Review on Bitcoin Gold by Fabrizio Zampieri
Bitcoin Gold is a recent cryptocurrency designed by Jack Liao, a mining…
Bitcoin Gold is a recent cryptocurrency designed by Jack Liao, a mining enterpriser based in Hong Kong. At first glance the currency is very similar at Bitcoin. The founder designed this currency with the purpose to become a better one than the Bitcoin version. The project was launched in November, 2017 on the global marketplace.
Bitcoin Gold it’s supposed to be a different version of the well-known Bitcoin.
BTG’s innovative element is the new algorithm called Equihash. This one has a bigger hard memory and a higher security. The algorithm permits to the ordinary users to have access to pool miners. So, there will not mine only professionals, but also the users with lower personal computers power.
BTG base algorithm presumes that mining is faster than the old version of Bitcoin.
It's possible to trade BTG on the most important exchanges.
Pros
- – Bitcoin Gold is predicted to be more decentralized than the Bitcoin version. The creator has developed an algorithm that permits not only to those big miners to process the data, but also to smaller or beginner miners. The software is also available to more miners. It is designed to be easier to use than Bitcoin. – Bitcoin Gold has a different hardware than Bitcoin. The new version permits us to mine faster with a higher security. – It is more accessible for ordinary users. – The transaction process remains to be the same as for Bitcoin. – For miners who own Bitcoin, you should remember that you will not lose your amount. The developers will exchange them in Bitcoin Gold for you with the same amount.
Cons
- - To get your Bitcoins Gold you will need to create a different wallet, which has the same key as Bitcoin, but the rules impose you to execute them. – Unfortunately, there aren’t so much information about the new version of Bitcoin. The project is fresh launched and we still do not know how it will truly work for our advantage. The existing users of Bitcoin are ready to try something new if this will not damage their balance account.
