Join our first podcast on 25th of October – we will talk about bitcoin gold hard fork and give a lot of inside information from bitcoin gold team. Bitcoin is going for a hard fork the 2nd time. Bitcoin Gold is the name of new fork and will be headed by Jack Liao, aka asiabtc, CEO of LightingASICS, which will happen on the 25th of October. Bitcoin Gold is extended by Lighting Network, which scales to route nearly limitless payments per second. This is an example of a "second layer" solution living atop the main blockchain. Second layers and side chains enable technologies like smart contracts which can run at blazing speeds, secured by the underlying BTG mainchain. Bitcoin’s journey this year has been a bittersweet one. After a somewhat shaky start at the beginning of the year, the digital coin looks set.
Bitcoin gold what to expectI bought $ in bitcoin. Here's what I learned
The change should occur through the transition from the usual Bitcoin Gold mining algorithms to mining coins through high-speed graphics processors. The main algorithm was replaced by Equihash.
Farm owners could choose the size of the block, set specific mining goals and earn coins to store them in Bitcoin Gold wallet.
The main goal of Bitcoin Gold is to provide the miners with the opportunity to mine electronic currency using a graphics processor instead of ASICs. This method has certain advantages, including:. This algorithm allows all users with ordinary personal computers Windows 7 and newer, with 4Gb RAM min.
For this reason, various services confuse Bitcoin Gold with Bitcoin, and as a result, prohibit certain operations. As for BTG value, the cryptocurrency is mostly interesting for miners. As we see on the chart, Bitcoin Gold price did not recover to the previous glorious levels. What do traders and crypto enthusiasts think about trading opportunities of Bitcoin Gold? Check the technical analysis from TradingView: it reflects the opinion of users:. Bitcoin Gold promises to "decentralize mining" by changing PoW.
Please remind me, how many companies produce competitive GPU chips? On the forum of bitcoingold. Users came to the conclusion that Bitcoin Gold needs rebranding, and the fall of its price also matters. Anyway, the miners and crypto community acknowledges the benefits of BTG, and the coin is being gradually introduced on crypto exchanges.
It goes without mentioning a growing volume of transactions, which proves a higher rate of adoption:. Big names in Wall Street such as Paul Tudor Jones , Bill Miller, and Stanley Druckenmiller have all bought a significant amount of bitcoin this year, as well as endorsing them in the process. Bitcoin looks to have bagged mainstream acceptance as affluent investors who once ridiculed the digital coin are now backing down from their words.
Visa Inc. Bitcoin has also suddenly become a shield against legitimate inflation for investors and now many more are gearing up and ready to join the bitcoin bandwagon. The current bitcoin bullish run is expected to continue in the coming months and the market could see an unprecedented involvement of multimillion investors.
The views expressed in the article are wholly those of the author and do not represent those of, nor should they be attributed to, ZyCrypto. This article is not meant to give financial advice. Source: Shutterstock. The economy — both globally and here in the U. Oil futures went negative at one point, while Treasuries swooned, and gold and bitcoin prices tanked. Now though, the precious metals — including palladium and silver — are jumping.
Bitcoin apparently got the memo and joined the parade. That said, the rebound has been impressive. Earlier this month, I was looking for a breakout in bitcoin. The cryptocurrency also reclaimed its day and day moving averages. The former had been resistance and remains psychologically relevant, while the latter comes into play near the high. If that fails as support, the setup loses virtually all momentum.
Above this mark puts the Just above is the current week high from Aug.