Bitcoin Gold in a Nutshell
Bitcoin gold essentially wants to make mining easier and open it up for the masses. To do this, they plan on changing the proof of work algorithm from bitcoin’s current SHA256 to something called an Equihash mining algorithm.
Bitcoin’s SHA256 mining algorithm led to the creation of ASIC miners. These application specific integrated circuits (ASICs) are custom hardware created by a few companies. These chips allow people to mine for bitcoin much more efficiently than other methods and lets the companies who produce control a lot of the mining power.
Bitcoin gold wants to solve the proposed problem of mining centralization by allowing anyone to mine the cryptocurrency with a basic GPU graphics card, similar to the early days of Bitcoin.
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