Review on Bitcoin Gold by Danh Huỳnh Ngọc Công
Bitcoin Gold is a fairly distributed cryptocurrency for the purpose of…
Bitcoin Gold is a fairly distributed cryptocurrency for the purpose of bringing about the ease of mining to everyone. The core developers of this project want it to go with the vision of Satoshi Nakamoto which was written in Bitcoin Core Whitepaper. However, there are so many scandals on the working ethnic of the team and the security of this network
Updated 5 years ago
Rating changed from 4 to 3
Positive point: The source code of Bitcoin Gold project is shown on GitHub so anyone can access it. This is a strong sign of transparency and trustfulness
Pros
- Decentralization is focused on with ASIC resistant algorithm, so even ordinary miners can participate in the mining activities. Being a hard fork of Bitcoin Core, Bitcoin Gold is planned to be sticked to Satoshi’s visions of a decentralized cryptocurrency. Fairly distributed to the holders of Bitcoin Core.
Cons
- There are some scandals on the premined coins held by the developers. Bitcoin Gold suffered from a double-spending attack on May 18 2018, making the community wonders whether the security of this network is good or not.
