Maybe one of the biggest reasons for having Verge growing promptly in its price might be the fact that the dev team behind XVG has had some major announcements during the past week that obviously caught investors’ attention. However, the news we picked up don’t seem so positive at all – it rather seemed like an attempt of over-hyping the importance of the released announcements.
From the technical point of view, Verge has a lot to offer to the world of cryptocurrencies and blockchain technology thanks to its newest addition, Wraith Protocol. Wraith Protocol allows users to easily switch from operating with data on a public ledger with data operations on a private ledger on Verge’s blockchain system.
That means that users can choose for the first time whether they want their data visible on the public ledger or only accessible on a private ledger. In case data transfer demands transparency, users can easily switch Wraith Protocol off and have their data visible through the public ledger.
Moreover, more and more people are accepting XVG as a form of payment, so Verge seems to be doing pretty well in general. Verge is a currency with 555$ million in market capitalization, so it is a bit strange how their public relations agents are promoting a crowdfunding campaign.
On March 19th, Verge announced via its official Twitter account that they are launching a crowdfunding campaign. In this statement, Verge team announced that they need to collect funds so they would be able to implement some very important elements regarding Verge’s system. Read more from globalcoinreport.com…
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