What is bitcoin gold coin

This is a major security risk. Gridcoin EOS. Submit A Request Chat with a live agent.

Is bitcoin gold a hard fork?

So why yet another fork? The Bitcoin community is looking to completely decentralize the Bitcoin network that continues to be monopolized by the mining industry and a few miners within the mining community, who have the majority of the hash power at present. As with Bitcoin Cash this summer, Bitcoin Gold will what is bitcoin gold coin be a hard fork, with the new tokens expected to launch on 25 th October before being open to exchanges from 1 st Biycoin. Making it possible to mine with GPUs Graphic Processing Units is expected to allow more participants to mine, taking away some of the hash power from the bigger miners wht have largely cornered the Bitcoin market. Get Into Bitcoin Trading Today.

How to Mine Bitcoin Gold

Looking for Bitcoin Gold? Rank Today Bitcoin Gold price is down Bitcoin Gold BTG currency type is coin mineable. BTG trading is available in number of exchanges.

Jack Liao, founder of Bitcoin Gold: Making Bitcoin Decentralized Again

What is Bitcoin Gold?

Hard forks of bitcoin are creating new wealth that the U. As a result, Bitcoin Gold mining would be spread among many miners, instead of a few large companies. No customer action is required. On the surface, the idea of «making bitcoin decentralized again» may seem counterintuitive. To learn more about forks, check out our blog post. Views Read Edit View history. BitcoinGold Explorer. The developers of bitcoin gold used what is called «post-mine» after the launch. The fundamental change in Bitcoin Gold is choosing a different hashing algorithm that makes proof of work more difficult for ASICs.