Cryptocurrency

Verge (XVG) Fortifies Ecosystem with Cool Updates

Verge (XVG) Launches 5.0 Codebase Alpha To Strengthening Nakamoto's Vision

Verge (XVG) is always updating its network and informing it’s community about them. First traded on February 16, 2016, the proof-of-work (PoW) coin that utilizes the Scrypt hashing algorithm is constantly getting updated. This time, the Verge network has announced its recent updates. These updates range from security to addition of new languages.

As at the time of writing, XVG was trading at 0.0064 USD and 0.00000103 BTC. What do these frequent updates mean for Vergecurrency? Whenever an issue is noticed with the last update, there has to be a new update right? For the Verge network, the maximum drifting time between blocks was re-introduced.

The blockchain is now fully automated and stable as it has been fully transformed to CircleCI. The first release candidate was also finished as well as some minor coding and development on Ring Signatures.

While Verge is currently working on its Android wallet, it’s IoS Wallet app is also getting updated. In the upcoming release, The iOS wallet will get a new localization feature. The plan is to first permit the community to contribute to language and translation development for the real app.

As it is, contributions are currently being made and languages have been selected, contributors will have to make do with predefined languages. Another update was on the ability of the passphrase mechanism to create the master HD private key.

While these might seem to be boring updates, Verge (XVG) traded down 6.2% against the dollar during the 24-hour period ending at May 9th, Eastern Time at 21:00 PM. Verge has traded down 15.6% against the dollar over the past week.

Verge (XVG) is currently ranked at the 57 positions in the top 100 global cryptocurrencies list. However, some optimistic predictions have it that the XVG will likely climb to $10 in the next two years.

What do you think these updates mean for the future of Verge? Share your thoughts with us in the comment section below.

Disclaimer: Our writers invest in cryptocurrencies and it is possible the author of this article has investment in any of the digital currencies discussed. Some times author's presented information may be laced with opinions. Treat articles as mere information and not as financial advice.

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Rebecca Asseh

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