Home / Crypto Currency / Verge Users Grow Frustrated Over Lack of Updated Windows Wallet

Verge Users Grow Frustrated Over Lack of Updated Windows Wallet

It seems the Verge drama is far from over. Although gloating at unfortunate cryptocurrency users should never be an option, the Verge community has run into a fair amount of problems recently. The latest “hack” affecting this cryptocurrency has left a lot of people unable to access their funds.

Verge’s Woes Continue

Over the past week, a lot of things happened to Verge in quick succession. The positive news is that this currency reached its crowdfunding goal in order to announce a partnership which is still shrouded in mystery. More information on that front should be announced shortly, although a lot of people are still concerned about what this partnership will be all about.
The more worrisome news is that someone seemingly attacked the Verge network. Whether or not this was intentional or due to a bug in the project’s code is difficult to know. Either way, all of the wallets designed for this particular cryptocurrency will need to undergo an overhaul to accommodate the new “settings”.
Unfortunately, this is where the big problem lies, as Verge’s developers are still progressing in this regard. While a Mac wallet is available, it seems things are not going according to plan when it comes to Windows. Considering that over 95% of cryptocurrency users rely on Windows, it is only normal that people expect this wallet to be made public sooner rather than later. For some reason, Verge’s developers have made little to no progress in this regard.
With users being unable to access their funds, a big problem has arisen. A fair few Verge holders cannot access their existing balances with the old wallet, given the issue that affected the network in the past week. Synchronizing with the network is virtually impossible, let alone spending one’s wallet balance. This is not the way things should be going for a cryptocurrency which wants to be the top privacy-oriented coin in the future.
This situation has a lot of people concerned, for obvious reasons. Whether or not the developers can address this problem in a timely manner is unclear. It does appear the Verge price hasn’t been affected by these developments, although that may be because so many people can’t even move their funds right now. Exchanges are likely waiting for the updated wallet as well, as it seems highly unlikely they will have much use for the Mac version.
Issues like these are not entirely uncommon in the world of cryptocurrency. In most cases, we see wallet issues arise when so-called “shitcoins” are involved. Now that Verge has similar problems to contend with, it is evident a lot of enthusiasts will gladly put XVG into that category. We can only hope the developers address these problems quickly, as this is an unacceptable situation.

Read more

Check Also

Enjin Smart Wallet Updated to Support ERC-1155 and ERC-721 Data, Improves Game Asset Management

Although the gaming industry has been ever-evolving and advancing in recent years, players still face significant challenges when it comes to seeing, storing, receiving, sending, and protecting their in-game assets. Enjin Smart Wallet Collectible Update For those who aren’t already familiar, the Enjin Smart Wallet represents the world’s most advanced and secure cryptocurrency wallet thanks to innovative features such as fingerprint login, an intuitive user interface, and the ability to manage and monitor an unlimited number of blockchain addresses. In terms of security, the wallet relies on several advanced measures, including NSA-grade AES-256 encryption, hardware and RAM encryption, a keylogger-safe keyboard, Arm Compiler, and more. In an effort to enable frictionless game asset management, Enjin recently released a major update to its smart wallet, adding rich data and images to ERC-721 and ERC-1155 tokens. Players can now sovereignly manage their in-game assets and crypto collectibles in a decentralized fashion, along with more than 700 other cryptocurrencies supported by the wallet. With the “Collectible” update, the Enjin Wallet will initially support Gods Unchained, CryptoKitties, and War of Crypto game items, with additions from various industries to be introduced in the future. While ERC-721 tokens must be added to the wallet manually, ERC-1155 tokens utilize a different design standard that enables them to be automatically added to the wallet as soon as they are created in-game and provides players with a more frictionless experience. To celebrate the wallet update and recently announced Gaming Multiverse, Enjin is giving away multiverse items that will be usable across several games for all wallet users who register. Future Plans To date, nine games have adopted Enjin’s blockchain development platform and ERC-1155 standard for tokenizing in-game items, and Enjin shows no signs of slowing down anytime soon. The company has announced the future release of its blockchain explorer, EnjinX, which will effectively serve as an encyclopedia for virtual items stored on the blockchain. EnjinX will therefore allow users to view and verify the value and history of items by accessing stored data. Last but not least, Unity Technologies has announced plans to list the Blockchain SDK by Enjin on the front page of the Unity Asset Store. As the world’s largest game development platform, Unity will provide Enjin with exposure to 4.5 million developers that will be able to mint ERC-1155 tokens and use them to create advanced gameplay mechanics via the Ethereum network—all thanks to Enjin’s robust suite of blockchain development tools. This is a sponsored article and does not necessarily reflect the opinions or views held by any employees of NullTX. This is not investment, trading, or gambling advice. Always conduct your own independent research. The post Enjin Smart Wallet Updated to Support ERC-1155 and ERC-721 Data, Improves Game Asset Management appeared first on NullTX.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Disclaimer: Trading in bitcoins or other digital currencies carries a high level of risk and can result in the total loss of the invested capital. theonlinetech.org does not provide investment advice, but only reflects its own opinion. Please ensure that if you trade or invest in bitcoins or other digital currencies (for example, investing in cloud mining services) you fully understand the risks involved! Please also note that some external links are affiliate links.