BLOCK 491407 REACHED - BITCOIN GOLD " DON'T LOOSE YOUR MONEY"

in #bitcoin7 years ago

WHAT IS BITCOIN GOLD?

BITCOIN GOLD CAN BE DEFINED IN FOLLOWING POINTS:
1 . ITS A FORK FROM (ORIGINAL SATOSHI NAKAMOTO BITCOIN CREATED IN 2008) BITCOIN BLOCKCHAIN

2 . OFFICIAL DATE FOR BITCOIN GOLD CREATION IS 25TH OCT,2017.

3 . A NEW PROOF OF WORK ALGORITHM GIVEN TO BITCOIN MINERS.

4 . BITCOIN GOLD HAVE SHORT NAME BTG OR BGOLD

5 . IT WILL BASED ON EQUIHASH SO IT CAN BE MINED THROUGH GPU.

6 . BTG HAVE POOL OF PRE-MINED COINS FOR 16000 BLOCKS.

7 . BLOCK SIZE IS REMAIN SAME .

WHO IS BEHIND THIS HARD FORK

"JACK LIAO" THE FOUNDER OF HONGKONG BASED MINING EQUIPMENT MANUFACTURING COMPANY, LIGHTNINGASIA

AIMS TO DO HARD FORK

1 . IT AIMS TO COMPETE WITH BITCOIN CASH, ZCASH, ETHEREUM ,MONERO

2 . PROVIDING GRAPHIC PROCESSING UNIT (GPU) FOR MINERS.

3 . BECOME TOP CRYPTOCURRENCY .

4 . USER ACTIVATED HARD FORK (UAHF) PROPOSAL FOR GPU MINING .MINERS HAVE CHOICE TO CHOOSE SIZE OF THE BLOCKS IF THEY WANT TO MINE.


BRIEF CHART TO UNDERSTAND :