Header banner
Revain logoHome Page
onur bln photo
trabzon
4 Level
49 Review
403.25 Karma

Review on Bitcoin Gold by onur bln

Revainrating 2 out of 5

Bitcoin Gold

It is the money that will emerge as a result of the bitcoin hard fork that a group of bitcoin software developers and miners who set out with the idea of ​​"make bitcoin decentralized again" will make bitcoin to transform it into a decentralized structure that is produced by everyone.
bitcoin golders plan to give everyone who holds bitcoin on October 25 as much as bitcoin gold as they hold on November 11.
Bitcoin gold, which can be produced with video cards, is likely to continue as an altcoin. However, since it is possible to experience airdrops, people have been increasing the amount of bitcoin in their hands by exchanging their altcoins.
Like any digital currency, the success of this digital currency depends (initially) on the miner and software developer support it will get behind it. But the most important thing is that it should be the center of attraction for those who will invest in bitcoin gold. After the bitcoin gold airdrop, we can sell the bitcoin gold for 10 USD, as well as for 1000 USD as in bitcoin cash. For now, for the hard fork to be successful, miners must be able to create blocks and set up a separate blockchain from bitcoin.
Think of the letter y as a chain, the hard fork is the point where the letter y is forked, the part to the right will be bitcoin, the part to the left will be bitcoin gold. If the handle of the letter y, which was produced before the fork was previously only bitcoin, now both bitcoin and bitcoin will be gold, anyone holding bitcoin on the hard fork day will also own bitcoin gold if the fork is successful and the blockchain is formed. (in theory) we have bitcoin cash experience on how it will be in practice, but exchange sites were making statements when that fork was happening. As of today, there was not enough explanation from exchanges regarding bitcoin gold. This is my experience, friends.
img 1 attached to Bitcoin Gold review by onur bln



Pros
  • It has risen a lot since it first came out
Cons
  • The altcoin with no endless security problems.
  • coin that lost its former popularity
  • was one of the most unnecessary forks

Similar reviews