The debate about Bitcoin's escalation is far from calming down, especially when a new bifurcation has already been made, such as Bitcoin Gold. We have seen the most intense discussions regarding the scalability of Bitcoin in 2017. Throughout the year, buyers, builders and miners engaged in a tough and important debate on how to scale Bitcoin to cope with the growing volume of buyers and transactions. On August 1, 2017, the adoption of new protocols that required a " hard fork " The result was a division of the network into two entities; the cryptocurrency of bitcoin standard - BTC - and bitcoin cash - BCH.

Now, we have a new division. After the height of block 491407, the chain of blocks Bitcoin experienced a hard fork, and once again, gave birth to a new digital currency called Bitcoin Gold (BTG).

We have already explained what Bitcoin Gold consists of (see here) Bitcoin Gold: The new Bitcoin hard fork ")

The BTG project has gained great popularity in social networks and Slack and the BTG team have already made the code available to the public for review. The full launch of the BTG network is scheduled for November 1, which is when the bitcoin holders will receive the BTG tokens.

Now, the controversy continues. While many shout that this is an attack on Bitcoin and a clear scam, there is still a lot of discussion in the way of another hard fork. Although the plans for this new division were presented in July, many enthusiasts within the Bitcoin community are not yet fully aware of the project and the implications it could have. There are many who consider that the second fork is an attempt to troll the previous hard fork and the adoption of SegWit2x. But the truth is that it is already realized and things move.

Access to Bitcoin Gold

The distribution of the new token will work exactly as it did with the Bitcoin Cash division. Bitcoin owners who want to access these new tokens should make sure they have full access to their private keys. Any bitcoin owner, depending on their wallet will receive an equal amount of BTG. For example, if a holder owns 10 bitcoins in their wallet, then they will be entitled to the same exact amount in BTG. However, there is still a lot of debate about the distribution of the BTG tokens.

Bitfinex has already accredited its users with BTG, but it seems that at least some operators with margins in bitcoin now have a negative balance of BTG. Trezor also launched an announcement on October 23 saying it would admit Bitcoin Gold, but that the Trezor wallet will await adequate reproduction protection, which means that if you want to keep both BTC and BTG no further actions are required.

Others will not bear the altcoin at all, as Coinbase , Kraken and ShapeShift. Any secure Bitcoin wallet that gives the user exclusive control of cryptographic private keys before the October 24 fork will allow you to claim Bitcoin Gold.

Some wallets may offer you direct access to your BTG, while others may require you to take additional technical measures. For example, Coinomi's wallet will allow you to import your private keys from a bitcoin address and place them in the Coinomi wallet for BTG (you only have to do it after sending bitcoin to another address).

Verified wallets that admit BTC and BTG side by side will appear in the homepage of Bitcoin Gold.