Verge is a cryptocurrency designed for people and for everyday use. It improves upon the original Bitcoin blockchain and aims to fulfill its initial purpose of providing individuals and businesses with a fast, efficient and decentralized way of making direct transactions while maintaining your privacy.
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Verge's Blockchain Attacks Are Worth a Sober Second Look
Verge, a privacy-oriented cryptocurrency recently propelled into the limelight by a partnership with popular adult entertainment site Pornhub, suffered two hacks perpetrated through 51-percent attacks that saw the attackers absconding with millions of dollars-worth of its native cryptocurrency, XVG. During the first attack in April, the hacker was able to get away with 250,000 XVG. And during the latest in mid-May, an attacker was able to exploit $1.7 million-worth of the cryptocurrency from the protocol.
Is Verge the Next BitConnect? Ongoing Inconsistencies Alert Crypto Community
While staunch Verge supporters are quick to decry "FUD" at any and all negative news regarding their favored coin, an increasing amount of evidence that the project may be a large-scale exit scam is manifesting - notably, the disappearance of over 18 million XVG from the Verge "Fundraising" wallet.