There are several conflicting opinions of Verge in the Current Market which shouldn't be a surprise as the Project has been through several setbacks recently.
So recently Verge had an accidental Fork/Hack where around 250000 XVG tokens were misplaced. This was later claimed to be an Accidental 51% attack against the Network which I feel is rather Rare. A 51% attack means a Person is in control of over 51% of the total Hashing Power of a Cryptocurrency which is rather Hard to achieve.
Even though Verge uses Five different crypto Algorithms for Mining it seems there are still a lot of Issues in the Code itself. At this point in Time I feel like it's High Time Verge went through a Hard Fork to Prevent such Issues in the Future.
I feel for a Privacy Centric Cryptocurrency Verge's Project Code is Far from Being Secure.
What do you think about this?
Verge is totally a shit coin. A privacy coin that doesn’t provide privacy is total waste of time
Hehe truly Said. The country is themed on Privacy and it's entire Code is full of Holes that's pretty Ironic.
From my understanding it wasn't a true 51% attack from having the hashing power, but rather a bug in the code that allowed the perpetrator to manipulate the timestamp of a solved block. Here's a reddit post that explains it far better than I ever could.
Yes I have read it that's why I said that the entire Code is at fault and Verge needs to Hard Fork rather than trying to fix what's fucked up.
Thanks for sharing information about cryptocrruncy. I hope it will correct soon.
I was hoping to get into Verge but the situation doesn't seem good right now.
That sucks.
Hopefully the recovery will hapen soon
Verge has gone through several Problems I feel like the Team is to Blame for all the Faults.
One or two faults can be slides down but this is seeming to be a Regularity.
I think there should be some regularization to protect the investors and to avoid such happening again
Ok I will look into it when I reach home.