1 Level
7 Review
12 Karma
Review on Bitcoin Gold by David Adeleke
Bitcoin Gold Hard Fork was shown on October 24, 2017 at Block 491,407 of…
Bitcoin Gold Hard Fork was shown on October 24, 2017 at Block 491,407 of Bitcoin Blockchain. Bitcoin Gold took a snapshot of the bitcoke block chain at that altitude, as is common in hard-fork, and kept all transactions and balances up to that point, then started its own block chain
As decentralization becomes more important, resistance to ASICs is becoming increasingly important to some cryptographic callers. Bitcoin Gold is specifically designed to make Bitcoin ASIC resistant and dispersive.
Pros
- The founders of Bitcoin Gold believe that large companies have no place controlling a decentralized peer-to-peer distributed ledger, and that this goes against the beliefs that made blockchain technology in the first place. They want to give people back the mountain power
Cons
- Bitcoin Gold is in active development. Most details of haven’t yet been made public, and certain details have changed over time. For example, the original website mentioned an ICO where 1% of Bitcoin Gold coins would go to the developer team, although details of that ICO have since been removed.
