The group behind bitcoin blockchain has created a "fork" or split in the blockchain which resulted in the creation of Bitcoin Gold on October 24th...
Bitcoin golds birth purpose was to make mining cryptocurrency more approachable by less powerful mining machines. Right now mining cryptocurrency is restricted to a small group of people with high powered mining rigs.
Bitcoin Gold was created to be highly assessable by more people with less powerful machines. Pushing the blockchains decentralised network further while creating a wider user base.
(All dollar units below are in USD)
July 2017 the bitcoin blockchain had a similar "fork" and announced Bitcoin Cash, Right now one single Bitcoin cash unit sits at $1852.48! Thats a massive increase since october 31st...The price then was sitting at $453.918.
What are the experts saying about the Fork? Varying opinions linger around the split in the system and some say it contradicts the the digital currencies apparent limited amount of coin. Creating a fork to produce a new currency and... more coins. Others say forks are key to growth for the cryptocurrency ecosystem.
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