Bitcoin Gold:
Bitcoin Gold is a fork of the Bitcoin blockchain that will occur on
October 25, 2017. At the predetermined block height, Bitcoin Gold miners
will begin creating blocks with a new proof-of-work algorithm, and this
will cause a bifurcation of the Bitcoin blockchain. The original
Bitcoin blockchain will continue on unaltered, but a new branch of the
blockchain will split off from the original chain. The new branch is a
distinct blockchain with the same transaction history as Bitcoin up
until the fork, but then diverges from it. As a result of this process, a
new cryptocurrency will be born.
Purpose of Bitcoin Gold:
The purpose of Bitcoin Gold is to make Bitcoin mining decentralized
again. Satoshi Nakamoto’s idealistic vision of “one CPU one vote” has
been superseded by a reality where the manufacture and distribution of
mining equipment has become dominated by a very small number of
entities, some of which have engaged in abusive practices against
individual miners and the Bitcoin network as a whole. By changing
Bitcoin’s proof-of-work algorithm from SHA256 to Equihash, all of the
specialized SHA256 mining equipment will be obsolete for mining the
Bitcoin Gold blockchain. Thus, Bitcoin Gold will provide an opportunity
for countless new people around the world to participate in the mining
process with widely-available consumer hardware that is manufactured and
distributed by reputable mainstream corporations. A more decentralized,
democratic mining infrastructure is more resilient and more in line
with Satoshi’s original vision.
How you can get Bitcoin Gold?
The Bitcoin Gold (BTG) initial coin distribution method is exactly the
same as that used by Bitcoin Cash (BCH). All Bitcoin holders who possess
BTC private keys on October 25 (block 491 407) will receive Bitcoin
Gold on the rate of 1 BTC = 1 BTG (If you have 20 BTC you will receive
20 BTG). You need to control BTC private keys in order to make Bitcoin
Gold transactions.
BTC Gold Wallet
Any secure Bitcoin wallet that gives the user exclusive control of the
cryptographic private keys is a suitable location to store your coins
prior to the October 25 fork. Some wallets may offer you direct access
to your BTG, while others may require you to take additional technical
steps. Verified wallets that support BTC and BTG side-by-side will be
listed on the Bitcoin Gold home page. We will publish guides for
retrieving BTG from the most popular wallets, including Bitcoin Core,
Electrum, Mycelium, hardware wallets, paper wallets, and more.
Click Here for more information....BTC Gold
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