1 Level
7 Review
18 Karma
Review on Bitcoin Gold by Edison Chaplin
Bitcoin Gold is a fork from the original open source cryptocurrency bitcoin…
Bitcoin Gold is a fork from the original open source cryptocurrency bitcoin that took place on October 24, 2017.
The declared purpose of Bitcoin Gold was to decentralize Bitcoin.
The Cryptocurrency has ambitious plans for expansion into the future. The goals of 2018 include the "integration of open source libraries" with BitcoinJS, BitcoinJ and CoPay, as well as "academic and academic collaboration" and "design and rebranding
Pros
- the primary goals of bitcoin gold has been to change the algorithm by which the cryptocurrency itself is mined, meaning that the mining process cannot be run faster on specialized equipment than it can on standard computer systems.
Cons
- The developers of Bitcoin Gold used after the launch what is referred to as "post-mine". This was the subsequent mining of 100,000 coins after the fork had already taken place. The way this happened was through the rapid dismantling of some 8,000 blocks, the results of which were provided as an "endowment" to promote the broader Bitcoin-Gold network
