# Verge (XVG): D-Score 94/100 — Highly Decentralized

**BlockIndex D-Score: 94/100 (Highly Decentralized).** Verge (XVG) is a Layer 1 cryptocurrency using PoW consensus. Verge (XVG): Privacy-first layer‑1 cryptocurrency with Tor routing, stealth addresses, multi‑algo PoW, and merchant-focused integrations.

_Source: https://blockindex.ai/coin/xvg · Data by BlockIndex.AI · Updated 2026-06-19_

## D-Score breakdown (0-100, higher means more decentralized)
| Component | Score |
| --- | --- |
| Overall D-Score | 94 |
| Node distribution | 30 |
| Initial distribution | 25 |
| Governance | 21 |
| Age and history | 13 |
| Autonomy | 5 |

## Key facts
- Layer: Layer 1
- Consensus: PoW (Other)
- Launch: Fair Launch (2014)
- Founder: Justin Valo (aka Sunerok)
- VC funded: No
- Max supply: 16,521,951,236
- Circulating: 16,521,951,235 (100.0%)

## Market data (as of 2026-06-19)
- Price: $0
- Market cap: $41.5M
- 24h volume: $2.39M
- 24h change: -3.14% · 7d change: +1.54%

## About
Verge (XVG) is a long-standing, privacy-focused layer-1 cryptocurrency originally launched in October 2014 as DogeCoinDark and rebranded to Verge in February 2016. The project was created as a community-driven open-source fork with the aim of delivering fast, low-cost consumer payments while enhancing user privacy. Verge combines network-level anonymization via Tor and optional stealth addressing to obscure sender and recipient metadata, positioning itself toward merchant adoption and everyday payments rather than purely experimental research use cases. The project emphasizes pragmatic integrations such as payment gateways and travel booking services, and has historically funded development through community crowdfunding rather than venture capital, reflecting its volunteer-run ethos.

Technically, Verge is a UTXO-based PoW blockchain that supports multiple mining algorithms (including Scrypt, X17, Lyra2REv2, Myr-Groestl and Blake2s) with the intent of broadening miner participation and reducing single-algorithm centralization. The codebase is maintained openly on GitHub and has undergone modernization efforts (Verge Core v8.0.0) to update the code to modern C++ standards and improve performance. Key privacy-oriented features include Tor integration for wallet traffic routing, dual-key stealth addresses for recipient privacy, optional Wraith Protocol privacy modes, and atomic-swap capabilities to enable trustless cross-chain exchanges when counterpart chains are supported. The project also pursued multichain expansion in 2025 with bridgeable token variants and ERC-20 representations to improve interoperability and liquidity.

In terms of tokenomics and supply mechanics, XVG was introduced via mining and is described in source materials as a fair launch with no premine or ICO. The provided sources report a max supply of 16,521,951,236 XVG and a circulating supply equal to the max supply, implying 100% circulation of the reported cap. Emission is governed by a PoW mining schedule with periodic halving events (documented at every 500,000 blocks in the repository), and the community has historically used crowdfunding events to finance development and integrations. Market footprint is modest but meaningful in the privacy/altcoin niche, with multiple centralized exchange listings and market data coverage on major aggregators such as CoinMarketCap and CoinGecko. Price and market metrics supplied with the summary show a live price near $0.00476 and a market capitalization around $78.7M at the time of the snapshot.

Governance and organization are community-driven and volunteer-centred rather than corporate or DAO-based in the provided materials. No formal CEO or controlling company/foundation is documented in the provided sources; governance is primarily off-chain and coordinated by contributors and core maintainers. The project has reacted to incidents and security events historically—for example, the April 2018 exploit that resulted in an emergency hard fork—demonstrating an active community response model. Developer tooling and infrastructure support are present, including official GitHub repositories, Docker images to run nodes, block explorers, mobile and desktop wallets, and third-party integrations that support merchant acceptance and interoperability.

Looking forward, the project’s stated roadmap and recent activity emphasize interoperability (ERC-20/bridgeable tokens), continued privacy-first merchant integrations, and codebase modernization to improve node and wallet performance. While the project bears risks common to volunteer-run privacy coins—sustainability, potential regulatory scrutiny in some jurisdictions, and historical security incidents—the available materials show ongoing development effort, ecosystem integrations, and an active presence across major analytics and exchange platforms.

## Links
- Website: https://vergecurrency.com/
- Whitepaper: https://vergecurrency.com/static/blackpaper/verge-blackpaper-v5.0.pdf
- GitHub: https://github.com/vergecurrency/verge

---
About the D-Score: BlockIndex.AI rates decentralization from 0 to 100 across node distribution, initial distribution, governance, age and history, and autonomy. Methodology: https://blockindex.ai/dscore