Verge XVG and the beauty of the Wraith Protocol (In laymans terms).

The upcoming Wraith Protocol on Verge (6th November) sets a precedent on privacy-focused cryptocurrencies. Already Verge is by far the most privacy- focused/anonymous crypto. However, the Wrath Protocol allows users of Verge to choose whether or not individual transactions are public or private.

What does it mean for the future of Verge?
When transparency is essential, a public ledger offers the solution. These cases include merchants, charging customers for daily purchases, who prefer to have an observable ledger for accounting purposes, etc.
On the other hand, a private ledger also has its purpose. First of all, privacy is a basic human right and carries intrinsic value in itself. Secondly, a private ledger can be used for commercial purposes, such as conducting business transactions and handling of sensitive information. Think of a business owner who wishes to keep some of his activity unseen by competitors to stay ahead of the curve. Another instance would be an NGO operating in a hostile political environment and receiving financial support confidentially.
Ultimately, Wraith Protocol provides the end user with choice, flexibility and unmatched security. Verge’s high volume, low fees, ultra fast transaction speeds and smart contracts functionality have created the perfect recipe for mainstream adoption, while putting your privacy first. As Edward Snowden once said, “Bitcoin is great, but if ‘it’s not private, it’s not safe’”