVG that are about 0.02 $ while for Monero about 10 $. Monero reaches 1000 tps while Verge only up to 100 tps.

Wow, dogecoin and verge are nothing alike. you ever download projects from github and go through bitcoin, litecoin , monero, pivx, verge , dogecoin and many more? i'm a lead developer - and you do not know what you are even talking about. dogecoin was some old code and it is nothing like it. use beyond compare or winmerge etc... and look through the code for both dogecoin and verge.

Are you sure? People say that the truth is different http://cryptocoin.cc/table.php?cryptocoin=verge https://www.reddit.com/r/vergecurrency/comments/7mnevr/correcting_those_who_think_verge_is_a_fork_of/
However, I do not mind about the fork, but about the quality of the projects.

I recommend that you enter https://wcex.co/?ref=urq1g3D you will get 50 free WCX Tokens and 15% if you want to invest, this currency is now in the PRE-ICO stage and is the best time to invest!

Good post. I was looking for opinions to help sway me between a Monero and a Verge investment. Verge is skyrocketing right now, but it's still far behind Monero in terms of market cap. So, now's still a good time to invest in Verge, I think.

Thx for sharing your thoughts.

Still under one dollar ... life is giving you a second chance after all that FUD ... NO PREMINE, NO ICO, NO IPO : Among the best blockchain ever created. Ready for mass adoption. Business and everyday life. Big strong community behind, Ultra-fast, decentralized, secure, open-source platforms. With VERGE you can choose to make completely private transactions

Verge is truly the way to go

Anyone have thoughts now?

im wondering too. Lots of hype around verge. Its going to be an interesting battle seeing which privacy crypto will be best and how.

Nice speech! I choose the right one 😀

Nice comparison. Very informative. I have written a similar article on the same subject as well yet this article opens my eye. Kudos.

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