Having suffered from two coordinated attacks in the last eight weeks, Verge is announcing a new, and hopefully more robust, codebase.
An estimated $1 million was stolen during the first attack in April, with Verge responding with what appeared to be an accidental hard fork. This week another very similar attack, causing losses estimated between $1 million and $2 million, gave lie to the currency’s claims that it had improved its security. According to “ocminer”, who identified the original hack, “nothing really was done about the previous attacks” and the measures amounted to “only a band-aid”.
With concern mounting even among the famously loyal VergeFam, it appears that this time the cryptocurrency may have been prompted into real action. According to Verge Core tech support member “AkashiroNL”, a temporary patch is being applied but “we will have a complete new codebase soon!”
Small update about the 51% attack today. Developer is working on a patch. But something more awsome to look forward to is we will have a complete new codebase soon!!#xvg #verge @Xvghodlgroup #Vergecurrency #wow pic.twitter.com/grEIiv1o1M
— AkashiroNL (@Akashiro_NL) 22 May 2018
“Chris XVG”, who works on Verge’s marketing team, echoed the message, saying that a patch was “on the way” and that these attacks, and Verge’s response, would improve the strength of the network.
#VergeFam Verge was under attack 2 days ago. The whole attack only lasted for 6 hours and a patch is already on its way. Resolving this issue will only make #Verge and our network stronger! Stay updated, follow @vergecurrency
— Chris XVG NL/BE (@Christiaan_jim) 23 May 2018
Fortunately for the VergeFam there is at least some good news this week. PexPeppers Hot Sauce have just launched a new chile sauce, “made possible via Verge Currency” and they are accepting payments in XVG.
— PexPeppers Hot Sauce (@PexPeppers) 23 May 2018
Verge is currently trading around $0.04, about half of its price before the latest attack. The chili sauce news has thus far done little to improve market sentiment.
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