Verge is a cryptocurrency designed to allow private and fast transactions while preserving user privacy. The Electrum Verge Wallet uses anonymity-centric networks to obscure IP addresses and make transactions untraceable. As Verge is not run by a private company and instead relies on community support, its development is driven by many proponents. Transactions are claimed to be confirmed within roughly 5 seconds using Verge's SwiftTX technology. With a wide range of secure wallets available, including private options on Android, Verge is well-positioned for mass adoption of its privacy-oriented cryptocurrency. As an open decentralized platform, Verge has no central control.