If you donât have a hardware wallet, use software wallets like Mycelium, Jaxx, Coinomi, andÂ Exodus to control your private keys bitcoin today inr. At present, there is very little information available about the technical know-how of this fork becauseÂ their website is under development. Last time, during the Bitcoin Cash fork, these two hardware wallets were the first to support the forked coin. Then the only thing to do is enjoy and claim your free airdropped Bitcoin Gold coins. This is a community-driven hard fork without any consensus voting. Also, haywire information sources on theÂ Bitcointalk forum raise massive red flags about their future and their intentions. There is literally no information whatsoever on their GitHub orÂ official website. The Bitcoin Gold community defines BTG in the following fashion: Bitcoin Gold is a community-activated hard fork of Bitcoin to make mining decentralized again. This will make ASIC miners irrelevant for mining Bitcoin Gold because, with the implementation of Equihash, Bitcoin Gold will be mineable simplyÂ by using cheap GPUs. Note: Theoretically Bitcoin Gold Fork is already doneÂ around October 24, 6 am UTC at block heightÂ 491407 bitcoin today inr. Specifically, to combat the mining centralization problem, the BTG developers are implementing a different mining algorithm altogether that will be resistant to ASIC chips called Equihash.
As per theirÂ Twitter: How Do BTG Supporters Want To Change This Centralization Problem. And as the fork time approaches, I will keep updating this article will more information on Bitcoin Gold and which wallets/exchanges are actually supporting it. So to avoid replay attacks and access your free BTG coins, we suggest you take care of the following things: Avoid transactions for some days until the dust settles to avoid replay attacks. But the official date for the fork is mentioned as Â 2017-10-25 (25th October 2017) but better to follow the block height which isÂ block 491407. On the other hand, their development and way forward look depressing. Though, they say that they have replay protection in place, but we are not sure how effective it is as it has not been tested live. The Bitcoin Gold project is being driven by some developers, miners, and their headÂ Jack Liao, the CEO of theÂ Hong Kong-based mining equipment manufacturing company,Â LightningAsic. Also, I think they want to compete with other GPU minable cryptocurrencies like Zcash, Ethereum, and Monero. Regarding claiming your BTG through wallets we will publish further instructions shortly. I was really surprised to learn that they might have an ICO for these pre-mined blocks, but again, there is little clarity about it on their official website. Apart from these, there will be no changes like block size adjustment.
BTG Blockchain Launch Date:Â November 12, 2017 â 7:00 PM (19:00 UTC) The future of BTG isnât clear yet. So please be sure to keep your Bitcoin private keys secure in your own possession, as we donât want any Bitcoin holders to miss out. We donât hide that we are working hard to provide this solution â to make cryptocurrency that has the Bitcoin structure and that cannot be mined using ASIC machines.Ethos.. But if the fork happens, BTG will likely have some market value and will definitely steal away some hash power from GPU miners. And BTG will be following the suit of the original BTC core developers for the future betterment of their coin because they believe thatâs the secure way. After the BTG fork, you need not do much, but you need to be updated and agile about this subject. Last but not least, donât fall prey to fake websites/walletsÂ demanding your private keys to let you access your BTG. Â Some of you may think this is a good thing as your value will also double. Bitcoin Goldâs lead developer is someone anonymous by the name of h4x3rotab and he/she claims that: Bitcoin Gold is also a real blockchain to pilot Bitcoin upgrades. .PIVX.