There are a lot of conflicting opinions on the Verge cryptocurrency as of right now. This is not a big surprise, as the project has always been considered to be rather controversial. The network’s most recent “accidental fork” goes to show there is still a lot of work to be done before this project can be taken seriously. Verge Just Keeps Getting Better (Or Worse) For those who are unaware, the privacy-oriented Verge cryptocurrency either suffered a hack or an accidental fork earlier this week. It is believed that close to 250,000 XVG has been “misplaced”. Assuming this was a hack, close toPowered by WPeMatico
The past day for Verge (XVG) represents yet another fiasco for the highly controversial Dogecoin fork. Hackers have managed to mine an XVG block every second through a timestamp exploitation coupled with a 51% attack. To make matters worse, hasty developer responses have actually rendered the network even more incapable through an ineffective hard fork. Since yesterday, hackers have mined over 17,000 XVG blocks. This translates to over 20 million XVG, a bag worth over US$1 million. The developer has already asserted that these coins will not be reverted, blacklisted, or burnt, making the hack absolutely successful. The hack took place
Verge, a ”privacy coin” famed for the zealotry of its community, has fallen prey to a 51% attack. A malevolent miner gained majority control of the network hashrate, a feat that makes it possible for the controlling entity to modify transactions, calling the integrity of the entire blockchain into question. Around 250,000 verge were stolen […]
Partnership announcements have long been a tool for pumping altcoins and shilling ICOs. In fact, promoters are now interpreting the term so broadly that if they are using Word to write a whitepaper or Gmail to handle communications they might as well claim to be partners of Google and Microsoft. The most infamous example of […]
Verge, a cryptocurrency that advocates “advanced privacy as a choice”, had its Twitter account hacked on Tuesday and its developer’s private details shared. The attacker then bragged about the feat to the account’s 265,000 followers and attempted to scam them out of verge (XVG) cryptocurrency. By the time the account had been restored, the price […]
2018 has been rough for cryptocurrencies as a whole, with coins across the board seeing significant losses and general interest in the sphere gradually declining. However, there are a number of projects that have stuck out as performing particularly badly in the first quarter. Here are five of the biggest fails: 5. Verge (XVG) Wraith Protocol Launch While Verge’s major development, the Wraith Protocol, was slated to launch at the tail end of 2017, several delays pushed the actual release of the development into early January of this year. While supporters and speculators were highly anxious to see the actualities of
Cryptocurrencies are speculative instruments, their price predicated upon future prospects rather than current reality. As a consequence, many of them don’t qualify as outright currencies – at least not yet. While the likes of bitcoin, bitcoin cash, and ethereum can be freely spent on desktop and mobile, dozens more are barely usable outside of crypto […]
When media outlets report on the massive gains seen by cryptocurrencies in the monumental year of 2017, they often reference Ripple (XRP) as the biggest winner, which gained 36,000% in value from start to end. While Ripple did see the greatest price increase throughout the year among large and well-known coins, there are a number of other coins which far outperformed even Ripple. Pepecash On January 1, 2017, an infant Counterparty (XCP) based artwork registry system known as Pepecash was quietly cultivating a community of artists and meme enthusiasts. In mainstream media, Pepe the Frog had been subject to much controversy due to its association