After CASH we will have GOLD, BTC GOLD
Source: http://btcgpu.org/
What is Bitcoin Gold?
Is the resulting currency, which will come with the second bitcoin hard fork of the year, after the BCH hard fork. Planned launch is the 25th of October and coins shall be available with the start of 1st of November.
Difference
Main difference is the proof-of-work change from bitcoin's SHA256 to Equihash, a memory-hard algorithm that is ASIC-resistant and optimized for GPU mining. This will make the big miners less relevant.
Even Steemit used Equihash for the initial mined STEEM: https://www.steemithelp.net/new-page-3/
Source:
As the main developer "h4x" states on the BCG slack channel, the main goal is to bring more smaller miners into play and make it a truly decentralize blockchain, as today big mining farms control the market.
Who is behind the fork?
The initiative comes from a mining company called LightningASIC, which is located in Hong Kong. It is a mining hardware provider especially for LTC mining.The CEO of LightningASIC and the leader of the project leader is Jack Liao. His linkedin profile: https://www.linkedin.com/in/jack-liao-4a0b7842/
This is interesting that a producer of ASIC mining equipment wants to implement such a hard fork.
As we can see this hard fork is also started from China by a mining equipment producer. For BCH it was Bitmain.
Social Media
https://twitter.com/btcgpu
https://www.facebook.com/btcgpu/
https://join.slack.com/t/bitcoin-gold/shared_invite/enQtMjQ0MDU5MTk3NDU4LTI4NjViNTE1N2NmNjYzMmZmZmY3OTNiZTU2ZDc5YWQyOGFmMzk2YTAyMjY5NGNlZTEzNjhkZDBiOWFiMDQ4ZjY
https://github.com/BTCGPU/BTCGPU
How to get BTG?
Like with the BCH hard fork, keep your BTC in a secure wallet on the 25th of October, not in the exchanges, as exchanges are not obliged to give you the produced currency.
Opportunity
Let's put it this way, it will be free cryptos. Even if it does not hit the success of BCH, where BCH is now at 12% of the market value of BTC, you will get free cryptos. It is interesting to see the development of BCG and also of BCH after the hard fork.
Risk for BCG
As there is not much information about the project available, there are a lot of question open, like what is the status of the project. The team behind is a mystery.
The discussion about the block height is still running.
What we know is that:
"It is a minimalist fork of the Bitcoin Core codebase in the spirit of litecoin – only a few conservative modifications," This was said by "h4x" which is the anonymous lead developer of the project.Another point is that this hard fork does not have the media power as the other one and so the publicity is reduced. This will probably lead to a lower initial price for BCG compared to BCH
Conclussion
It is another split in the world of the Bitcoin blockchain. Time will tell if it will benefit the ecosystem. Some think such hard forks are done mostly for money, others see it as a natural evolution.
For the short time the ones who hold BTC can benefit from the hard fork. For the long run, there are a lot of questions open, the main affecting the credibility of BTC and it's offspring.
Let us know in the comments your views on this ICO and what ICO you are interested in.
Disclaimer: The views expressed in this article are solely the author or analysts and do not represent the opinions of ADSactly on whether to to buy, sell or hold shares of a particular crypto currency, cryptographic asset, stock or other investment vehicle.
Individuals should understand the risks of trading and investing and consider consulting with a professional. Various factors can influence the opinion of the analyst as well as the cited material. Investors should conduct their own research independent of this article before purchasing any assets.
Past performance is no guarantee of future price appreciation.
Authored by: @alexvan
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Awesome! except I don't think I will be holding many bitcoins because I spent all them all on STEEM!
I'm thinking about converting a good chunk of my BCG into Steem after the price gets discovered a bit for it after launch. I held my BCH but might divest a bit of that into Steem soon.
Thats a good plan! Either way we win!
I like that plan @matt-a.
I dont have a lot of BTC but what I do have, if the BCG is worth even a few hundred per BTC coin, then I will also move it to Steem.
STEEM is certainly a good investment!
Lucky you ,haha ,I dont have that many of them to spend here on steemit 😎📈💰💰
Amazing ...mention steem positively and get money ...I will try ...:)
I'm going to sell my house and buy all the STEEM possible ..
Steem to the MOON..!!!!!
So basically anyone with enough hash power can hard fork as they please.. I don’t get it
I don´t think there will be any exchange who will list those "bitcoin gold" tokens.
Hi adsactly,
Thanks for sharing
I hope this fork is not going to happen because it would mean more forks in the future and more competition for the original bitcoin.
yes me too. Main question is what does it mean for credibility of BTC? I mean in every beginners guide you can read Bitcoins are limited too (what ever). But if there come splits every few month ... amount of coins is endless ... hm
Thanks for the knowledge - didn't know that before!
thank you for awareness.
Yess, yet another dividend payout on my Bitcoin balance :)
I plan to sell most of it right away.
The question is, will it ever get listed on an exchange ?
I don't mind Hard Forks at all. @adsactly the best thing about the forks is that it creates a BUZZ in the Crypto World and really to be honest it is a great way to add even more value to your holdings.....
I was researching the matter and didnt find a objective post with all the info about Bitcoin Gold.
Thanks for sharing
So will this fork result in the ownership of equal tokens like the BTC and BCH did? If I have 5 BTC will I have 5 of each BTC and BTG after the fork?
I just want to be clear as a mortgage is in play here.
Just my two STEEMS Worth.
Yes, but please take in account not to hold them on any exchange, just in BTC wallets like Mycelium or Airbitz.
This post has received a 1.62 % upvote from @boomerang thanks to: @alexvan
@boomerang distributes 100% of the SBD and up to 80% of the Curation Rewards to STEEM POWER Delegators. If you want to bid for votes or want to delegate SP please read the @boomerang whitepaper.
all I really need to know is that this means more free money! :D
Yes! Not much, but yes :)
I'm wondering if there is much community support or demand for this hardfork. If the exchanges aren't talking about supporting it, it's not likely to gain traction. I'm also interested in hearing about the upcoming ETH fork.
This post has received a 5.55 % upvote from @boomerang thanks to: @alexvan
@boomerang distributes 100% of the SBD and up to 80% of the Curation Rewards to STEEM POWER Delegators. If you want to bid for votes or want to delegate SP please read the @boomerang whitepaper.
upvoted my friend i love your article..bitcoin is the leading on crypto industries..
as time goes by it will up more and more great value on the future,,lets save bitcoin today..and it will be the most digital treasure on this digital world.
have a nice day my friend..
i have my article share with you hope you love it,,
https://steemit.com/untalented/@mrblu/spoken-connect-words-by-surpassinggoogle-created-via-poem-by-mrblu
Hello amazing post and information really bitcoin gold ?
is this a airdrop or chainsplit> ?
thank you for the information, this is very helpful.
what is your take on the ethereum hardfork coming up?
Yes someone can minimize risk by consulting with professionals. Of course should depend their own research and experience.
In ten years in coinmarketcap, first 10 cryptocurrencies will be bitcoin, bitcoin cash, bitcoin gold, bitcoin silver, bitcoin diamond, bitcoin ruby, bitcoin ace, bitcoin stone, steem, steem dollars.
Lol @jwolf
With the Launch of SMT, you never can tell what will be topping CMC in two years time.
@ogochukwu
When will the Segwit2X fork? Does that mean that we have 2 hard forks coming up, one for bitcoin-gold and the other for segwit2x? If that is the case, we must buy as much bitcoins as possible now, as after those 2 forks, we'll have 3 currencies of the same amount!
good post. thanx for sharing. I think I have to agree. This can only be a good thing. Upvoted. Cheers
wow..... good information. @adsactly. you are great.
great information of cryptocurrency .thanks for sharing
Yeah its going to be another fun month for bitcoin (not) all of this happening is doing nothing to better bitcoin just hurt it instead. I hope this gets very little support like bitcoin cash.
By the way its goona be my brith day on 25th
You telling me now... I have spent all of them
How resistant is equihash though and will we not simply have to keep recycling all of these "resistant" coins as soon as technology improves enough again?
If so, then a "monopoly" can still form and this doesn't solve the real issue.
Good read, lots of useful info. Thanks for the heads up
A great summary of what is going on. Thank you for posting this.
I will be sure to have all my BTC out of the exchanges...although I dont think I have any there to begin with.
That said, I dont see BCG as being big. I think, in the end, BTC will prevail. So far, through it all, BTC keeps going up.
Thanks for this highly informative piece. This year we are surely going to be spoilt for choice when it comes to Bitcoin options 😊
Crypto is a good investment in current situation.
Thanks for sharing!
thank's for sharing
@adsactly
If you may please look at your wallet i sent you a tiny gift.
Omar
The only thing i am looking for is free cryptos like we got in BCC :D
is it really going to happen,if BTC gets spitted these way then what will be the major impact on Prices ?
Very interesting. Thank's for sharing @adsactly )
thanks for sharing, I haven't figure out all these crypto just yet, learning bit by bit everyday.
great post......
And I have moved my 75% portfolio in bitcoin now. Dont want to miss out like last time where only 30% portfolio was in btc.
Free bitcoin gold is everyone expecting and this is also one of the.factor driving btc price up.
FOMO is not always a great way to make money my friend!
Yes just turn it around then .......should be OMOF - Out Money Own Fear
Thank you Kindly
which wallet should i use to get BTG? i use to keep all my btc on exhanger before this and only have exchanger wallet address.
I'm sure some changes will send a letter a week before notifying that they will also credit accounts as it only makes sense...or everyone would empty changes......which is never good for any markets........
Typo -error- " change changes to Xchanges"....ah a little rhyme in there
I will support Bitcoin Gold with my mining company.
RIP bitcoin it was a good run
Register on Binance exchange to get your BTG address to mine and trade starting Nov 12. https://www.binance.com/?ref=10033591
Binance exchange is fast and charges much lower fees than Bittrex when you are ready to trade. 50% discount on fees when you use their own token BNB