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Review on Bitcoin Gold by Toan Song
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 supporters separated and initiated a blockchain for 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.
