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Verge [XVG] into smelly business, buy seafood using XVG now!

Simran Alphonso

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Verge [XVG] into smelly business, buy seafood using XVG now!
Source: Public Domain Pictures

The digital money world has confronted various assaults on its innovation since its initiation. Verge [XVG], which is moderately a little coin on the digital currency showcase, faces criticism due to their system’s undermining cryptocurrency essentials. Slowly, the coin is gaining its goodwill by updating its system and onboarding better trading platforms.

Tackle Box is a seafood serving company, they serve up a variety of Cajun-style fare. Recently, Tackle Box tweeted:

“Now accepting #VERGE & #TPAY thru @CoinPaymentsNET #PayByName tag-$TACKLEBOX $FISHINGforCRYPTO #xvg #tokenpay @vergecurrency @tokenpay @officialmcafee @FishinNations #fish #fishing #tackleboxNJ #fishinNATIONS”

A Twitterati OSD commented:

“Wow I’m selling my house to buy verge a fish store can finally accept my verge omg

In the earlier tweets, Tackle Box tweeted:

“JUST MADE #CRYPTO HISTORY! A customer going #fishing just asked to #paywithverge YES! NO PROB! #xvg #verge”

Along with this, they made a video wherein a client of Tackle Box paid for the fishes through a wallet offering Verge [XVG] as a payment method.

To this, Cloonson, a Twitter user commented:

“Just saying. That looked complicated as fuck. Searching for the authenticator code… waiting for the confirmation email… waiting for binance to even process it… people could make a meme out of this “How easy it is to pay with crypto””

Kris Chase, the Marketing, and Operations guide of Verge had tweeted about a fix that has been refreshed on GitHub by the advancement group. Users over different online networking stages like Twitter and Reddit kept discussing the activities undertaken by Verge with a specific end goal to defeat the eventual outcomes of the system bugs. There are theories stating that Pornhub and Verge [XVG] partnership might be in danger due to the DDOS case.

Verge, is the highlight of the market as the bugs in its systems have been an unsolved issue for a long time. The digital currency took the strike twice in the previous month when the second hack took 51% of the Verge innovation, slipping off $1.75 million. 

Verge currently is traded at the price of $0.039 and its market cap is $59 million. In the past 24 hours, the XVG has seen a rise of 0.25%, but the weekly price has fallen to 8.76%




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Simran Alphonso is a Journalist at Ambcrypto. She has a background in Financial Markets and holds expertise in Digital Marketing.

Ripple

David Schwartz of Ripple projects views on tribal behavior of crypto-industry

Priyamvada Singh

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David Schwartz of Ripple projects views on tribal behavior of crypto-industry
Source: Pixabay

In a recent podcast by Internet History Podcast, the Chief Technology Officer at Ripple, David Schwartz discussed the tribal nature that surrounds the cryptocurrency and blockchain space. Here, he addressed the issue as unfortunate and stated that the members of the space must understand that working together and in sync is significant to moving forward. In his words:

“They’re very much like religious battles. You have influential people who are committed to a position that like one digital asset is the best and they can’t acknowledge any of the strengths of others or the weaknesses of their own, which makes it difficult for people to make good decisions about you know which assets to use or what to use them for.”

He switched the subject to the workings of Ripple, wherein he explained that the company is focused on the use case of global payments but is also excited to see innovation in the space. Furthermore, he stated that he expects to see the XRP ledger be used in different sectors of innovation, moving beyond payments.

About tribalism, he said that there are certain social media platforms that fuel the trait, such as Twitter, mentioning the trend as hostile. He also said:

“Tribalism, it’s chasing a lot of people out of the space because of some platforms, particularly Twitter, is just extremely hostile and I think we need to fix that. Again, if the crypto markets are sending us any signals is that we’re all in this together and we need to work together to grow.”

The tribalism that he is referring to is evident in the space as the maximalists continue to promote their respective choice of coin while dissing every other token. This has also been observed in the Bitcoin ecosystem, wherein maximalists like Roger Ver and Tone Vays are involved.


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Altcoins

Tron [TRX] energy cost to be reduced from 20 sun to 10 sun

Priya

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Tron [TRX] energy cost to be reduced from 20 sun to 10 sun
Source: Unsplash

The whole cryptocurrency market has been witnessing a steep downward trend for the past couple of weeks. Even the major cryptocurrency like Bitcoin [BTC], Ethereum [ETH] and XRP, have lost the battle against the ice king. This negative trend has broken down most of the new projects in the market, especially the investors’ sentiments. There are also a few projects and team that are finding it hard to continue their operations because of the bear’s ever-growing presence.

Despite this, Tron [TRX], the tenth-largest cryptocurrency by market cap, continues to make advancements in terms of network development. Justin Sun, the founder and CEO of Tron Foundation presented the second proposal, Proposal 9, has been approved by 2/3rd of the governing body. The proposal is aimed at making the network a developer friendly environment by reducing the energy cost from 20 sun to 10 sun, which, in turn, reduces the cost of smart contact.

Justin Sun's tweet on the proposal | Source: Twitter

Justin Sun’s tweet on the proposal | Source: Twitter

At the time of writing, the proposal had received 22 approvals and no disapprovals. The representatives who voted for the proposal includes Justin Sun Tron, Tron Society, BitGuild, Tron One, Lianjinshu, uTorrent, Crypto Guy in ZA, Infinity Stones, Alle Exchange, Tron Alliance, TronWalletMe, Raybo Tron, BitTorrent, Blockchain Org, CryptoChain, Sesameseed, callmeSR, DApp House, Tron Spark, TRX Market, Sky people, and Tron Europe.

The first proposal of the month was related to maximizing the energy limit of the network, which was also aimed at supporting the developers of the ecosystem. The proposal was approved by all 28 Super Representatives of the network. Super Representative are the representatives of the community and validators of the node who are elected by the token holders. These representatives are given the power to vote for the activation of the features of the Tron Virtual Machine, with the focus on the betterment of the entire community.

Earlier today, the CEO of the Foundation spoke about how Tron surpassed Stellar Lumens, the fourth largest cryptocurrency by market cap. He said on Twitter:

“According to @CoinMarketCap, there are 159 trading pairs of #TRON which already surpassed 157 trading pairs of Stellar. #TRX was already listed on more than 100 exchanges, including Crypto/Crypto & Crypto/ Fiat trading pairs”


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