The Verge (XVG) protocol has been hacked twice with the hackers managing to mint XVG from thin air. There has been a public outcry even after the recent software patch of the latest hack was announced via Twitter. The XVG team member in charge of marketing and operations, Kriss Chase, made the announcement on his Twitter page as follows:
“A patch has been deployed on Github (10 hours ago). Update has been successfully pushed to [GitHub]. Please keep in mind process to reactivating exchanges etc. may still take some time.”
The response was positive from the Verge family in terms of the XVG development team working fast to resolve the issues. However, concerns still linger as to whether the new patch would be sufficient to sort out the timestamp issue that had led to a rogue miner ‘back-dating’ the timing on blocks to fool the mining protocol.
These are genuine concerns, but there is no software project that has not had teething problems. The Mac, PC, Android Phone or iPhone you are using, has had its rough days in terms of having a functional operating system that still has vulnerabilities that are yet to be discovered. All it takes is some rogue hacker to put some time in it and find such a vulnerability.
Therefore, XVG should still be in your Crypto Investment Radar.
As a matter of fact, this is the best time to buy some XVG in bulk as everyone heads to the hills by cashing out their XVG vault of coins.
Current market analysis indicates that the coin has dropped to the number 32 slot according to coinmarketcap.com. XVG is currently trading at under 5 cents and down 2.29% in 24 hours. The current general market decline is also to blame for the dip in the value of not only XVG to current levels of $0.0414 but the entire crypto-market that has seen BTC go below the $7,500 mark.
One thing to look forward to and with respect to XVG is the anticipated collaboration with TokenPay (TPAY). Both these projects have been collaborating on a lot lately. They have jointly organized a meetup in Amsterdam this June and will be listed together on the same day on a new exchange that is in its ICO phase called CurrenX. Another rumor that might materialize, is the XVG debit cards supported by TokenPay.
Therefore, and in conclusion, XVG still has some promise once the coin and project work past the current FUD that is the hack of its protocol. Meanwhile, if you are a shrewd investor, it might be time to buy in during the proverbial dip experienced by XVG.
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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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Here’s Why This Coin Still Has Wings (WINGS)
WINGS, a decentralized crowdfunding platform based on the Ethereum blockchain, has had a great run over the past two months. Culminating in a peak of US $.23 just a few days ago, the currency behind the product has more than doubled since it’s lows of early September.
Despite the slight downturn WINGS is currently experiencing, this crypto-favorite may not be done running up the green candles on your favorite exchange just yet. A small drop like we had today was actually expected and could be considered healthy by long-term investors. These dips are also appreciated by those of us waiting to get in on a project we feel has real potential. WINGS has shown us that potential and is now presenting a great buying opportunity for speculators and traders looking for the next wave of support to lift this coin into the stratosphere.
What is WINGS?
WINGS was created to nurture project proposals via the Decentralized Autonomous Organization (DAO) model. Using blockchain networks and smart contracts, the platform allows the WINGS community to promote proposals with the greatest chance of positive returns. WINGS, in essence, is a decentralized forecasting ecosystem, where token holders are given an incentive to make choices concerning projects on the platform.
The DAO is a popular concept for crypto-projects that want to remain entirely on the web. Using the peer-to-peer technology of blockchain and smart contracts to enforce the rules of participation is…
6 Blockchain Predictions For 2019
As 2018 moves closer towards its end, investors, developers, and tech enthusiasts are starting to turn their gaze towards the future. 2019 is less than two months away, and it promises new breakthroughs and large changes. This is especially true when it comes to blockchain technology.
While 2018 was an important year for this technology’s development, many are wondering what awaits us in the near future. Because of this, we have created a list of 6 predictions regarding the blockchain, as well as what might happen to it in 2019. Let’s begin.
1. Search for new and better business use cases
Blockchain technology is wrongly seen by many as a magical way to resolve all issues that we struggle with today. However, while it is true that blockchain can help with a lot of them, there are still numerous other problems that are better suited to be solved by alternative technologies. Robotics, AI, and similar technologies are not to be discarded in blind faith in the blockchain.
Researchers and developers have recognized this, which is why 2019 will be dedicated to finding specific use cases for blockchain technology. Blockchain will be used in situations where it can have the strongest positive impact. In other words, the goal is not to find places where this tech can fit, but to find places where it is the best fit.
2. Fixing blockchain industry’s image
For a lot of people, blockchain…
TRON DEX Goes Crazy, TRX Founder Asks For More Projects
Less than a week ago, TRON (TRX) community uncovered a new DEX (decentralized exchange) on Tronscan.org. Since TRON community is among the strongest and most supportive communities to ever support a coin, trading activity on this DEX quickly skyrocketed.
So much so, in fact, that TRON’s founder, Justin Sun, felt that he should share this fact on his Twitter account.
— Justin Sun (@justinsuntron) November 13, 2018
TRON DEX sees massive growth in activity
Since Sun shares a lot of traits with TRX community, such as tirelessness and fascination with this project, he was quick to urge the community to come up with additional tokens and projects.
While Sun’s statement that the activity on the DEX is “going crazy” is pretty accurate, many do not realize just how accurate this is. It should be pointed out that the number of tokens on the exchange was 3 on November 10th, when the DEX was originally uncovered. Today, on November 13th, the number of available tokens has doubled.
In addition, 4 out of 6 trading pairs offered on the exchange have experienced significant gains, with the remaining two experiencing only slight drops. The growth was experienced by Dice/TRX (146%), TronWatchMarket/TRX (8.27%), WIN/TRX (89%), and SEED/TRX (1.73%). The drop was experienced…
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