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Type of review

Revainrating 3 out of 5

Comparing to BTC, BTG has been improved in a number of ways, for example, the…

Comparing to BTC, BTG has been improved in a number of ways, for example, the correction of complexity in Bitcoin mining is being held every 14 days, and in case with BTG - whenever a new block is being mined. In addition, the BTG code has been further optimized to maximize the overall performance.

Pros
  • REPLAY PROTECTION To ensure the safety of the Bitcoin ecosystem, Bitcoin Gold has implemented full replay protection and unique wallet addresses, essential features that protect users and their coins from several kinds of accidents and malicious threats.
Cons
  • This comes after the BTG team flip-flopped several times, first saying they were, and then they weren’t, going to be pre-mining BTG. This marks a significant breach of trust.

Revainrating 4 out of 5

Unlike the BCH fork authorities, Bitcoin Gold developers have never claimed…

Unlike the BCH fork authorities, Bitcoin Gold developers have never claimed their fork to be the “only true bitcoin”. Bitcoin Gold team has been continually repeating that decentralization is severely limited in the context of the classic Bitcoin due to the high concentration of the mining facilities on the farms for industrial mining. The majority of such farms are located in China; each farm contains a few hundred or even thousand ASIC devices under the surveillance of little amount of…

Pros
  • Very close to original Bitcoin in terms of adhering to Satoshi's vision and has achieved a lot in short time-frame in terms of association with exchanges and wallets.
Cons
  • Features like Bitcoin.

Revainrating 4 out of 5

Technically, Bitcoin Gold has many features of bitcoin. That is, the same…

Technically, Bitcoin Gold has many features of bitcoin. That is, the same block size and mining time (1 MB and about 10 minutes) are used; the space within the block is more optimally used thanks to the support of SegWit when processing transactions on this coin.

Pros
  • FAIR DISTRIBUTION Hard forking Bitcoin’s blockchain fairly and efficiently distributes 16.5 million BTG immediately to people all over the world who have interest in cryptos. Other methods, such as creating coins with a new genesis block, concentrate ownership within a small group.
Cons
  • If that date is correct, BTG’s devs would’ve accrued approximately 200,000 BTG between now and then.

Revainrating 4 out of 5

The purpose of Bitcoin Gold is to make the world of electronic money better…

The purpose of Bitcoin Gold is to make the world of electronic money better, without too much dependence on a company or organization. But it's important to be born from Bitcoin, so features like Bitcoin. The most important difference is thought, philosophy.

Pros
  • It’s free money, however low its price falls, in that BTG’s the result of a fork from the main BTC chain. If you held BTC at the time of the split, you now have an equal amount of BTG. Cons
Cons
  • Bitcoin Gold, still can only be classified as altcoin by its position and authority.

Revainrating 4 out of 5

A profitable mining of BTG is possible only with the help of GPU (video cards…

A profitable mining of BTG is possible only with the help of GPU (video cards). Thanks to this, according to the developers, a free bitcoin-mining should become accessible to everyone, including those who cannot afford to buy the “asics”; the price of the “asics” may be several times higher than the one of the video cards. Additionally, it may have a problematic payback. Moreover, the relatively low mining complexity makes the BTG mining accessible even for the miners with not very powerful…

Pros
  • 1. It furthers de-centralization by enabling ASICs resistant algorithm, which seems to be a weakness of SHA256 based Bitcoin and Bitcoin Cash 2. Very close to original Bitcoin in terms of adhering to Satoshi's vision 3. Has achieved a lot in short time-frame in terms of association with exchanges and wallets
Cons
  • 1. Decreases de-centralization with small set of developer. It remains to be seen, how BTG developers and BTG foundation involves community in modification of Bitcoin gold in days to come. 2. Adds to wrong precedence by forking of bitcoin. Same / similar result could have been achieved had teams tried to push there changes through open source route. 3. Starts from scratch in terms of merchant adoption. 4. Pre-mine of 8000 blocks by BTG group.

Revainrating 4 out of 5

The purpose of Bitcoin Gold is to make the world of electronic money better…

The purpose of Bitcoin Gold is to make the world of electronic money better, without too much dependence on a company or organization. But it's important to be born from Bitcoin, so features like Bitcoin. The most important difference is thought, philosophy.

Pros
  • By redesigning the rights system, Bitcoin Gold wants to attract more investors into the Bitcoin system and make Bitcoin Network more equal.
Cons
  • Features like Bitcoin.

Revainrating 4 out of 5

The purpose of Bitcoin Gold is to make the world of electronic money better…

The purpose of Bitcoin Gold is to make the world of electronic money better, without too much dependence on a company or organization. But it's important to be born from Bitcoin, so features like Bitcoin. The most important difference is thought, philosophy.

Pros
  • BTG will be dug with GPU (video card instead of CPU of ASIC) BTG will support the Replay Protection technology (Restrict confusion when exchanging Bitcoin) BTG will change difficulty in each block chain
Cons
  • This comes after the BTG team flip-flopped several times, first saying they were, and then they weren’t, going to be pre-mining BTG. This marks a significant breach of trust.

Revainrating 4 out of 5

Bitcoin Gold (BTG) resulted from the fork (branching) of the bitcoin…

Bitcoin Gold (BTG) resulted from the fork (branching) of the bitcoin blockchain on the October 24, 2017. The alternative software algorithm, which is put in the basis of BTG, was launched in course of the fork deployment. All the other miners could have joined the developers at the end of the very same day when a new coin was started to be mined, that is on the 12th of November (read the details below). Thus, BTC and BTG blockchains were the same till the block 491406, after which the BTG…

Pros
  • DECENTRALIZATION Bitcoin Gold decentralizes mining by adopting a PoW algorithm, Equihash-BTG, which cannot be run on the specialty equipment used for Bitcoin mining (ASIC miners.) This gives ordinary users a fair opportunity to mine with common GPUs.
Cons
  • Evidence suggests the BTG team started pre-mining BTG on Sept. 28th, performed in secret and without feedback from the community.

Revainrating 4 out of 5

Cryptocurrency forks are nothing new, in fact it seems we get a new one almost…

Cryptocurrency forks are nothing new, in fact it seems we get a new one almost weekly these days. Even Bitcoin is expecting to see several forks in 2018, and these come after the several forks already completed last year. One of the more controversial of these forks was the October Bitcoin Gold fork. The Bitcoin Gold fork from the original Bitcoin blockchain took place on October 24, 2017 at block height 491407. There are any number of reasons for cryptocurrencies to experience a…

Pros
  • More decentralized die to the use of the Equihash algorithm which is memory intensive meaning that it cannot be ASIC mined and requires a GPU
Cons
  • The need and support of this hard fork is still very debatable and it remains to be seen if the developers will manage to fulfill their promises and vision, and if BTG will gather community support.

Revainrating 4 out of 5

It's hard to say where BTG is going but it could go one of a few ways. It is…

It's hard to say where BTG is going but it could go one of a few ways. It is definitely not something that impresses me as they started out with the famous wallet scam and haven't been forthcoming about this "John Dass" they blamed for it.

Pros
  • Very close to original Bitcoin in terms of adhering to Satoshi's vision and has achieved a lot in short time-frame in terms of association with exchanges and wallets.
Cons
  • The value of the coin is decreasing sharply and mining does not generate profit

Revainrating 4 out of 5

I think that Bitcoin gold already got their own wallet. I suggest using a…

I think that Bitcoin gold already got their own wallet. I suggest using a wallet published in the official website. They have already faced a hack and their wallet faced some sort of virus attacks, i don't know but i must say, "Don't use a third party wallet" otherwise, you'll lose your coins.

Pros
  • Like money, cryptocurrencies including BTG can be used for trading goods and services. Blockchain-based transactions are more secure, transparent and efficient.
Cons
  • One thing I should mention is that Bitcoin Gold seems a bit sketchy since they are delaying everything after the fork (coin supply, releasing source code, transparency, etc.).

Revainrating 4 out of 5

I think that Bitcoin gold already got their own wallet. I suggest using a…

I think that Bitcoin gold already got their own wallet. I suggest using a wallet published in the official website. They have already faced a hack and their wallet faced some sort of virus attacks, i don't know but i must say, "Don't use a third party wallet" otherwise, you'll lose your coins.

Pros
  • Like money, cryptocurrencies including BTG can be used for trading goods and services. Blockchain-based transactions are more secure, transparent and efficient.
Cons
  • One thing I should mention is that Bitcoin Gold seems a bit sketchy since they are delaying everything after the fork (coin supply, releasing source code, transparency, etc.).

Revainrating 4 out of 5

Bitcoin is a good coin and would be better than some Altcoins. And you can get…

Bitcoin is a good coin and would be better than some Altcoins. And you can get Bitcoin Gold through freewallet.org and can be installed as phone app.

Pros
  • More decentralized die to the use of the Equihash algorithm which is memory intensive meaning that it cannot be ASIC mined and requires a GPU
Cons
  • It's a sort of divided coin. From independence, it's incomplete. An ecosystem that relies entirely on bitcoin. I think, ultimately, it won't replace BTC, nor will it replace BTC

Revainrating 4 out of 5

Bitcoin Gold is a hard fork of the bitcoin protocol devised by Lightning ASIC…

Bitcoin Gold is a hard fork of the bitcoin protocol devised by Lightning ASIC which is a Hong Kong based mining firm led by Jack Liao, CEO. To combat the mining centralization problem, the BTG developers are implementing a different mining algorithm altogether that will be resistant to ASIC chips called Equihash. Thus, Bitcoin Gold will be mined using GPU's. Bitcoin Gold is a proposed digital asset. Bitcoin Gold intends to perform a wallet balance snapshot at Bitcoin block 491,407 but the…

Pros
  • It’s free money, however low its price falls, in that BTG’s the result of a fork from the main BTC chain. If you held BTC at the time of the split, you now have an equal amount of BTG. Cons
Cons
  • Pre-mine of 8000 blocks by BTG group.

Revainrating 4 out of 5

Bitcoin Gold, still can only be classified as altcoin by its position and…

Bitcoin Gold, still can only be classified as altcoin by its position and authority. Bitcoin Gold has a range of advantages comparing to the older altcoins. Still, the coin is progressively developing and include in the list of TOP-25 cryptocurrencies according to coinmarketcap.com.

Pros
  • Through BTG, you won’t need expensive, enterprise-quality mining equipment to profitably mine a BTC-like chain. GPU mining should, in theory, have a decentralizing effect.
Cons
  • Adds to wrong precedence by forking of bitcoin. Same / similar result could have been achieved had teams tried to push there changes through open source route.

Revainrating 4 out of 5

A profitable mining of BTG is possible only with the help of GPU (video cards…

A profitable mining of BTG is possible only with the help of GPU (video cards). Thanks to this, according to the developers, a free bitcoin-mining should become accessible to everyone, including those who cannot afford to buy the “asics”; the price of the “asics” may be several times higher than the one of the video cards. Additionally, it may have a problematic payback. Moreover, the relatively low mining complexity makes the BTG mining accessible even for the miners with not very powerful…

Pros
  • By allowing Bitcoin to redistribute rights, Bitcoin Gold hopes to attract more people into the system and liberate the Bitcoin network from companies that supply equipment and large mining companies, especially Bitman. . Although he himself is a big equipment supplier in Hong Kong, CEO Liao agrees to narrow his influence on the system.
Cons
  • Adds to wrong precedence by forking of bitcoin. Same / similar result could have been achieved had teams tried to push there changes through open source route.

Revainrating 4 out of 5

The developers moved away from the algorithm SHA-256, which is a basis of the…

The developers moved away from the algorithm SHA-256, which is a basis of the traditional bitcoin, in order to make BTG more decentralized,. Their coin applies a more peculiar Equihash algorithm that complicates the creation of ASIC devices specifically for Bitcoin Gold mining.

Pros
  • Bitcoin Gold developer wants to eliminate the monopoly role of ASIC chips being used to dig Bitcoin, Bitcoin cash and many other types of money.
Cons
  • Decreases de-centralization with small set of developer. It remains to be seen, how BTG developers and BTG foundation involves community in modification of Bitcoin gold in days to come.

Revainrating 4 out of 5

Unlike the BCH fork authorities, Bitcoin Gold developers have never claimed…

Unlike the BCH fork authorities, Bitcoin Gold developers have never claimed their fork to be the “only true bitcoin”. Bitcoin Gold team has been continually repeating that decentralization is severely limited in the context of the classic Bitcoin due to the high concentration of the mining facilities on the farms for industrial mining. The majority of such farms are located in China; each farm contains a few hundred or even thousand ASIC devices under the surveillance of little amount of…

Pros
  • Developer of the Bitcoin Gold project That is Jack Liao - CEO of LightningAsic company headquartered in Hong Kong. His company sells hardware for Bitcoin.
Cons
  • Bitcoin Gold, still can only be classified as altcoin by its position and authority.

Revainrating 4 out of 5

Comparing to BTC, BTG has been improved in a number of ways, for example, the…

Comparing to BTC, BTG has been improved in a number of ways, for example, the correction of complexity in Bitcoin mining is being held every 14 days, and in case with BTG - whenever a new block is being mined. In addition, the BTG code has been further optimized to maximize the overall performance.

Pros
  • BTG will be dug with GPU (video card instead of CPU of ASIC) BTG will support the Replay Protection technology (Restrict confusion when exchanging Bitcoin) BTG will change difficulty in each block chain
Cons
  • Will BTG provide enough benefit to weather the scandal? Or will it join other smaller “BTC alts” by fading into obscurity?

Revainrating 4 out of 5

Technically, Bitcoin Gold has many features of bitcoin. That is, the same…

Technically, Bitcoin Gold has many features of bitcoin. That is, the same block size and mining time (1 MB and about 10 minutes) are used; the space within the block is more optimally used thanks to the support of SegWit when processing transactions on this coin.

Pros
  • By redesigning the rights system, Bitcoin Gold wants to attract more investors into the Bitcoin system and make Bitcoin Network more equal.
Cons
  • The BTG team are refusing to release the project’s code for now, too, leading Coinbase to refuse to support BTG out of security concerns.