1 Level
16 Review
36 Karma
Review on Bitcoin Gold by Hadu KenTiger
The first quarter of 2018 was to see a rebranding of Bitcoin Gold and a…
The first quarter of 2018 was to see a rebranding of Bitcoin Gold and a refreshed website, as well as integration with open source libraries for BitcoinJS, BitcoinJ and CoPay. It is more accessible for ordinary users. The transaction process remains to be the same as for Bitcoin. For miners who own Bitcoin, you should remember that you will not lose your amount. The developers will exchange them in Bitcoin Gold for you with the same amount.
Pros
- BTG provided many compatible platform/wallet that can be download (Ease) and its also usable by having integrated on several hardwallet eg. trezor, ledger nano and etc. Easy to mine by having a good graphic card GPU on PC/laptop. BTG base algorithm presumes that mining is faster than the old version of Bitcoin. It's possible to trade BTG on the most important exchanges.
Cons
- Evidence suggests the BTG team started pre-mining BTG on Sept. 28th, performed in secret and without feedback from the community. If that date is correct, BTG’s devs would’ve accrued approximately 200,000 BTG between now and then. Rather they worried about the mining process and the rise of large ASIC mining operations, who were increasingly controlling the hash power of the Bitcoin network.
