Verge Coin: Everything You need to Know as XVG Community Member

One of the reasons why the Verge Coin (XVG) community is so supportive is because they are kept on the loop on the project development. The constant communication has enabled the resilience that the XVG coin has shown across the crypto verse. With communications channels limited, the Verge Coin developers have developed a soft spot for the Medium blogging interface, Twitter and Telegram.


As a follow up on their July development recap that included a new Verge wallet design and code, shifting to the Bitcoin v.0.13 from the old codebase and exploration of RSK smart contract possibilities, Verge Coin latest update covers three key areas:

  • Outcome of the recently conducted Twitter poll
  • Technical storage outlook of wallet keys
  • Further insights into the current development of the Verge project

Verge Twitter Poll Results Update

The Verge Coin (XVG) twitter poll intention was to involve the community in making decisions that are poised to drive the platform forward. With the ecosystem, community member involvement helps the team capture the general consumer expectations and implement what is popular among the user base. This is part of the outfits’ transparency move that seeks to popularize and grow its subscriber base.

The Twitter poll sought to know the community development priorities and the results yielded a positive milestone for the developer team. A new codebase came tops with 48% of the respondents fronting for it; this codebase comes with confidential transaction (RingCT) function. The second tier of respondents at 34% felt that iOS wallet should be given priority compared to 9% who wanted the desktop wallet version be given first priority with another 9% voting for an Android wallet.

The percentile prioritization gives the Verge Coin team to work on each individual feature and ensure the community suggestions are addressed. This will strength the community’s passion and entice additional onboarding as the native coin XVG struggles to gain more traction.


Addressing the Verge Issue Storage of Keys

Securing private keys on the Verge ecosystem has been in the offing and the latest update emphasizes its importance. The update posted on the Medium says in part:

“Due to the use of the insight API within our latest iOS wallet and in our desktop wallet, we must find a way to store our private keys securely. As such, many people have asked us on Twitter how we are going to solve this? Well we don’t know it, yet.”

With the introduction of the Desktop and iOS wallet versions, the team has embarked on ensuring private key storage is not compromised given the presence of an API in the wallets that seems to compromise on the secure private key storage. In the issue, the team has noted:

“Due to the use of the insight API within our latest iOS wallet and in our desktop wallet, we must find a way to store our private keys securely. We are going to establish the BIP39 Format, which allows you to recover your private keys using a personal word combination.”

Verge (XVG) iOS and Desktop Wallets Update

Addressing the issue the iOS and Desktop wallets is a timely move given the increasing preference of the two gateways in access crypto funds. Developing these two wallets means additional stability and a better transaction environment. This has seen the upgrade of the Electron wallet from beta-5 to 3.0.0 version. The interface has been tweaked on the “send” and “receive” functionalities and more continues to be undertaken.

The ongoing development and communication to the community means Verge Coin is focused on the future while heavily banking on the user input. However, the update has not affected the XVG coin performance in the market. XVG is still trading in the read after shedding 6.78% to the green buck to trade at $0.013356 at press time.

Here at Dollar Destruction, we endeavor to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

Author: Albert Kim
Image Credit

Don’t forget to join our Facebook channel for Crypto, Business & Technology news delivered to you daily.