Verge (XVG) Latest Project Development Updates 10

Verge (XVG) Latest Project Development Updates

The team at Verge (XVG) have continued to up the ante in terms of being in constant communication with their fans and with respect to the Verge project. The team constantly communicates via twitter and through the project’s Telegram Channel. It is with the latter that Ethereum World News was notified about the most recent developments at Verge (XVG).

In a bid to understand the current developments, let us recap on what was being worked on according to a similar update back in mid July. Back then, the team was working on the following:

  1. Designing and coding the newest version of the Verge Wallet
  2. Upgrading the Verge Codebase to Bitcoin v.0.13
  3. Exploring the potential of the RSK smart contract platform

Recent Developments

Since then, the team has worked on the following aspects of the project:

  • Twitter Poll Outcome

The team had asked its Verge Family via twitter, as to what was the most important goal for Verge from their perspective. 48% of the respondents stated that a new Codebase with RingCT (Confidential transactions) was the most important; 34% emphasized an iOS wallet; 9% emphasized a Desktop wallet; and 9% found that work on the Android wallet was the most important.

Verge (XVG) Latest Project Development Updates 11

The team at Verge has promised to work on the goals as outlined by the community.

  • Technical Storage of Keys

The team at Verge added that they are working on solving the issue of securely storing private keys in the latest version of the Wallet on iOS and the Desktop Version. This is due to the fact that there is an API within both wallets further increasing the risk of private keys. The team further added that:

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.

  • Desktop and iOS Wallet Developments

With regards to the Desktop wallet, the team has raised the Electron wallet version to 3.0.0 (beta – 5) which provides a more stable environment as they wait for the final version of the Electron wallet to be released. The iOS wallet has received some final touches on the recipient selector and the sending transaction screen.

In conclusion, the team at Verge is constantly working to enhance the project and to the liking of the Verge Family. Current market analysis puts XVG at a value of $0.0128 and down 3.19% in the last 24 hours, in a relatively weak Monday crypto-market.