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Verge (XVG) Up 6.7 Percent After Code Announcement - Verge News. Friday, September 14

14 september 2018, 20:13 by Jofor Humani

Verge Cryptocurrency News

Verge About Changing Codebase to Latesest Bitcoin Version

The Verge team of developers has announced that they were in the process of rebasing the Verge code to the latest Bitcoin version 0.17. The team had in late June announced that it intended to rebase Verge to Bitcoin core coding after the platform was hacked in May and millions of dollars worth of the digital currency fraudulently minted.

The Verge core developers have succeeded in rebasing the code base of the project to Bitcoin version 0.13 and with the ongoing work will upgrade it to the latest version of Bitcoin code with all the security and enhanced features Bitcoin confers.

The team in the announcement of the progress made stated that anyone can fork the Bitcoin code and introduce their own unique features to create a specific coin. They said that the main differences between Bitcoin and Verge in terms of coding are Tor, multi-algorithm and stealth addressing.

XVG Price

Verge (XVG) Up 6.7 Percent After Code Announcement

The XVG has seen some upward movement following the code improvement announced by the team. The coin is presently trading at $0.013 having seen some progress and incentivized by the current market swing. This was after the coin lost more than 14 percent days ago due to the downward trend of the coin market following the slide of Bitcoin price.

Verge had at total trade volume of $5.8 million in the past 24 hours with Binance conducting a large chunk (43 percent) of all the sales. Other exchanges where XVG had substantial trade volumes are Bittrex (19 percent), UpBit (10 percent) and Huobi (5 percent).

There is little indication of the market outlook towards XVG in terms of pressure as holders of the token seem to be looking up to the team for their next move. However, traders are aware that with news good or bad, there is money to be made.

XVG/USD Price Chart, Friday September 14th:

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