Bitcoin Gold [BTG] April 2018 Price Predictions, Exchanges and Announcements

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16 Apr 2018, 19:10

What is Bitcoin Gold (BTG)?
Bitcoin Gold (BTG) is a free, open-source cryptocurrency project developed by volunteer bitcoin enthusiasts. Bitcoin Gold is a proposed fork to the Bitcoin network to create a new blockchain. The new blockchain is incompatible with the existing version of Bitcoin.
Bitcoin Gold (BTG): History
The fork occurred in late October 2017, on block 491407.The purpose of the fork is to create an ASIC-resistant Bitcoin, by reusing Equihash proof-of-work algorithm from Zcash. It was first announced on 23 October 2017 and launched on 12 November 2017. The Bitcoin Gold project used a “snapshot” (state capture) of the Bitcoin blockchain at block 491 407 which means that Bitcoin Gold shares the same bitcoin history from the first to the last block.
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How does it work?
Bitcoin Gold (BTG) aims to fix this monopolisation of mining by professional businesses by changing the algorithm used to solve blocks. Where Bitcoin uses the SHA-256 algorithm to mine new blocks and transactions, Bitcoin Gold uses Equihash. Both are proof-of-work algorithms, meaning they require the miner to solve a hard cryptographic puzzle to mine a block. One of the very first updates made to the Bitcoin Gold ecosystem was replay protection because a common problem with bitcoin forks is transaction replay. A replay is possible because both the original blockchain and the newly branched blockchain contain the same transaction history.
read full newshttps://coinsmarketcap.net/bitcoin-gold ... exchanges/


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