BTG - BitCoinGOLD - blockchain is Live! * Segwit use unlike BitcoinCash * Decentralizing Bitcoin Again.

in #bitcoin7 years ago (edited)

What is the purpose of Bitcoin Gold? (DECENTRALIZING MINERS) and Staying on Segwit.

The purpose of Bitcoin Gold is to make Bitcoin mining decentralized again. Satoshi Nakamoto’s idealistic vision of “one CPU one vote” has been superseded by a reality where the manufacture and distribution of mining equipment has become dominated by a very small number of entities, some of which have engaged in abusive practices against individual miners and the Bitcoin network as a whole. By changing Bitcoin’s proof-of-work algorithm from SHA256 to Equihash, all of the specialized SHA256 mining equipment will be obsolete for mining the Bitcoin Gold blockchain. Thus, Bitcoin Gold will provide an opportunity for countless new people around the world to participate in the mining process with widely-available consumer hardware that is manufactured and distributed by reputable mainstream corporations. A more decentralized, democratic mining infrastructure is more resilient and more in line with Satoshi’s original vision.

Is Bitcoin Gold a competitor of Bitcoin?
No. Bitcoin Cash and B2X are hostile forks that use the same PoW algorithm as Bitcoin – SHA256 – which results in a permanent state of conflict over a finite amount of ASIC mining hardware that is required for solving SHA256 proof-of-work. Bitcoin Gold, on the other hand, uses the Equihash PoW algorithm, which cannot be solved using ASICs that have been designed for Bitcoin. This ensures that Bitcoin Gold is not in competition with Bitcoin over limited resources. Instead, Bitcoin Gold will have an entirely different mining infrastructure, consisting of general purpose computer hardware (GPUs).

Making Bitcoin Great Again

BTG - BitcoinGold on Twitter - https://twitter.com/bitcoingold

EcoSystem (Wallets, Mining Pools and Exchanges - http://bitcoingold.org/#features

http://bitcoingold.org/#features

PLEASE FOLLOW, UPVOTE & RESTEEM me if you were the least bit informed or amused. The chances are, that I will become even more informative or at least more amusing.

bitcoin-gold.png

To Donate Bitcoin:
Help Me (salty1965) get the word out to new users of CryptoCurrencys on Steemit and on the Steets.
My Bitcoin Wallet * 1LCxh3R4tLDbTvPYBjqQ6qFdz4GrQ1usEX

some of my favorite long term holds (2 are in ICO phase) referral links:
Salt Lending - SALT https://membership.saltlending.com/register?r=H6Vyv
(Salt Lending will be accepting SALT payments on loans at $25.00 per SALT Token, it is under $5,00 NOW!)
BNB Binance - https://www.binance.com/?ref=10982607 (If you trade on Binance and use BNB to pay for the trade you pay -50% less for the transaction fee. They also pay out dividends annually I believe. Please confirm)
SXS Spectre Public ICO 1 ETH = 2000 SXS https://spectre.ai/?r=gSTIX4 (HUGE)
ADST AdShares ICO 1 ETH = 2500 ADST - https://ico.adshares.net/?pto=0x07FB9DFA9936f674D2Ee8735C94C7ec8e70273C3 (Simular to ADX AdEx) ADX is aprox. $1.00 USD and is way under valued.

If you feel my posts are undervalued or you want to donate to STEEM tip me - I would appreciate it very much.

Thank You! Salty1965

Sort:  

Wonder what happens

As far as markets go looks like it hit the initial low at $355. on Binance down just 7.5% as that goes, the sloshing effect is BTC is being sold in a rush lower and BCC is being sold higher.. but sold higher. It all is effecting BTC and it's looking by my charts here that BTG my bounce again. It's wallets are not open and exchanges are not allowing deposits or withdrawals yet as it is not released yet. I believe it will be a safer a less manipulated solid coin more so than BTC.

BTW the Asian Monster of buyers is just now waking up. Its about 0730 on the east coast of China. Lets see what happens now.

Coin Marketplace

STEEM 0.19
TRX 0.16
JST 0.030
BTC 63931.86
ETH 2639.37
USDT 1.00
SBD 2.83