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Bitcoin
Bitcoin’s greatest technological achievement was the blockchain - a distributed ledger that provided anonymity to anyone using it. The blockchain is “anonymous” because no one know who owns a Bitcoin address, but Bitcoin isn’t private . When you join the Bitcoin network you connect in a peer-to-peer fashion to many other Bitcoin nodes, and your IP address can be seen by those nodes you’re directly connected to. Seeing your IP address means that, though they don’t know who owns the Bitcoin address, someone can see that you connected. Verge is a direct descendant of Bitcoin, but with several improvements. Verge has a 30 second block-time, compared to Bitcoin’s 10 minutes, and can support up to 100 transactions per second, compared to 7 with Bitcoin. Also, Verge supports a number of different proof-of-work algorithms, some of which work best on CPUs, some on GPUs, and some on ASIC chips, meaning that anyone is able to mine Verge on a level playing field. It also w...
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