Verge’s Wraith Protocol Leaves Speculators Unimpressed

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Verge’s Wraith Protocol Leaves Speculators Unimpressed

January 3, 2018 News 0

It is evident a lot of the top 50 cryptocurrencies and ICO tokens derive their value from speculation first and foremost. Most of these projects have no working product, and their developers announce features which may or may not be delivered on time. In the case of Verge – a coin recently hyped by John McAfee – it seems the launch of its Wraith protocol has triggered a massive sell-off. That’s not entirely surprising, considering this new feature is not that big of a deal upon closer inspection. Verge’s Wraith Protocol Implementation is Live A lot of Verge supporters have been looking forward to the launch of the so-called Wraith protocol. Any privacy-centric cryptocurrency or digital token needs to keep evolving at the protocol level. Although it seems the Verge team has done a pretty good job so far, there was still a need for the Wraith protocol. However, whereas some people thought this was the Holy Grail of privacy, it remains to be seen if that is the case. Although Wraith is still a valuable addition to the project, a Tor-based connection is not without its security or privacy flaws either. Moreover, anyone who genuinely values their privacy can simply use Tor independently of Verge and achieve a very similar goal. Whether or not this feature warranted all of the price hype it’s received over the past few weeks will always remain a big mystery. However, it seems the market hasn’t responded to the new feature all that well. That is quite surprising, as the Wraith protocol…
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