Verge (XVG) is the only thing that all cryptocurrency forums are talking about these days. Although, this doesn’t mean that people are only saying good things about Verge (XVG) because this new cryptocurrency is surrounded by controversy. The reason why Verge (XVG) gained so much popularity in such a short time is because it uses the special Wraith Protocol but sadly, this feature didn’t deliver what it promised.
Wraith Protocol Doesn’t Deliver
Most cryptocurrencies stagnate for months and years before people start investing serious money in them, but this was not the case for Verge (XVG). This cryptocurrency promised total anonymity and a special Wraith Protocol that obfuscates ledgers. This means that people who use Verge (XVG) are impossible to track, or at least this is what Verge (XVG) promises.
As we’ve already stated, the Wraith Protocol was proven to not be so untraceable. A Reddit user managed to find a flaw in the protocol’s software code which showed that its not impossible to trace and that it doesn’t obfuscate ledgers. Although, things get even worse for Verge (XVG) investors.
Verge (XVG) Leaks User IP Addresses
The cryptocurrency leaked a bunch of user IP addresses on the keff website. The website shows the real-life addresses of people who made transactions through Verge (XVG) and the Verge Core Wallet. We should also mention that the said website is also planning on releasing addresses of people who make transactions via Ethereum’s XVG Wallet.
Nonetheless, this major leak proves that Verge (XVG) made false claims when it came to user privacy. This is surely going to affect the cryptocurrency’s price since its all marketing campaign was based on user anonymity and this is exactly what it doesn’t offer.
There is another thing that’s causing Verge (XVG) to be surrounded by controversy. People believe that XVG is controlled and manipulated by “whales” (people who own large amounts of the currency). These “whales” are said to influence the price of XVG in order to sell low and buy high.
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