Effects of verge Bitcoin talk understand you especially, if one different Studies looks at and one eye to the Characteristics of Using throws. Fortunately we do the for you ahead made. The Answers to the effect were through the Leaflets of us reviewed, is our Evaluation the User reports. Effects of verge Bitcoin talk understand you especially, if one different Studies looks at and one eye to the Characteristics of Using throws. Fortunately we do the for you ahead made. The Answers to the effect were through the Leaflets of us reviewed, is our Evaluation the User reports. Creating an account on our site will allow you to customize your news stream and unlock additional functionalities! The primary benefit of registring an account is that will give you the ability to customize your news feed and select the sources from which your news are displayed.
Bitcointalk verge speculationThe latest Verge XVG fiasco. What is going on? — Official MinerGate Blog
Decentralization First: Core commitment of Development team and community. Resiliency and Survivability: Decentralization First is to accomplish this goal. Will launch as mainnet, ready for developers, miners and users to immediately start using Ergo. Other: Ergo offers anyone the ability to issue their own tokens non-native tokens on the platform and leverage off its security and decentralization.
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Article comments. No comments yet, be the first to comment this article. Or suggest new tag:. Forgot your password? Login using your Social Network Account. Don't have an account yet? Sign Up Here. Take Bitcoin BTC for instance — many have tried and just as many have failed when it comes to making changes to the ledger.
It is a monumental task that would require time and power consumption on a scale such that legitimate mining would actually be more profitable than theft.
Where tech-savvy thieves have had success is on the user end. Individuals and even major companies have fallen prey to attacks that have left them all but empty-handed and scratching their heads. This is due to poor storage of coins or a general lack of security in the first place and is relatively easy for a skilled hacker. However, the only way possible to change a blockchain itself would be to gain majority control of the distributed network — and that is exactly what happened to Verge XVG on April 4 th.
Verge is a proof-of-work currency focused on privacy that derives its security from the decentralization of its network. If a single actor were able to gain majority control of this network, then they would be able to create and modify the blockchain at will.
The development team claims that , XVG was stolen during the attack, however, there is speculation that as much as 3. It is important to point out that the Verge team is not strangers to controversy.
It would seem that it is not all completely unwarranted. The project, while full of potential, has been very poorly managed along the way, which is reflected most prominently in this latest attack. That being said, many miners and investors have turned their backs on Verge due to a lack of confidence and trust in the development team.
Weeks ago, red flags were already raised when the project lost control of its Twitter account to hackers and recent events have not restored much faith for a growing number of individuals. Details around the recent attack are hazy at best as information from community members and project leaders seem to conflict at every turn.
It is unclear, for example, whether the attack lasted around 13 hours or only 3 as claimed by the lead developer, Justin Sunerok. He also consistently underplayed the attack and even made erroneous or misleading comments over social media and popular forums. The team was able to finally implement a solution that they were satisfied with but apparently were unaware that they had forked the coin by doing so.
When a blockchain forks, a permanent divergence is created in the blockchain. A hard-fork has the potential to damage the security of the network by reducing the number of participating nodes during the switch.