Verge to Improve Security via Hard Fork

Verge cryptocurrency will reportedly undergo a hard fork on block 1 824 150 which should resolve stealth transaction issues and enhance privacy features
22 January 2018   6680

Verge has announced that the hard fork of the coin will occur on block 1 824 150. The decision was made because some mining pools were not running the latest codebase, and as a result some stealth transactions did not get confirmed. Verge tried to soft fork, but not enough pools participated. The new hard fork will assure that miners are up to date and process stealth transactions.

Verge tweet regarding hard forkVerge Tweet Regarding Hard Fork

What is more, the hard fork will make sure all transactions will be processed and confirmed even faster, and it will not affect coins in the wallet. After the hard fork, the users will have 6 days to update their wallets to then still have access to their funds. Moreover, balances at any exchanges will not be affected by the hard fork.

Verge latest blocksVerge latest block at the moment of press

As soon as the stealth transaction will be activated with hard fork at block 1 824 150, at the moment of writing the last activated block was 1820480, and the estimated time until the Verge hard fork is 30:31 hours.

Verge Charts january 2018Verge Charts

Currently, the price of Verge is falling down, it decreased 15% within past 24 hours and 30% during past 7 days, having moved the coin to the 26th place in the list of coins ranked by market capitalization.

At the moment of press, these are main market parameters of Verge:

  • Average price: $0,092518
  • Marketcap: $1 341 606 868
  • 24h volume: $83 587 200

OKEx to Launch OKChain Based Decetralized Exchange

Great role in the upcoming exchange will be played by OKB coin, which will be trasfered to OKChain as soon as its development finished
22 March 2019   79

OKEx cryptocurrency exchange will launch a decentralized trading platform on its own blockchain.

Currently, the OKChain blockchain is in the final stages of development, and its test network may be launched as early as June 2019. When the OKEx blockchain becomes stable enough, it will transfer OKB to it, which will then perform the function of the native OKChain token and be used to pay commissions, as well as in its own decentralized network applications.

The primary purpose of OKChain is to launch the OKDEx decentralized exchange, where the OKB token will be used to participate in presales. In addition, project teams will use OKB tokens to pay the service fee to the super nodes of the network.

While the total volume of OKB emissions is 1 billion, 300 million tokens are in circulation today, and 700 million remain blocked. Of this number, 300 million OKB will be distributed to users through the loyalty program, and 400 million belong to the OK Blockchain Foundation and the exchange team. However, for a more efficient formation of the OKB ecosystem, the blocking period of these 700 million tokens will be extended from 2020 to 2022, writes OKEx.

In addition, OKB will be the only token to be accepted during the initial exchange offerings (IEO) on the OK Jumpstart platform, announced earlier this month. According to the company, it is currently negotiating with various projects and will soon announce the launch of the first IEO on OK Jumpstart, for which investors will be admitted who have passed personal verification and have OKB tokens in their accounts.