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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
  • 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.

Revainrating 3 out of 5

While the same was created by modifying the protocol, Bitcoin Gold has…

While the same was created by modifying the protocol, Bitcoin Gold has different characteristics than Bitcoin cash, mainly in the allocation process. If Bitcoin cash was born at the right time, Bitcoin Gold developers stretched the gap between the two events.

Pros
  • TRANSPARENCY Bitcoin Gold is a free open source software project that is built by volunteer developers and supported by a rapidly growing community of Bitcoin enthusiasts that stretches around the globe.
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

While the same was created by modifying the protocol, Bitcoin Gold has…

While the same was created by modifying the protocol, Bitcoin Gold has different characteristics than Bitcoin cash, mainly in the allocation process. If Bitcoin cash was born at the right time, Bitcoin Gold developers stretched the gap between the two events.

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
  • 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

By the time Blockchain Bitcoin 491,407 blocks, a new protocol version will be…

By the time Blockchain Bitcoin 491,407 blocks, a new protocol version will be formed. The result is a Bitcoin replication coin called Bitcoin Gold (BTG).

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
  • Over the past few days, the BTG development team have become embroiled in a pre-mining scandal that’s made them seem incompetent—and even nefarious, to some in the community.

Revainrating 3 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
  • 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
  • Features like Bitcoin.

Revainrating 3 out of 5

Bitcoin is the original they are the reason why blockchain has been launched…

Bitcoin is the original they are the reason why blockchain has been launched into the minds of so many in all facets of industry. Bitcoin's creator satoshi nakomoto is unkown. His name is just an alias and so it is the idea of bitcoin and what it represents that becomes the main thing. The idea of decentralization became more then just and idea when bitcoin was created. it gave people their power back and because of this many have flooded to the space in hopes of using this interest to…

Pros
  • have the name bitcoin attached to them
Cons
  • They are just another fork of bitcoin.

Revainrating 5 out of 5

Bitcoin Gold is a fork from the original open source cryptocurrency bitcoin…

Bitcoin Gold is a fork from the original open source cryptocurrency bitcoin that took place on October 24, 2017. The declared purpose of Bitcoin Gold was to decentralize Bitcoin. The Cryptocurrency has ambitious plans for expansion into the future. The goals of 2018 include the "integration of open source libraries" with BitcoinJS, BitcoinJ and CoPay, as well as "academic and academic collaboration" and "design and rebranding

Pros
  • the primary goals of bitcoin gold has been to change the algorithm by which the cryptocurrency itself is mined, meaning that the mining process cannot be run faster on specialized equipment than it can on standard computer systems.
Cons
  • The developers of Bitcoin Gold used after the launch what is referred to as "post-mine". This was the subsequent mining of 100,000 coins after the fork had already taken place. The way this happened was through the rapid dismantling of some 8,000 blocks, the results of which were provided as an "endowment" to promote the broader Bitcoin-Gold network

Revainrating 4 out of 5

Bitcoin Gold Hard Fork was shown on October 24, 2017 at Block 491,407 of…

Bitcoin Gold Hard Fork was shown on October 24, 2017 at Block 491,407 of Bitcoin Blockchain. Bitcoin Gold took a snapshot of the bitcoke block chain at that altitude, as is common in hard-fork, and kept all transactions and balances up to that point, then started its own block chain As decentralization becomes more important, resistance to ASICs is becoming increasingly important to some cryptographic callers. Bitcoin Gold is specifically designed to make Bitcoin ASIC resistant and dispersive.

Pros
  • The founders of Bitcoin Gold believe that large companies have no place controlling a decentralized peer-to-peer distributed ledger, and that this goes against the beliefs that made blockchain technology in the first place. They want to give people back the mountain power
Cons
  • Bitcoin Gold is in active development. Most details of haven’t yet been made public, and certain details have changed over time. For example, the original website mentioned an ICO where 1% of Bitcoin Gold coins would go to the developer team, although details of that ICO have since been removed.

Revainrating 4 out of 5

Bitcoin Gold appears is a fork of the Bitcoin Core block chain developed by…

Bitcoin Gold appears is a fork of the Bitcoin Core block chain developed by Litecoin. Only a few conservative changes have been made. Since the release of Bitcoin Cash in August, many people have predicted that hard forks will be more common in the Bitcoin community. Some people really want to improve Bitcoin's block chain, but others want to redirect Bitcoin to a new direction. Of course, some people want to make money.

Pros
  • One of the primary goals of Bitcoin Gold is to create a truly distributed Bitcoin version. To achieve this, the developer of Bitcoin Gold hopes to open up mining to other market players by replacing Bitcoin's mining algorithm with an algorithm that can be assigned to a graphics card. The idea is to create a great miner who is considered controversial in the Bitcoin community.
Cons
  • There is much debate about what Bitcoin Gold means for the community. The general feeling is that Bitcoin Gold is an informal and insignificant development. Some people think it is an intentional attempt to further divide the Bitcoin community

Revainrating 4 out of 5

Bitcoin's current ASIC-driven blockchain uses a hashing algorithm known as SHA…

Bitcoin's current ASIC-driven blockchain uses a hashing algorithm known as SHA-256 for its job verification. However, the founders of Bitcoin Gold have replaced SHA-256 with an ASIC-resistant algorithm developed by Dmitry Khovratovich and Alex Biryukov, known as Equihash. Equihash is not new to blockchain technology. It is being used with remarkable cryptocurrencies like Zcash's with resounding success. After Bitcoin Gold took over this algorithm, it has made Bitcoin Mining more distributed…

Pros
  • Bitcoin Gold uses a different bitcoin algorithm, which makes it difficult for ASICs to work. This is made possible by the fact that the Bitcoin Gold algorithm requires more RAM to complete tasks. ASICs have more processing power and less memory. They use more memory and cripple their processing power, rendering them virtually useless
Cons
  • Bitcoin’s core developers can simply implement Equihash themselves to fire all ASIC miners should they abuse their powers. And when this happens, Bitcoin Gold will be useless

Revainrating 3 out of 5

Bitcoin Gold is the only Bitcoin fork that implements the new ASIC immunity…

Bitcoin Gold is the only Bitcoin fork that implements the new ASIC immunity proof algorithm. Along with this new hashing algorithm, Bitcoin Gold implements new difficulty adjustments for each block and gradually increases the difficulty based on past block times. Finally, Bitcoin Gold is one of the few Bitcoin forks that support Segated Witness (SegWit) technology and playback protection. SegWit increases the number of possible transactions per block, and replay protection prevents fraudulent

Pros
  • The goal of Bitcoin Gold is to create a network in which anyone can become a miner only with simple hardware. As a result, the Bitcoin Gold Miner will be distributed to many miners irrespective of minning equipment.
Cons
  • There was controversy over the launch of Bitcoin Gold, some of which were more than fork-inspired greed. This accusation comes from the developer who researches mines after launch and retroactively dismantles the first 8,000 blocks or 100,000 BTG coins

Revainrating 3 out of 5

A nice improvement from Bitcoin but maybe not enough to justify investing too…

A nice improvement from Bitcoin but maybe not enough to justify investing too much in it.

Pros
  • A fork from the original bitcoin blockchain, in October 2017. Now people can mine Bitcoin gold with only their GPU instead of having to buy a ASIC chip to stay competitive. Solo miners can take back a little bit of the control they lost with Bitcoin and the mining pools.
Cons
  • Not much of an innovation, only a slight improvement.

Revainrating 4 out of 5

The project has been transparent and created Bitcoin Gold which is an open…

The project has been transparent and created Bitcoin Gold which is an open source software, developed primarily by volunteers from around the world. The fact that you can use the source code of your project freely attracts potential Bitcoin Gold users and investors. Security measures were updated right from the date of the hard fork with coins. One of these measures was to create the unique wallet address of Bitcoin Gold, and the other was to install coin recovery protection to avoid…

Pros
  • Bitcoin Gold Developers Chooses Bitcoin's Transparency, Protection, and Deployment Issues Bitcoin Gold primary objectives is changing mining algorithms and prohibits the use of specialized mining ASIC chips. This prevents large-scale mining operations from dominating the mining process, and allows solo winners to continue mining operations only with the computer's GPU.
Cons
  • Developers of Bitcoin Gold are not more concerned about the the central issuance of Bitcoin. Rather, they were thinking about the emergence of mining operations and the massive ASIC mining operations that are gradually controlling the hashing performance of the Bitcoin network.

Revainrating 4 out of 5

Bitcoin Gold is a hard fork of Bitcoin with it been distrubuted to Bitcoin…

Bitcoin Gold is a hard fork of Bitcoin with it been distrubuted to Bitcoin holders on a ratio 1:1. It's a distributed digital currency, an open source cryptocurrency. The stated purpose of the hard-fork is to restore the mining function in a generic graphics processing unit instead of working with a special ASIC used to develop Bitcoin. Bitcoin Gold decentralizes mining by adopting a PoW algorithm, Equihash-BTG, which cannot be run on the specialty equipment used for Bitcoin mining with the

Pros
  • They plan to make mining accessible to all and sundry which was the true vision of Satoshi with an ASIC resistant GPU powered miner as this kind of hardware is ubiquitous, and anyone can start mining with a standard, off-the-shelf laptop computer
Cons
  • It's just another example of a shitcoin with an excuse to provide a solution to a problem that wasn't really existing and doesn't care to be solved.

Revainrating 4 out of 5

In conclusion, BTG is just another Bitcoin version since the transaction…

In conclusion, BTG is just another Bitcoin version since the transaction process of the BTG is just the same with Bitcoin, so do not worry about your money since it is safe.

Pros
  • An advantage for BItcoin Gold (BTG) is that it adopts the Equihash algorithm rather than Bitcoin’s SHA-256. Bitcoin Gold’s goal is to become a decentralized version of bitcoin.
Cons
  • There are evidences suggested that there was pre-mining of BTG on September 28, acted privately and without feedback from the community, jeopardizing the trust between team and the community, and the project’s code to be released are refused by the BTG team, leading Coinbase to trash their support out of security reasons. Regrettably, information about BTG are limited as of the moment.

Revainrating 4 out of 5

Often there is a confusion between BTC and BTG that slows down the speed of…

Often there is a confusion between BTC and BTG that slows down the speed of carrying out transactions. Besides, some users consider huge minus that authors of the project have carried out a premayning

Pros
  • it is generated by the hardfork of the bitcoin.big thanks to her BTG is capable to compete with ETN fully. This fact is explained by the fact that Bitkoin Gold is got by means of GPU mining which is most often used for Efirium's receiving.Bitcoin Gold is a free open source software project created by volunteer developers and supported by a rapidly growing community of Bitcoin enthusiasts that spans the globe. If you held BTC at the time of the split, you now have an equal amount of Bitcoin gold.
Cons
  • They need more publicity and a huge community engagemenr to operate at the level they aim to.

Revainrating 4 out of 5

All in all, I find this project appealing for many reasons. They constantly…

All in all, I find this project appealing for many reasons. They constantly give back to the community and have a very juicy reward system by giving exrtra btc to those who holdl btc gold on their system. Unfortunately, this caused a price slump due to over proliferation. They have a secure and decentralised system and I back them to make a big leap up in the market soon. They also offer coin creation and analysis services to startups willing to launch on the blockchain.

Pros
  • An advantage for BItcoin Gold (BTG) is that it adopts the Equihash algorithm rather than Bitcoin’s SHA-256. Bitcoin Gold’s goal is to become a decentralized version of bitcoin.
Cons
  • Timeline is not the most realistic among other coins in existence. Can improve on aspects such as communication among the participants.

Revainrating 4 out of 5

Decentralizes mining by adopting a PoW algorithm, Equihash-BTG, which cannot…

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 GPU. 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. Is a free open source software project

Pros
  • Bitcoin Gold is a hard fork of the cryptocurrency Bitcoin, which gives ordinary users a fair opportunity to mine with ubiquitous GPUs. Bitcoin Gold is a free open source software project that is built by volunteer developers and supported by a rapidly growing community of Bitcoin enthusiasts that stretches around the globe. Has become one of those fork types whose emergence created unwarranted disagreements and it has soared despite that setback. However, the very nature of the currency has transcended the need for argument on whether or not it is a valid cryptocurrency and essentially worth having.
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 5 out of 5

The BTG can be a good future investment but we need to keep an eye of the…

The BTG can be a good future investment but we need to keep an eye of the developer updates to decide more on this.

Pros
  • The complexity of Bitcoin mining is essentially corrected and lowered due to the introduction of the Bitcoin Gold.
Cons
  • The heavy BTG wallet has not been able to become popular due to the requirement to download the whole blockchain

Revainrating 4 out of 5

I think BTG is not a that much of a successful project because it does not…

I think BTG is not a that much of a successful project because it does not provide a good unique solution to any problem successfully.

Pros
  • This allows the modified version of Bitcoin, the Bitcoin Gold to mine using a day to day GPU and it increases decentralization potential.
Cons
  • However the community has revealed that the BTG-wallet might be insecure and not protected as expected,