Jun 25, · The fact that bitcoin gold is "a free open-source software project that is built by volunteer developers and supported by a rapidly growing community of bitcoin enthusiasts that stretches around. Dec 07, · Background check: a bit about Bitcoin Gold. Bitcoin Gold (BTG) is a fork of Bitcoin (BTC), and just like Bitcoin Cash (BCH), it came to life in While Bitcoin Cash was created due to the disagreement among community members about how to deal with the scalability issue, Bitcoin Gold emerged for a different reason. Oct 06, · Bitcoin Gold is not supported by the core devs nor the miners outside of one. He is doing it purely out of greed. There is zero chance Coinbase will .
Who will support bitcoin goldBitcoin Gold Recent Updates; Who Won't Support Them? - The CryptoStache
While Japanese exchanges have been relatively open-minded over the latest Bitcoin Fork, other exchanges have a mixed view. Bittrex announced that it would credit Bitcoin customers with Bitcoin Gold, however. Coinbase , which is based in the U. S, said that it would not support Bitcoin Gold and considers the fork as a risk.
Exchanges that have already prepared trading operations for Bitcoin Gold include are as follows:. Bitfinex is one of the larger exchanges and has provided its Bitcoin holders with Bitcoin Gold tokens. While actual deposits and withdrawals are not yet permitted, trading of Bitcoin Gold tokens is possible. Binance has distributed Bitcoin Gold tokens and started trading Bitcoin Gold. Deposits and withdrawals are not yet allowed but will be available once the Bitcoin blockchain is stable.
Withdrawals and Deposits will be permitted once the blockchain is stable. BitStar only permits the trading of Bitcoin Gold with Bitcoin. The fact that some exchanges have distributed Bitcoin Gold tokens ahead of the distribution of Bitcoin Gold coins and allow trading them will be good news for many.
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Also, when I say "rage", I kinda mean rage If you have not heard of the contested hard fork coming up on October 25th called Bitcoin Gold, I will walk you through the basics as well as give the most recent updates for those already familiar.
PLUS, I cover how my favorite cryptocurrency wallet will handle the situation and what that says about this fork. Bitcoin Gold is the name of the new currency intended to fork off from the Bitcoin main blockchain on October 25th. If you don't know what a "Fork" is, then check out this recent article I posted about them in general. Not all forks result in a new currency, but this is an aggressive change to Bitcoin and not everyone agrees.
Their are not a lot of details on "how" Bitcoin Gold will do the things they want to do, but the main reason for this fork is to make Bitcoin mineable using GPU's instead of very expensive and power hungry ASIC's machines. They claim this is to keep Bitcoin as decentralized as possible, because as it stands it is too expensive and resource intensive for individuals to mine Bitcoin so the majority of Bitcoin mining is done by large pools or mega corporate miners.
This leaves the average guy out and the Bitcoin Gold team feels that their new currency is the solution, but is it really a solution? Bitcoin Gold BTG as a solution to this specific mining decentralization problem has been a hot debate this last month and not all are convinced.
Since announcing their plans, there was VERY little information provided by the Bitcoin Gold team and speculation ran wild. Unlike Bitcoin Cash a previous hard fork of Bitcoin I wrote about earlier this year , the Bitcoin Gold team had no solid plan provided on how they were going to accomplish any of their goals, no information on the development team, and a website that was pretty much blank.
While there are a lot of skeptics of this project that are just calling it a "cash grab", the Bitcoin Gold team finally put out a press release a day or so before also updating their website with some actual information. The press release is fairly lengthy, and they basically attempt to refute the negative claims that people have been circulating. You can download and read the entire PDF version of the press release here:.
Maybe a document like this has helped to quel those that were quite missinformed, but it still does not provide a complete roadmap for their project nor does it provide the type of technical information that other developers think wallets, exchanges, etc a way to deal with Bitcoin Gold on their applications.
They now list a little about the intended features, a comparison to Bitcoin and others, a few photos of their team, a very basic FAQ although it does talk about the mining aspect , and a short list of those that fully support the project, most of which are mining-centric.
From my perspective, the support for this project is lacking.