Verge Supporters Disappointed with Buggy Wraith Protocol
When the word of Wraith Protocol to hit the streets, there was no doubt that Verge (XVG) supporters anticipated it with excitement.
After all, there were predictions that the release would help Verge’s price skyrocket.
As expected, when Wraith Protocol would go live on New Year’s Day, the price jumped from $0.14 to $0.236 within the span of fewer than 24 hours.
Thus, a growth spurt of 169% was achieved. Despite John McAfee’s claim on fear, uncertainty, and doubt on the protocol, the price continued to surge.
However, it was not a happy ending for the Verge traders. Despite the initial good results, supporters and traders were disappointed as only the OSX version of the said protocol were released.
The versions compatible with Linux and Windows were deemed unsuitable for release, therefore, missing the deadline. Even OSX users were not completely happy either. OSX users have also been facing glitches left and right with the Wraith Protocol.
Specifically, those who were using the Apple’s Sierra Version were the most affected. In response to the complaints, Verge currency responded with some quick troubleshooting steps via Twitter:
for OSX users who have issues on High Sierra, do this:
open the terminal and run following commands in the exact order.
ruby -e "$(curl -fsSL https://t.co/SELaPLEhtb)"
brew install boost
— vergecurrency (@vergecurrency) January 1, 2018
After the problem, Verge spiraled down. However, it has slightly recovered reaching $0.167 on January 3, 2018. Despite the recovery, the current price is still around 30% lower than the initial increase on January 1.
Why was it hyped in the first place?
One of the reasons traders looked forward to the release of this protocol is that it is the first of its kind. The protocol enables traders to choose between being transparent or anonymous as they please. In addition, it also has the capability to hide the IP address for additional security.