After CASH we will have GOLD, BTC GOLD
Source: http://btcgpu.org/
What is Bitcoin Gold?
Is the resulting currency, which will come with the second bitcoin hard fork of the year, after the BCH hard fork. Planned launch is the 25th of October and coins shall be available with the start of 1st of November.
Difference
Main difference is the proof-of-work change from bitcoin's SHA256 to Equihash, a memory-hard algorithm that is ASIC-resistant and optimized for GPU mining. This will make the big miners less relevant.
Even Steemit used Equihash for the initial mined STEEM: https://www.steemithelp.net/new-page-3/
https://twitter.com/btcgpu/status/913165801363996672
Source:
As the main developer "h4x" states on the BCG slack channel, the main goal is to bring more smaller miners into play and make it a truly decentralize blockchain, as today big mining farms control the market.
Who is behind the fork?
The initiative comes from a mining company called LightningASIC, which is located in Hong Kong. It is a mining hardware provider especially for LTC mining.The CEO of LightningASIC and the leader of the project leader is Jack Liao. His linkedin profile: https://www.linkedin.com/in/jack-liao-4a0b7842/
This is interesting that a producer of ASIC mining equipment wants to implement such a hard fork.
As we can see this hard fork is also started from China by a mining equipment producer. For BCH it was Bitmain.
Social Media
https://twitter.com/btcgpu
https://www.facebook.com/btcgpu/
https://join.slack.com/t/bitcoin-gold/shared_invite/enQtMjQ0MDU5MTk3NDU4LTI4NjViNTE1N2NmNjYzMmZmZmY3OTNiZTU2ZDc5YWQyOGFmMzk2YTAyMjY5NGNlZTEzNjhkZDBiOWFiMDQ4ZjY
https://github.com/BTCGPU/BTCGPU
How to get BTG?
Like with the BCH hard fork, keep your BTC in a secure wallet on the 25th of October, not in the exchanges, as exchanges are not obliged to give you the produced currency.
Opportunity
Let's put it this way, it will be free cryptos. Even if it does not hit the success of BCH, where BCH is now at 12% of the market value of BTC, you will get free cryptos. It is interesting to see the development of BCG and also of BCH after the hard fork.
Risk for BCG
As there is not much information about the project available, there are a lot of question open, like what is the status of the project. The team behind is a mystery.
The discussion about the block height is still running.
What we know is that:
"It is a minimalist fork of the Bitcoin Core codebase in the spirit of litecoin – only a few conservative modifications," This was said by "h4x" which is the anonymous lead developer of the project.Another point is that this hard fork does not have the media power as the other one and so the publicity is reduced. This will probably lead to a lower initial price for BCG compared to BCH
Conclussion
It is another split in the world of the Bitcoin blockchain. Time will tell if it will benefit the ecosystem. Some think such hard forks are done mostly for money, others see it as a natural evolution.
For the short time the ones who hold BTC can benefit from the hard fork. For the long run, there are a lot of questions open, the main affecting the credibility of BTC and it's offspring.
Let us know in the comments your views on this ICO and what ICO you are interested in.
Disclaimer: The views expressed in this article are solely the author or analysts and do not represent the opinions of ADSactly on whether to to buy, sell or hold shares of a particular crypto currency, cryptographic asset, stock or other investment vehicle.
Individuals should understand the risks of trading and investing and consider consulting with a professional. Various factors can influence the opinion of the analyst as well as the cited material. Investors should conduct their own research independent of this article before purchasing any assets.
Past performance is no guarantee of future price appreciation.
Authored by: @alexvan
Interested in joining us? Come join our Discord server at: https://discord.gg/gXMH3qu