Bitcoin Gold is a distributed digital currency. It is a hard fork of Bitcointhe open source cryptocurrency. The stated purpose of the hard fork is to restore the mining functionality with common Graphics Processing Units GPUin place of mining with specialized ASIC customized chipsetsused to mine Bitcoin. A central part of the bitcoin process, mining, is being controlled by a few manufacturers who sell their products to a select group of industrialized miners, centralizing the mining task and breaking with one of the core values of bitcoin - decentralization [2].
ASIC resistant GPU powered mining provides a solution, as this kind of hardware is ubiquitous, and anyone current value bitcoin gold start mining with a standard, off-the-shelf laptop computer. Bitcoin Gold was hit by double-spending attack on May 18th, The hard fork occurred on October 24th,at block height The team did this via a rapid mining of approximately 8, blocks at However, of the K coins, some five percent were set aside as a bonus for the team, or about coins for each of the six members.
Bitcoin gold uses the memory hard equihash as proof-of-work algorithm instead of the sha From Wikipedia, the free encyclopedia. This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources.
Current value bitcoin gold material may be challenged and removed. December Learn how and when to remove this template message. This article may be too technical for most readers to understand.
Please help improve it to make it understandable to non-expertswithout removing the technical details. January Learn how and when to remove this template message. Bitcoin Gold Double Spend Attack. Proof-of-authority Proof-of-space Proof-of-stake Proof-of-work.
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