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Review on Bitcoin Gold by Phi Ngo
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 actual Bitcoin Gold network will launch on October 25, 2017.
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
- 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.
