The crypto verse continues to elicit a lot excitement as various platforms continue to evolve. Verge (XVG) is among the coins that is transforming very fast and the latest updates will attest to this. In his announcement to the community, the developer team through Marvin Piekarek, a software engineer at Verge has outlined several developments taking place on the project.
The communication through their Medium blog shows a lot of improvement is underway. This has excited XVG followers and the crypto verse community. The move is seen as a bid to make the platform secure and impress the regulators. Below are the three key areas the team is working on and if successful, it will make Verge more attractive and ready for mass adoption.
New Verge (XVG) Wallet Version
According to the communication to the community, the team is working on the latest Verge wallet release and this will come with additional features. The new release has been in the pipeline for a while and it will be more secure and decentralized. The wallet will focus on reliability and open source based.
This is one of the issues that the community has been looking forward to ad once resolved, investor confidence will be enhanced and users will come onboard. This new version is set to be user friendly with a better user experience.
Verge Codebase Upgrade
The verge team is also focusing on the future growth on their platform and they are working on the codebase upgrade to the Bitcoin v.0.3 version. This will not only create future expansion space but will also make the ecosystem more secure. Once implemented, it will seal al the flaws that the system has been exposed to in the past.
The Bitcoin codebase will giveVerge (XVG) a solid base by integrating Ring Confidential Transaction (RingCT) for better privacy which the community has been yearning for. The codebase will a major breakthrough in ensuring data remains private and secure. This is a way of giving the user full control of their data stored on the blockchain.
Verge (XVG) in the verge of Implementing Smart Contracts
Although the announcement does not make this development clear, but a possibility of adding a Verge side chain is in the offing. This will mean freeing the main chain to ensure fast confirmations and transactions. Smart contracts implementation will also woo more investors and stretch the platforms capabilities.
Most of the developments announced focus on making the Verge (XVG) platform more secure and user friendly to achieve a scalable outfit of the future. However, there is a lot that has been achieved to improve the overall performance and give the investor enough confidence as well as meeting the regulator demands.
Verge (XVG) Team Recent Notable Achievements
The Verge team has learned from past mistakes and appears to have resolved the hacking problems on their systems. This has been achieved through sound leadership and a positive attitude from the community. The team is now building on the opportunities for growth. The unity showed after the hack is a surefire catalyst for Verge growth.
Interestingly, Verge has been building strategic partnerships behind the scenes and these have seen increased adoption. Some unique partnerships include Bamb-U, an Australian outfit that will be using XVG as a payment option for its wide range of sunglasses and watches. Other partners accepting XVG payments include the Europe based Royal Queen Seeds that deals with cannabis and Panchanko, an audio cable firm.
Verge has partnered with WEB Bank where Litecoin has high stake making this an indirect partnership with LTC through the banks TokenPay collaboration. All these and the ongoing developments are set to give the coin price and value a major boost going forward.
The last 24-hour trading session has seen XVG gain marginally to the dollar by 2.42% but lost against Bitcoin by 1.35% to trade at $0.023397. However, the XVG/BTC pair remains the most popular at Binance and Bittrex who are the current big XVG movers.