will receive an equal amount. The proof-of-work that theyve chosen. None achieved a majority of the hash power. Intended soft forks splitting from not-most-work block The fork fixing the value overflow incident was controversial because it was announced after the exploit was mined. Typically, that means a dedicated website as well as a "white paper" that describes the proposal in detail. Sign up for Programming Blockchain Seminar in Stanford, London or Seoul! That means its much more expensive to produce asics for Equihash and the speed gain isnt nearly as much. Decentralized again But while those in the know might be skeptical of bitcoin gold, it does have a goal that many in the community may find attractive: creating a truly decentralized bitcoin.
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Yet h4x told me the Bitcoin Gold testnet won't be up until the middle of this month, just a couple of weeks before the Nov. In remarks, p founder Jiang Zhuoer and ViaBTC CEO Haipo Yang two early champions of bitcoin cash went so far as to downplay bitcoin gold as insignificant. This comes in the wake of the Aug. By comparison, a normal CPU can mine Equihash at around 1030 H/s, bitcoin crown price where as specialized equipment can do something like H/s, or about 100 times more work per second. Liao had become concerned with increasing centralization among a handful of Chinese Bitcoin miners. Bitcoin Gold 's website today is just a page with a logo, the Oct. With bitcoin gold in the works and another hard fork slated for November, it seems that prediction is slowly becoming reality. Contents, forks of the client software, the following are forks of the software client for the bitcoin network : All three software clients attempt to increase transaction capacity of the network. One thing is clear though about the funding: because of the nature of the split, every bitcoin user at the time will have an equal amount of bitcoin gold associated with their private key. Bitcoin Gold will only affect you if you own Bitcoin when they pick the hard fork block, that is, around October. That does not mean that their coin launches on that day, just that the Bitcoin blockchain gets frozen for the BTG chain on that day and new BTG blocks built on top later.
The split happened at block #491407 on October.
Bitcoin gold s pseudonymous lead developer h4x said that the project is still evolving and details such as exact block height of the hard fork are still up for discussion.
The Bitcoin Gold Hard Fork Explained.