About Bitcoin Gold
Bitcoin Gold (also referred to as Bgold) constituted a hard fork of Bitcoin that occurred back in October 2017, Bitcoin Gold is the new blockchain will be incompatible with the existing version of Bitcoin. The aim of Bitcoin Gold is to change the design of the original Bitcoin and to become a better gold than Bitcoin.
Bitcoin Gold decentralizes mining by adopting a PoW algorithm, Equihash, which cannot be run faster on the specialty equipment used for Bitcoin mining (ASIC miners.) Application-specific integrated circuits (ASICs) now perform nearly all of the mining on the Bitcoin blockchain. These are devices built specifically for Bitcoin mining that is 1,000,000 times better at mining than your home computer.
Bitcoin Gold is another hard fork that will bring some changes to the ecosystem. Hard forking Bitcoin’s blockchain fairly and efficiently distributes a new digital asset immediately to people all over the world who have interest in cryptocoins.
To guarantee the safety of the Bitcoin ecosystem, Bitcoin Gold has enforced full replay protection and unique wallet addresses.
Bitcoin Gold is a free open source software project that is built by volunteer developers and supported by a rapidly growing community of Bitcoin followers that stretches around the globe.
Bitcoin Gold Price
The Bitcoin Gold price to USD reached a historical high to $524.26 on Oct 24,2017. Recently, we saw a declining pattern in bitcoin gold price against the US Dollar.