How to Run Verge Node

How to Run Verge Node

If you have heard about the potential of Verge and want to launch your own app on the platform, you will need to connect to the Verge blockchain in some way.

This can be achieved through the usage of a Verge node, which is a full-fledged member of the network, that will allow you to deploy and test your decentralized application (dApp), exchange, or any other type of project that you might want to launch on top of the network.

Today, we are going to go over everything that you need to know about running a Verge node with ease.

How to Run Verge Node

Key Points:

  • Verge (XVG) is an open-source and decentralized cryptocurrency that offers anonymous transactions through a procedure of obfuscating the location as well as the Internet Protocol (IP) address of the participants who are transacting. 
  • It was released originally in 2014 under the name DogeCoinDark, however, rebranded in 2016 to what we know today as Verge.
  • Anyone can run a Verge node and be a part of the network with ease.
  • This can be achieved easily with the usage of NOWNodes, which is a blockchain-as-a-service provider.

What is a Verge Node?

A Verge (XVG) node is essentially a member of the verge network, where it is responsible for participating in block creation and for securing the network. Every single node contains a full copy of the current version of the Verge blockchain network, and as such, it is always updated on what is happening within the network. 

This plays a crucial role in any project’s operation, and a Verge node will allow you to promptly get the balance of any XVG address and even see information such as transaction data, block height, or anything else that you might be interested in knowing.

What is a Verge Node?

Pros and Cons of Verge Nodes

Verge Nodes Pros

  • Verge nodes enable incredible transaction speeds.
  • The costs of conducting transactions on the Verge network are cheap.
  • Verge eliminates any chargeback fraud.

Verge Nodes Cons

  • Verge is not as private as other cryptocurrencies within the privacy coin sphere.
  • There are numerous blockchain networks that are a bit quicker than Verge.

How to set up and run Verge Nodes

Verge as a blockchain network utilizes anonymous hub networks as a means of enabling private transactions but also supports multi-algorithm mining with Scrypt, X17, Lyra2rev2, MYR groestl, and Blake2S. 

However, running a Verge node is actually a straightforward process, and we are going to take you on a step-by-step guide as to exactly what you need to do to get started.

nodejs-verge is a VERGE client for node.js and is a fork of the Kapitalize Bitcoin Client intended for use with VERGE.

  • Step 1: Install Dependencies

First, you will need to run an instance of verged to connect with. 

To do this, here is what you will need to complete.

Run the following commands:

Install Dependencies

Then, install the dependencies. If you are on Debian, you will also need to use this command:

  • apt-get install libcanberra-gtk-module.
install the dependencies

Then simply clone the git repository and compile the daemon and gui wallet:

  • git clone https://github.com/vergecurrency/VERGE && cd VERGE && ./autogen.sh && ./configure && make

After that, you will need to install the node-verge NPM package, through the usage of the following command:

  • npm install nodejs-verge

Here is an example code so you can have a better perspective of how all of this works:

Note that everything is chainable.

Then, the Litecoin API is supported as direct method:

Then you need to know about .exec(command [string], arguments, callback [function], which executes the given command with optional arguments. 

.set (key [string, object], value [optional]) accepts either key or value strings or an object that contains settings, while .get(key [string]) returns the specified option’s value, and .auth(user [string], pass [string]) generates authorization header.

  • Step 2: Set Things Up 

You can pass options to the initialization function or to the set method.

In terms of the available options, in the default values you have the following:

  • host localhost
  • port 20102
  • user
  • pass
  • passphrasecallback
  • https
  • ca

Through an encrypted wallet, any operation that accesses private keys requires a wallet unlock.

This can be unlocked through the usage of the walletpassphrase <passphrase> <timeout> JSON-RPC method: the wallet will relock after timeout seconds.

You can pass an optional function, passphrasecallback to the node-verge initialization function to manage wallet unlocks.

  • function(command, args, callback) {}

Note that here, command is the command that failed due to a locked wallet, while args is the arguments for the failed command. Callback on the other hand, is a typical node-style continuation of callback of the form function(err, passphrase, timeout) {}.

You can even hard code the passphrase through the usage of this code:

Now, doe to the fact that passphrasecallback is a continuation, you can retrieve the passphrase in an asynchronous way using this command: 

  • Step 3: Secure RPC with SSL

When we look at the default values, verged exposes its JSON-RPC interface through HTTP. All RPC commands are transmitted in plain text throughout the network. As a means of securing the JSON-RPC channel, you can supply verged with a self-signed SSL certificate, after which you can add an associated private key to enable HTTPS. To do this, in the verge.conf:

  • rpcssl=1
  • rpcsslcertificatechainfile=/etc/ssl/certs/verged.crt
  • rpcsslprivatekeyfile=/etc/ssl/private/verged.pem

If you want to securely access an SLL encrypted JSON-RPC interface you need a copy of the self-signed certificate from the server.

  • Step 4: Testing

To ensure that everything is in order after this setup process, you will need to begin the testing phase.

To do this, you will need to use the following commands:

  • npm install -g nodeunit
  • nodeunit test/test-node-verge.js

And that is how you manually set-up and run a Verge node.

However, note that you always have the opportunity of connecting to a Verge node through alternative methods.

For example, NOWNodes is a blockchain-as-a-service provider that gives you access to over 40 nodes, one of which is the Verge node. All you have to do in order to get connected is to simply navigate to the official website and enter your email address, after which you can click on “GET FREE API KEY.”

full nodes and block explorers

Once you retrieve the key, all you have to do is visit the documentation to find the codes through which you can connect.

FAQ

Can you stake Verge?

Verge is powered by Proof-of-Work (PoW). This means that the token cannot be staked.

How do I pay with Verge?

All you need to do is have a cryptocurrency wallet, fill it up with XVG tokens, and find a location that accepts Verge as a payment method.

Is Verge XVG a good investment?

This is dependent on your specific preferences when it comes to making investments. However, based on fundamental and technical analysis conducted by numerous researchers, this digital asset is a pioneer in some of the technology it offers and could bring solid future results in terms of its prices.

What is XVG coin used for?

XVG is used as a means of making completely anonymous transactions, where the location and the internet protocol (IP) address of the transacting participants is obfuscated.