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Does it still make sense to HODL XVG after multiple attacks? - Global Coin Report
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Does it still make sense to HODL XVG after multiple attacks?

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Verge
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Verge is known for its privacy-centric nature. How does Verge achieve this? Well, Verge uses a wraith protocol that runs on Verge’s Blockchain network, you can send and receive payments privately and benefit from the stealth addressing services that the XVG network has to offer. Basically, you can perform quick anonymous transactions at high volumes with low fees making Verge one of the most in-demand coins for crypto enthusiasts.

Attacks on the Verge network

However, recent reports about a breach on the Verge network have led to doubts on whether Verge’s wraith protocol is capable of providing safety and privacy to the network as well. It’s a common understanding in the crypto space that you can only choose one between scalability, privacy, and security. Recent reports of a 51% attack on verge’s network are a clear indication that Verge decided to have privacy over security and this has not helped the altcoin’s growth momentum gain speed of late.

After a series of partnerships with a variety of industry-leading companies including the deal with Pornhub, many crypto investors are still bullish on this crypto coin and for a good reason. To begin with, unlike most altcoins XVG is on its own category. After all, the privacy-centric space is still pretty new and there are only a few coins that can compare to what verge XVG is offering.

Could privacy save XVG?

Among its peers are altcoins such as Monero, Zcash, Dash and Zencash to mention a few. These cryptocurrencies have been the envy of most with such a strong lure to investors. Is XVG’s privacy-centric feature enough of a reason to hold the coin despite recent attacks? Well, probably not but let’s take a look at the journey that Verge has made so far and analyze whether it’s still a good idea to invest in XVG.

Believe it or not, Verge started out as DogeCoinDark. The cryptocurrency was a fork of Bitcoin that was created in 2014 with the main aim of improving Bitcoin’s privacy.  The good news is that the vision and purpose behind what used to be DogeCoinDark has remained pretty much the same even after it was later on rebranded in 2016 into what we know today as Verge coin.

Is Verge truly anonymous?

But the question begs, is verge truly anonymous? Well, although Verge claims to be an anonymous coin it’s not completely obfuscated. Verge integrates an onion routing protocol that is basically an anonymity network run on TOR IP addresses to obfuscate transaction and make them untraceable.

However, while this might work for browsing online, it is certainly not full proof when applied to publicly distributed ledgers. Sure you can obfuscate your IP address, but regulatory officers will only be required to conduct a Blockchain analysis to find out the identity of the transacting parties on the network.

It’s the reason why Monero implements a ring signature on top of its stealth addressing to boost anonymity on the Blockchain and not only in terms of IP addresses. Perhaps Verge can borrow a leaf from long-standing privacy coins like Monero and Zcash to not only build stronger anonymity protocols but to also regain the confidence of its community.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Top 3 Crypto Trends That Might Go Big in Q2 2019

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crypto trends
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So far 2019 has brought a significant change to the crypto industry. Q1 of this year has seen the rise of the idea of IEOs, the crypto space has finally managed to shake off the bears, and numerous coins throughout the industry have seen their prices grow once again.

The latest rally happened only several weeks ago, and it allowed Bitcoin to surge up by $1,000. Most other coins followed in their own way, but the investors are now wondering what to expect out of Q2? The Q1 started off badly, but it ended up being extremely successful. The chances are that history might repeat itself in the second quarter, as there are some key trends that might point the way for the further development of the crypto market.

1. The rise of IEOs

Back in 2017 and early 2018, ICOs (Initial Coin Offerings) were everything that the crypto space was talking about. Their popularity allowed startups to raise billions upon billions of dollars. Soon enough, however, that ended in a pretty bad way. STOs (Security Token Offerings) emerged as an alternative that does not depend on trust, follows regulations, and it actually holds value. However, asset tokenization might still be in its early stages, and this is something that might come back at some point in the future.

In 2019, however, IEOs (Initial Exchange Offerings) started attracting the…

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The Crypto Space Once Again Divided Over Bitcoin SV

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Bitcoin SV
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The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

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Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

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Ripple
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One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

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