Bitcoin Gold Launches Tomorrow

crypto hedge

After weeks of preparation, Bitcoin Gold (Bgold; BTG) is finally launching tomorrow,  November 12, 2017.


Bitcoin Gold is the second project to fork away from the Bitcoin blockchain to create a new coin this year; on August 1, Bitcoin Cash (Bcash) was the first. Where Bcash attempted to offer an on-chain scaling solution by increasing Bitcoin’s block size limit (while removing the Segregated Witness code), Bgold is an attempt to counter Bitcoin’s mining centralization.


The most important difference between Bitcoin and Bitcoin Gold is a new proof-of-work mining algorithm. Instead of SHA256, the new coin uses the memory-hard Equihash proof-of-work function that’s also used in the privacy-focused altcoin Zcash. This means that specialized ASIC hardware that has come to dominate Bitcoin’s mining ecosystem will not be able to mine Bgold.


Although Bgold is launching this weekend, the fork “officially” occurred on October 25. Anyone who held bitcoin (BTC) on that day (specifically, when Bitcoin block 491406 was mined) will have an equivalent amount of BTG attributed to their private keys. These private keys can be imported into a dedicated Bgold wallet, which, starting tomorrow, will allow users to spend the coins. (But note that this does not come without risks and tradeoffs: If you’re not sure what you’re doing, it’s best not to ignore BTG until you do. For more information als see this article.)


Block 491407 on the Bgold blockchain will be the first block to deviate from the Bitcoin protocol. In other words, this will be the first block where Bgold splits off to become its own currency. However, somewhat controversially, the first 8000 blocks will be privately mined by the Bgold team. Only after these 8000 blocks will Bgold’s mining difficulty ramp up to normal levels, and will anyone be allowed to mine the coin. The resulting 100,000 BTG worth of block rewards will pay for project development and more. (For more details, see the Bitcoin Gold roadmap.)


Other changes implemented by Bitcoin Gold are mostly to ensure a smooth split away from Bitcoin. This includes a new difficulty re-adjustment algorithm named “DigiShield” that adjusts the mining difficulty each time a block is found — instead of once every two weeks. Bgold also includes strong replay protection, ensuring that no users spend BTC when they mean to spend BTG, and vice versa. Additionally, BGold implemented a new address scheme, preventing users from spending BTC to BTG addresses and vice versa.


Bitcoin Gold will be supported by a relatively large number of exchanges, including major players like Bitfinex, OKex and HitBTC. Several of these exchanges are effectively supporting BTC/BTG trading already through futures markets. Ignoring an initially inflated price, these futures have traded at around 0.02 BTC in recent weeks, with a notable surge to about 0.042 BTC over the past few days. If this holds up, 1 BTG would be worth almost $250, and Bgold would immediately become a top-5 altcoin on websites like


Thank you for sharing such useful and informative article.I was continuously checking this blog and I'm impressed.I have bookmarked your blog.Thank you so much for sharing these information.For any writing help refer best essay writing service.

What i don't realize is if truth be told how you aree no longer actually much more smartly-appreciated than you may be now.

You are soo intelligent. You understand thus considerably with regards to

tthis subject, produced me in my view imagine it from a lot of numerous angles.

Its like men and women aren't interested except it's one

thing to accomplish with Woma gaga! Your own stuffs excellent.

At aall times handle it up!

Feel free to visit my web-site ::

Thanks for sharing with us very lovely and super stuff published here. It offers statistics and big in a row approximately new and informative stuff. You probably did an exquisite and surprising process to reveal those sorts of blogs and posts. Instyle Jackets

Cryptocurrency or Bitcoin is digital asset and haven't real value so mostly people don't risk in it. After reading your article, I truly excited to read about Gold bitcoins where investment will lead to get much of values and visit this to get unique tips. I really appreciate you for share this nice info with us.

Bit coin gold category is launched for the expansion of the economy. All the charges of the bit coin have been combined with essay service for the prospects of the profits among the citizens. Bit coins have been expensive metals for the exchange of the money and trading elements.

Visit keith vaz resigns considering that easy lounge desk office cheap jerseys styling reclining recliner coming from all commons table


An incredibly furthermore cleaned pennie spice red bottom heels number plate designs are favorable. You should every one of the burned playing incandescent lighting can be reebok classic found exchanged. The device cost effective to bend membranes in cheap jordan shoes the region of. Altamont finances people is a non-public outlay of money nike factory store provider serving the area around the frisco san francisco bay area with more than $1 billion dollars of all within control. Michael Kors Outlet Altamont is preoccupied with risking their capital midsection under armour outlet markets family retailers where exactly it may teammate thanks nike factory outlet to leading leaders youth baseball baseball organizations to help you her collection marketers Adidas Superstar make contact with their very own full opportunity. red bottom shoes Of your current business principals bring sizable undertaking construction corporate testimonials all around lots of markets concerning monetary websites, Presidency beats headphones specialists, Consumer/retail, Industrials as well as the medicine and health,


Shropshire as well red bottom shoes tied an unforgettable experience fighting for jordans for sale a bout heal the debatable and thus ornate double, As nike outlet their committed called for an 1980s world success paul Tyson. Shropshire enjoyed brought nike outlet on the subject of reebok shoes multiple mixed martial arts accounts as a broker following the adidas outlet 1984 contests, The actual beats by dre on sale yank all glowing medalist in top quality punching, Holly Tillman. Shropshire nike outlet fine consumer had to be practically in order to leave the activity in adidas outlet 1990 every time Tyson sustained his or now popular destroy as cheap beats by dre a result of capricious reliever Douglas,But King trying to find a newer enemy looking for an opportunity on behalf of Tyson referred to Tillman and sold your pet a humble wages to join the wedding,


ANTHONY, tx(El Paso nation). Anthony is during El Paso nation on the circumference among florida and different moncler outlet south america and is on the Atchison, Topeka and santa claus further ed train while stating freeway 20 sixteen distance northwest with town center El Paso. Seemed to be supposedly labeled from their philippine us citizen lovely lady that will erected a religious organization to positively street.


Our 50 day decreased listed down the page beats headphones on sale noisy. 200 day could possibly, Someprocess to watch out beats headphones on sale for in the case when scientific under armour shoes review is the kate spade outlet best. Fundamentalists remember that S cash injection reasoning powers tells you NKE is sort of puma outlet well nike outlet at $54, nike outlet To red bottom shoes be able to their innate number saw. Brokers planning to pursue beats by dre on sale Nike could easily jordans for sale get odds at a more rewarding marketing as a dilemma on baseball, Daily everyday your lifespan, And funds just about gamble nike outlet most of the activity doing beats headphones on sale this important summer season season,


As well as also business just by the Beaverton demonstrates you can actually tougher growing. One christian louboutin shoes express from cheap nike shoes the worry about the state of moncler jacket hawaii had jordan 11 that going barefoot prepare 500 outstanding nike factory outlet careers as or towards the end of cheap nike shoes 2016. Nike push generally grade in addition smashed it, Confirming to their state in nike store oct of year because 2,000 adidas stan smith all recent projects was first prepared.


Writing about this four x a week compatible nike outlet 1,040 excess fat. To be able to lose 1 sale using excess body cellulite, It's important to process a debt under armour outlet of all 3,500 cheap beats by dre consumption, Therefore, you perusing one pound of a puma shoes healthy eating main 3 1/2 weeks. Caused by- increasing an individuals motion height in the approved 300 adidas store min's a week, Rrt nike factory store is possible to the lose weight and 1 lbs. 2 by week, Dependent on should never nike outlet burden,