Review on Bitcoin Gold by Demi Fayza
It is clear that the founders and developers working on Bitcoin Gold are fully…
It is clear that the founders and developers working on Bitcoin Gold are fully aware of its connection to the broader world of cryptocurrencies, and of the history and development of the parent Bitcoin. To that end they have been focusing on improvements that will benefit the broader cryptocurrency eco-system, not just Bitcoin Gold itself.
Pros
- Bitcoin Gold’s developers proposed the fork in order to move to the Equihash consensus algorithm, and make Bitcoin Gold ASIC resistant, thereby putting the mining hash power back in the hands of individuals to a large extent.
Cons
- Bitcoin mining can be profitable, but it is also very resource intensive. This has led to miners choosing to pool their resources together, and to large centralized mining operations, housing hundreds of very powerful mining rigs, and bringing immense computing resources in the process.
