Action replay updating site
I was really surprised to learn that they might have an ICO for these pre-mined blocks, but again, there is little clarity about it on their official website. let’s say that around 25th October they have beaten all odds, clarified the much-needed information about their project, and we have a fork… Then the only thing to do is enjoy and claim your free airdropped Bitcoin Gold coins!Both of your coins (BTC and BTG) will have the same private keys.
As per their Twitter: How Do BTG Supporters Want To Change This Centralization Problem? Bitcoin Gold) advocates have decided to solve this problem by forking Bitcoin on 25th October by changing its original protocol.Specifically, to combat the mining centralization problem, the BTG developers are implementing a different mining algorithm altogether that will be resistant to ASIC chips called Equihash.This will make ASIC miners irrelevant for mining Bitcoin Gold because, with the implementation of Equihash, Bitcoin Gold will be mineable simply by using cheap GPUs. Their other agenda is to save Bitcoin in case something happens to it in the future, as they claim will.Apart from these, there will be no changes like block size adjustment.And BTG will be following the suit of the original BTC core developers for the future betterment of their coin because they believe that’s the secure way.It is primarily being driven by a few who believe that the original Bitcoin mining system has become centralized and is monopolized by a handful of mining companies.
They believe this because of ASIC miners which provide a very strong entry barrier for an average user or miner like you and me.
But they know that they are not competing with Bitcoin and Bitcoin Cash as stated by their lead developer in a conversation with
Features of Bitcoin Gold (BTG) Bitcoin Gold doesn’t bring many features with it, but…
It will be a fork of the original Bitcoin that Satoshi Nakamoto invented in 2008.
The Bitcoin Gold community defines BTG in the following fashion: At present, there is very little information available about the technical know-how of this fork because their website is under development. The Bitcoin Gold project is being driven by some developers, miners, and their head Jack Liao, the CEO of the Hong Kong-based mining equipment manufacturing company, Lightning Asic.
It has been only 9 weeks since the Bitcoin Cash hard fork, and we are again discussing another Bitcoin hard fork.