Verge has been hit by a huge blockchain reorganization, resulting in more than six months worth of transactions and balances vanishing. However, devs claim it can be fixed.
Verge is an open-source cryptocurrency launch in 2014 by a team signed only by their nicknames. Initially, the name of cryptocurrency was DogeCoinDark, but it was changed in 2016 to avoid the ‘dark’ connotation. Verge offers anonymous transactions, tangling the IP address and geolocation of its users using Tor and I2P technologies. The main goal of the project is to provide individuals and businesses with fast, efficient, and decentralized transactions while maintaining their confidentiality. The platform works on the Wraith protocol, which stands for technology that allows the user to switch between public and private accounts in the blockchain. Verge uses a mixed algorithm which includes proof of work and 5 different hash functions: Lyra2rev2, myr-groestl, Scrypt, X17, and blake2s.
Could block reward halvings scheduled for the coming year prove beneficial for the valuations of these four cryptocurrencies?50923
A stagnant price period seems at an end as Pornhub is forced to go full crypto for payments.30253
Verge (XVG) price has seen a 33% pump in the 24 hours following Paypal’s move to pull the plug on the adult entertainment website Pornhub.5690
Documents show the startup has acquired a 6.2 percent stake in Australia’s Naked Brand Group.3832
The operator of allegedly fraudulent crypto investment scheme CabbageTech has been indicted on nine counts of wire fraud by a U.S. District Attorney.6462