WHAT IS BITCOIN GOLD?
BITCOIN GOLD CAN BE DEFINED IN FOLLOWING POINTS:
1 . ITS A FORK FROM (ORIGINAL SATOSHI NAKAMOTO BITCOIN CREATED IN 2008) BITCOIN BLOCKCHAIN
2 . OFFICIAL DATE FOR BITCOIN GOLD CREATION IS 25TH OCT,2017.
3 . A NEW PROOF OF WORK ALGORITHM GIVEN TO BITCOIN MINERS.
4 . BITCOIN GOLD HAVE SHORT NAME BTG OR BGOLD
5 . IT WILL BASED ON EQUIHASH SO IT CAN BE MINED THROUGH GPU.
6 . BTG HAVE POOL OF PRE-MINED COINS FOR 16000 BLOCKS.
7 . BLOCK SIZE IS REMAIN SAME .
WHO IS BEHIND THIS HARD FORK
"JACK LIAO" THE FOUNDER OF HONGKONG BASED MINING EQUIPMENT MANUFACTURING COMPANY, LIGHTNINGASIA
AIMS TO DO HARD FORK
1 . IT AIMS TO COMPETE WITH BITCOIN CASH, ZCASH, ETHEREUM ,MONERO
2 . PROVIDING GRAPHIC PROCESSING UNIT (GPU) FOR MINERS.
3 . BECOME TOP CRYPTOCURRENCY .
4 . USER ACTIVATED HARD FORK (UAHF) PROPOSAL FOR GPU MINING .MINERS HAVE CHOICE TO CHOOSE SIZE OF THE BLOCKS IF THEY WANT TO MINE.
BRIEF CHART TO UNDERSTAND :