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Category Archives: Bitcoin Gold (BTG)

Quick Cryptocurrency Overview: Bitcoin Gold (BTG) – Should you invest?

Quick Cryptocurrency Overview: Bitcoin Gold (BTG) – Should you invest?

Source: Crypto Coins

Bitcoin Gold (BTG) vs. Bitcoin (BTC)

One significant difference between BTC and BTG is the respective mining algorithms employed. The former uses SHA-256 while the later uses Equihash which is inspired form ZCash, a Cryptocurrency.

But the Bitcoin Gold developers have pre-mined 100,000 coins to fund themselves before opening the network to the general public. Also, the developers added a mining fee in the software that automatically deducts from the coins earned by the miners. Lately, an option became available to opt out. 

Bitcoin has way larger community and acceptance than BTG, which is an advantage for long-term success. Being famous has its disadvantages. Recently, fake transactions fluttered all over the Bitcoin network. Due to the block size and block time limits, the real transactions have struck for days without confirmations. And it eventually needs more burdensome transaction fees to attract the miners to pick your transaction and confirm it.

The Mining Issue

The core principle Bitcoin is decentralization and have no central authority. But as the days pass by ASIC hardware came into the picture. The ASIC manufacturers filled their pockets as the value of BTC rose, and the difficulty of mining has increased. And the general miners are ruled out.

The Bitcoin Gold uses Equihash algorithm to be ASIC resistant. And the algorithm is Memory intensive rather than depending much on processing power. A GPU is the crucial ingredient in the mining process. But the speculation is that one of the core team members of Bitcoin Gold owns a part in a massive GPU manufacturing company.

Conclusion

Finally, the fate of any Cryptocurrency is decided by the problems it solves. Moreover, the ease of use a currency brings the better sustainability.

The Whales have always had an eye on Bitcoin. Pumping and Dumping is the strategy they have with millions of dollars.

The new users should be aware that, the Cryptocurrency prices move a lot faster than the traditional markets, where the law prosecutes the people behind pump and dump schemes.

In the Cryptocurrency world identifying the owner of funds is much hard; let alone bringing the bad guys under the law.  

If you’re the owner of Bitcoin (BTC) before and during the fork, you can get the equivalent amount of Bitcoin Gold. Read how to get your Bitcoin Gold here.

Trezor Wallet: Claim your Bitcoin Gold

For the time being, your Bitcoin Gold wallet will only be accessible from the TREZOR Beta Wallet.

Bitcoin Gold is a fork of Bitcoin, sharing its history up until the block height 491407 (around October 24, 6 am UTC). If you have held bitcoins on TREZOR before this block, you will have the same bitcoin gold balance as your bitcoin balance (at the time of the fork).

Be sure to continue to read at the source: Trezor Medium

TREZOR Statement on SegWit2X Hard Fork

SegWit2X is a proposed fork of Bitcoin, to upgrade the blocksize to 2MB according to the New York Agreement. The fork is scheduled to occur at block height 494784 (around November 16). As this is a contentious hard fork, Bitcoin will most likely split in two after this block, with Bitcoin (BTC) and SegWit2X (B2X) emerging.

If you have held BTC on your TREZOR before the fork, you will own the same amount of BTC and B2X after the fork.

Be sure to continue to read at the source: Trezor Medium

In case you’ve missed it: TREZOR Statement on Bitcoin Gold Fork

The Cryptoverse: Bitcoin Gold Worth How Much? / Twitter Killer / Zappl Launched / Roger Ver Bets $1.3m on Segwit2x

The Cryptoverse: Bitcoin Gold Worth How Much? / Twitter Killer / Zappl Launched / Roger Ver Bets $1.3m on Segwit2x

Source: The Cryptoverse

Bitcoin Fork: Simple trick to secure your coins WITHOUT replay protection!

Bitcoin Fork: Simple trick to secure your coins WITHOUT replay protection!

Source: TenX

The Cryptoverse: Bitcoin Gold Hard Fork – My Last Minute Comments, What I Intend To Do And Why (The Cryptoverse)

The Cryptoverse: Bitcoin Gold Hard Fork – My Last Minute Comments, What I Intend To Do And Why (The Cryptoverse)

Source: The Cryptoverse

How to Be Prepared for the Bitcoin Fork

How to Be Prepared for the Bitcoin Fork

Source: Tommy World Power

Daily: Bitcoin passes $6000!! / Altcoins Drop / Bitcoin Gold Forked?

Daily: Bitcoin passes $6000!! / Altcoins Drop / Bitcoin Gold Forked?

Source: Boxmining

Bittrex Statement On Banned Accounts / Infographic On Failed ICOs / Huobi To Support Both BTC Chains

Bittrex Statement On Banned Accounts / Infographic On Failed ICOs / Huobi To Support Both BTC Chains

Source: The Cryptoverse