1 Level
16 Review
58 Karma
Review on Bitcoin Gold by Vo Thu
Rather they worried about the mining process and the rise of large ASIC mining…
Rather they worried about the mining process and the rise of large ASIC mining operations, who were increasingly controlling the hash power of the Bitcoin network. It’s an alternate fork of the Bitcoin blockchain that implements changes that make mining more equitable. The goal of Bitcoin Gold is to create a network where anyone can become a miner with only basic hardware. As a result, Bitcoin Gold mining would be spread among many miners, instead of a few large companies.
Pros
- Bitcoin Gold has been Listed Dozens of websites and now this will boost project it can be on the moon in the near future wait and be patient for this coin. Bitcoin Gold hopes to change the paradigm around mining on the Bitcoin blockchain. According to the founders, the Bitcoin blockchain has become too centralized. Large companies with huge banks of mining computers now mine the vast majority of Bitcoin. For the founders of Bitcoin Gold, having large companies control the Bitcoin network defeats the purpose of a decentralized ledger and peer-to-peer currencies.
Cons
- The general consensus from Bitcoin experts is there’s not enough new in Bitcoin Gold to warrant an independent investment. While it certainly doesn’t hurt to hold onto your free BTG that you receive as a result of the fork (if you owned Bitcoin before Oct 24), wait until the dust settles before deciding whether to buy more.
