Bitcoin Gold Algorithm Change For Recent Attack [ EQUIHASH-BTG ]

Hello steemians friends lately I've been a bit removed from the news in reversion to bitcoin or other cryptocurrencies and today I read that bitcoin gold has been attacked in these last days the news gave me curiosity and I investigated a little.

                                   Decentralize Bitcoin gold 

Start: Recently, bitcoin gold has been attacked by cyber attack due to the appearance of the ASIC team. This team is in charge of the extraction with the Equihash algorithm used by other popular cryptocurrencies. Due to these attacks and the announcement of 1 month ago of #bitmain manufacturer of ASIC equipment. Bitcoin gold decided to make a key update on its network this month. Bitcoin gold will change the algorithm of its mining operation. 

Bitcoin gold will use new code that will be called Equihash-btc that will require more memory in the device to solve the mathematical equations. In this way, the ASIC teams created to undermine this algorithm will not be able to work with the new update. In addition, it will not be possible to create specific devices for Equihash-BTG, so that the miners participating in the network will be able to continue using their GPUs without being threatened by other actors that can centralize the network.

A recent announcement of Bitcoin Gold says

This will significantly reduce the risk that ASICs put into our network. This solves our short-term security problem and gives us time to consider other long-term alternatives (...) Although we know that this parameter change is not a permanent solution - this change will not stop the ASICs forever- we know that it will solve our problem for now.


Bitcoin Gold

Although this measure is not the definitive solution on the threat posed by ASIC and the attacks of 51%. The bitcoin gold developers are constantly working to keep bitcoin gold decentralized.

Since the creation of bitcoin, the aim of its creators was to decentralize BTG, which is currently monopolized by pools in China where the largest mining farm with ASIC equipment of this currency is located. One of the main characteristics of bitcoin is the decentralization that has been seen in recent days, decentralization is based on not having any central institution. These mining pools go through greater control of the network and return to the problems that Bitcoin intends to solve.

Several questions go through my mind:

Could Bitcoin Gold solve all its problems with the new Equihash-btg algorithm?

Could Steem withstand an attack type like this?

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