It has been only 9 weeks since the Bitcoin Cash hard fork, and we are again discussing another Bitcoin hard fork.
For those of you who don’t know about the previous Bitcoin hard forks and its challenges, read my earlier guides here:
Bitcoin Gold is a new, would be cryptocurrency denoted, as of now, as BTG or “bgold”. 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:
Bitcoin Gold is a community-activated hard fork of Bitcoin to make mining decentralized again.
At present, there is very little information available about the technical know-how of this fork because their website is under development.
Who Is Doing This Fork And When Is It Happening?
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, LightningAsic.
Bitcoin Gold’s lead developer is someone anonymous by the name of h4x3rotab and he/she claims that:
Bitcoin Gold is also a real blockchain to pilot Bitcoin upgrades.
Features of Bitcoin Gold (BTG)
Bitcoin Gold doesn’t bring many features with it, but…
BTG will be based on Equihash so it will be GPU minable.
BTG will have inbuilt replay protection because it is a direct fork of BTC.
BTG will have a variable difficulty that will change per block. (Good thing for GPU miners.)
And looks like BTG will have a pool of pre-mined coins for 16,000 blocks.