Bitcoin Gold (BTG) was launched on 12 November 2017 by hard-forking the original Bitcoin (BTC) blockchain at block number 491,407 and switching to a new proof-of-work algorithm (Equihash). This has created a bifurcation of the Bitcoin blockchain. The original Bitcoin blockchain continues on unaltered, but a new branch of the blockchain has split off from the original chain. This new branch is a distinct blockchain with the same transaction history as Bitcoin up until the fork, but then diverges from it. As a result of this process, a new cryptocurrency was born. The purpose of Bitcoin Gold is to make Bitcoin mining decentralised and available to anybody; this is in contrast to Bitcoin (BTC) mining which has been dominated by large mining farms running highly specialised equipment.
Do you want to start investing in Cryptocurrencies and take profit from its exponential growth? Download FREE eBook