Bitcoin Gold BTG
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Well well well, Bitcoin Gold is on it's way and it seems that a lot of popular exchanges are not supporting it In this blog I will be particularly talk about Bittrex not supporting it and the reasons why Bittrex is not supporting Bitcoin Gold.
Here is the official statement made by Bittrex on 22nd Oct, BTC held on orders will also be credited. At this time, the information and codebase presented by the Bitcoin Bittrex bitcoin gold trading team is not in a functional state and Bittrex will not bittrex bitcoin gold trading to opening a Bitcoin Gold trading market.
Bitcoin Gold intends to perform bittrex bitcoin gold trading wallet balance snapshot at Bitcoin blockbut the actual Bitcoin Gold network will launch publicly at a later undetermined date and time the only guidance is the statement "after the launch on Nov 1".
Bitcoin Gold codebase also contains a private premine of 8, blocksBTG. Please be aware that if a market does open there is a possibility of the developers selling their premined BTG on the open market. When considering adding tokens to Bittrex exchange we look at the risks involved. Bitcoin Gold does not satisfy our criteria for safety for our users.
Taking a snapshot of the Bittrex exchange Bitcoin wallet is also a large disruptive undertaking that requires over 24 hours of preparation Bitcoin deposits and withdrawals are also suspended during this time and should not be taken lightly. If any BTC deposits you had sent to Bittrex are not settled e. The wallet will remain closed until the on-exchange snapshot is complete. Trading will remain active bittrex bitcoin gold trading this time. Bittrex will make all reasonable attempts to credit our users BTG but until we have a fully supported wallet, we can neither guarantee tokens or consider creating a market.
We will continue to monitor the state of the codebase and network. We'd also like to encourage the BTG development team to reach out to us. Source - Bittrex bitcoin gold trading Link. Now how important is the replay protection well I had discussed about in earlier in my old blog where hackers can steal BTC by replay attack.
Adequate code for testing and auditing is not provided and everything has been done very poorly which can be seen in their repository.
Publicly known code developers: Here is the link to the code. My final thoughts are that this is a really good decision made by Bittrex to protect the traders, BTG is a Scam? Well I can't say anything about that but yes the premine code is really looks very fishy to me. But I bittrex bitcoin gold trading once everyone gets they coins, the price will plummet. Exchanges will be testing it bittrex bitcoin gold trading they list it on there exchange. It doesn't mean they will never support it, just not right now, not until they test it.
People are over looking the whole point of bitcoin gold, and that is fair mining distribution which we all know that bitcoin has a problem with. Yes that's right, us miners can gpu mine bitcoin gold creating a fair distribution throughout the world and not just in china!
Bitcoin gold does not have the interest of the bittrex bitcoin gold trading in mind, with that said security is obviously not their top concern. I wrote something similar to it as well, mastaz.
Does Bittrex is a standard for quality of altcoin? I am new in this ocean of exchanges. There is some big sharks in this business. I dunno which to choose. Could you give advice? I've bought some coins from EtherDelta. Do you have something to say about EtherDelta? Now Bittrex bitcoin gold trading like this exchange. But it has not big cryptos.
To some extent, bittrex is the second biggest trading crypto after poloniex. Bitcoin Gold Is Scammy? Bitcoin Gold [BTG] is a proposed digital asset. Bitcoin Gold does not currently have: Fully formed consensus code Implemented replay protection Adequate code for testing and auditing Publicly known code developers Bitcoin Gold codebase also contains a private premine of 8, blocksBTG.
Developer statement from Bitcoin Gold Slack: Now they have stated 4 reasons 1st. Adequate code for testing and auditing is not provided and everything has been done very poorly which can be seen in their repository 4th. Here is the link to the code My final thoughts are that this is a really good decision made by Bittrex to protect the traders, BTG is a Scam?
Authors get paid when people like you upvote their post. BTC Gold not a scam here need a bit time for trading platforms to check stability on it.
Fair assessment by bittrex, im kinda over the whole bitcoin forking
