Nic Carter on Verge

a photo of crypto expert reviewer Nic Carter

Nic Carter

Nic Carter is a partner at Castle Island Ventures, a venture firm focused on public blockchains. He also created Coinmetrics, a site that provides key metrics for crypto assets.

Verge

Verge is a cryptocurrency that is focused on anonymous, private transactions between users.

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Verge reviews by Nic Carter

All Verge reviews by expert Nic Carter.

  • 2020
  • Nic Carter on Verge Partner at Castle Island VC and Co-founder of Coinmetrics

    Verge had 5 [hashing] algorithms and one of them was exploited to cause hyperinflation. Adding complexity adds risk.

    Full review πŸ’©

    2020-01-26

  • 2019
  • Nic Carter on Verge Partner at Castle Island VC and Co-founder of Coinmetrics

    Verge is/was a privacy coin that relied not on enhancing actual privacy at the blockchain level but rather by bolting Tor onto Bitcoin. It was heavily shilled on Twitter and Reddit last year, but the Verge Family has gone quiet recently. Development and social media activity all but ceased when Verge was repeatedly 51% attacked earlier this year. The culprit was its unnecessarily complex five hash function Proof-of-Work algorithm, which led to it being much, much easier to exploit.

    Full review πŸ’©

    2019-01-01

  • 2018
  • Nic Carter on Verge Partner at Castle Island VC and Co-founder of Coinmetrics

    So Verge, Bitcoin Gold, and MonaCoin (unverified) have all been attacked in the last day or so. This is the inevitable destiny of every smaller PoW chain. Verge and BTG were both sold as a β€œbetter bitcoin.” This is the fate of every better bitcoin.

    Full review πŸ’©

    2018-05-22

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