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Review on Bitcoin Gold by Tung Lan
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
- Bitcoin Gold wants to change the way money is mined by improving the digging method as well as making the network better. Exactly they want to remove the exclusive value of the ASIC chip.
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.
