What is Bitcoin Gold? Bitcoin Hard Fork Again ? Bitcoin November Split – Invest Before Split [Hindi]

What is Bitcoin Gold? Bitcoin Hard Fork Again ? Bitcoin November Split – Invest Before Split [Hindi]



Bitcoin gold Official Website : http://btcgpu.org/
Styled as a rebellion of sorts, bitcoin gold aims to follow a similar launch plan as bitcoin cash – the blockchain that split from bitcoin this summer by way of a “hard fork.” The idea of the project is to release an improved protocol, one that will challenge bitcoin cash in particular, and details are now starting to come come into focus.

Led by Jack Liao, CEO of Hong Kong mining firm LightningASIC, bitcoin gold is slated to launch on October 25, with its cryptocurrency being opened to exchanges on November 1.

Still, while whispers of the event are just beginning to spread, the importance of the project appears up for debate. Given that bitcoin cash produced an ultimately smaller bitcoin network, not to mention a cryptocurrency that’s worth about 12 percent as much as bitcoin at press time, most seem to view the plan as another distraction in an already divided community.

But while those in the know might be skeptical of bitcoin gold, it does have a goal that many in the community may find attractive: creating a truly decentralized bitcoin.

Most notably, the developers behind the network hope to open up mining to more participants by replacing bitcoin’s mining algorithm with one that will enable it to be mined with graphics cards. The idea is to make big miners – sometimes controversial figures on the network – less relevant.

“Bitcoin gold will implement a proof-of-work change from bitcoin’s SHA256 to Equihash, a memory-hard algorithm that is ASIC-resistant and optimized for GPU mining,” explained pseudonymous bitcoin gold developer “The Sorrow.”

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