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Verge to Implement Confidential Transactions, RSK Smart Contracts, Anonymous Mobile Wallet in 2019

  • Yuri Molchan
    ๐Ÿ“ฐ News

    Verge team is implementing its roadmap, some things are about to be introduced


Verge to Implement Confidential Transactions, RSK Smart Contracts, Anonymous Mobile Wallet in 2019
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Recently, the Verge (XVG) platform has been climbing up, partnering new big companies, like Pornhub, and others. Small firms have been starting to accept XVG as payment.

Later on, the team updated their roadmap and brought it up to a new level. Certain stages of it are about to be completed already.

The performed innovations

They have already released the XVG Core Wallet 4.0, which includes Tor Integration and Optional Stealth Addressing.


The XVG developers also plan to upgrade their website to make it easier to use on mobile phones, put up the updated roadmap on it and a blog with the official company news.

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Some innovations are only about to be completed, though. For example, Verge Merchandise Store with XVG branded apparel- 90 percent complete. Also, the XVG Miner for Windows, Official Mining Pool and Mining Guide- are all 75 percent finished.

Other upgrades ahead

Similarly to Monero, Verge intends to start using Ring Confidential Transactions (RingCT). This system allows masking the amounts of coins transacted. Along with this 35 percent completed feature, another powerful multisignature mechanism will be integrated, which will make transactions very difficult to track.

Implementing RSK Smart Contract system in the Verge platform is 25 percent complete. It will allow the system to make 300 transactions per second and verify payments in less than 20 seconds.

Among other plans is to start using anonymous mobile transactions through the I2P system via the XVG Android wallet, which will be released in 2019. The I2P network ensures a powerful secure environment for messaging over the Internet.

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Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader


Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader
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Itโ€™s been over two weeks since Bitcoinโ€™s astronomical surge on Apr. 2, but new theories about what might have caused this bullish uptick continue to pop up. According to crypto-oriented analytical firm CoinMetrics, that epic surge was causes by a single trader.

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Mammoth-size trades

CoinMetrics claims that โ€˜a single committed traderโ€™ concocted a plan to push the BTC price, and he successfully managed to do that by picking the time of the day when the global liquidity is at its lowest level.


(Source: CoinMetrics.io)

(Source: CoinMetrics.io)  

The report also suggests that the trader started to execute his plan on HitBTC (500,000 USDT were traded for Bitcoin prior to the price movement). After that, large trades were observed on Coinbase and Bitfinex.      

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Focusing on the future

Meanwhile, as reported by U.Today, another theory states that the rapid price surge was triggered by the expiration of the CME futures contracts and heavy spot and over-the-counter buying. One expert went as far as claiming that a simple April joke about the Securities Exchange Commission (SEC) could do the trick.

While no one is quite sure about what could have triggered the short-living rally, there is even a bigger disconnect when it comes to Bitcoin price predictions. While some share their bullish predictions for 2019, another report states that it could take 22 years for Bitcoin in order to match its current ATH of $20,000.

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