Another Upcoming Bitcoin Hard Fork – Bitcoin Gold (BTG)

4 Oct
2017

There is apparently another upcoming Bitcoin fork that is named Bitcoin Gold (BTG). This community-activated hard fork of BTC will result in the new asset becoming available for the owners of Bitcoin that hold their Bitcoins on October 25th where the snapshot of the Bitcoin will be taken as a base. So you will get the same amount of Bitcoin Gold (BTG) as you have had in BTC on the day of the Bitcoin blockchain snapshot being taken. The more interesting aspect of this new fork however is that it is not another Bitcoin Cash type of fork that essentially uses the same kind of PoW as Bitcoin and can be mined with ASICs only, instead the BTG fork will use Equihash as a mining algorithm thus making it a GPU mineable coin. Do note that the team has already warned that Bitcoin Gold (BTG) aka Bgold, the upcoming community-activated hard fork of Bitcoin, is not associated with (XBG) BTCGOLD as apparently some people might mistake the two. It is definitely something interesting to keep an eye on, though for the moment there are not that much details available.

Visit the official website of the Bitcoin Gold (BTG) project here for more details…



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4 Responses to Another Upcoming Bitcoin Hard Fork – Bitcoin Gold (BTG)

Alex Copper

October 4th, 2017 at 20:33

I wonder how this is going to turn out. Hopefully it doesn’t turn into a big joke/waste of time. Right now with Bitcoin, I’m just HODLing.

Ethereum is pretty promising and with new companies like Unikrn building UnikoinGold on the ethereum blockchain, there’s more promise and stability. Their ICO is ending soon and their concept is solid. Very smart way to introduce utility tokens and their use.

Harry

October 4th, 2017 at 20:44

How is this snapshot done? Even addresses on the exchanges will get BTG?

admin

October 4th, 2017 at 21:03

Addresses on exchanges will not automatically get BTG, exchanges will need to add support for Bitcoin Gold in order for this to happen. Support on exchanges greatly depends on user interest, so far it is nowhere near as big as it was with Bitcoin Cash, but if things pick up by the end of the month the big exchanges will most likely add it sooner or later. It is of course best to have the coins stored on a local wallet where you have full control. Unfortunately there are still not that much details available surrounding the upcoming fork of Bitcoin Gold…

Dark Skywalker

October 15th, 2017 at 22:29

The Bitcoin Gold guys messed up big time today. When taking over @bitcoingold, they lost control over their original Twitter handle, @btcgpu. The stolen btcgpu Twitter handle now leads people to a website where they are asked to download a wallet and enter their private keys to get their Bitcoin Gold. Needless to say, it is 99.99% certain their Bitcoins will be stolen.

DON’T be stupid and keep your Bitcoin private keys private!

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