Hey Steemians,
Another Bitcoin hard fork is just a few hours away and what all we now about this fork so far?
A wonderful Article shared by my colleague Bunny Chum
Bitcoin Cash generated from previous fork tried to get as much attention and revenues but the Bitcoin kept on moving on its path to reach life time highs of $6,000 and many experts believe it to reach $10,000 soon.
Now the new hard fork is going to generate Bitcoin Gold (as the new currency will be called), where its primary concern is to snatch Bitcoin Mining from huge impactful firms who have controlled and took over generation and creation of the this Cryptocurrency. Bitcoin Gold is seeking to promote in-house bitcoin miners. The Fork is scheduled on October 24th-25th at different time zones. Bitcoin Gold as promoting at-home mining is going to change existing proof of work algorithm to Equihash, where normal system hardware like Graphics Processing Unit (GPUs) are going to mine and make it profitable via using algorithm that will be memory-hard.
According to recent news, Bittrex has also issued official announcement related to Bitcoin Gold that any of its users who will be having and holding Bitcoin balance in its Bittrex Account will be given Bitcoin Gold of corresponding Bitcoin amount on 1 is to 1 (1:1) basis. You should have Bitcoin in your Bittrex account on or before Bitcoin Gold (BTG) snapshot block 4,91,407 supposedly happening on 24th October 1000 HRS (UTC).
Now as per the recent news we heard regarding Bittrex Suspending Accounts Suspiciously, it really seems a complicated decision whether to keep your Bitcoin at Bittrex or not. If not keeping your bitcoins in Bittrex or any other exchanges' account, where the Bitcoin should be kept that we can stay safe as well as we can receive our share of BTG too? E-wallet, paper Wallets, Hardware Wallets are the few options but which of them is going to be best choice.
Please share your opinion in the comments and let the community know the best possible options to be considered.
Your suggestions are most welcomed.
