Bitcoin Gold (BTG), a hard fork of the Bitcoin blockchain, was activated some hours ago after block 491 407 was reached.
At the predetermined block height, Bitcoin Gold miners can now begin creating blocks with a new proof-of-work algorithm, and this will cause a bifurcation of the Bitcoin blockchain. The original Bitcoin blockchain will continue on unaltered, but a new branch of the blockchain will split off from the original chain. The new branch is a distinct blockchain with the same transaction history as Bitcoin up until the fork, but then diverges from it.
The purpose of Bitcoin Gold is to make Bitcoin mining decentralized again. Satoshi Nakamoto’s idealistic vision of “one CPU one vote” has been superseded by a reality where the manufacture and distribution of mining equipment has become dominated by a very small number of entities, some of which have engaged in abusive practices against individual miners and the Bitcoin network as a whole.
https://www.coinspeaker.com/2017/10/24/bitcoins-new-hard-fork-named-bitcoin-gold-already-active/
Topic: [2017-10-24]Bitcoin’s New Hard Fork Named Bitcoin Gold is Already Active (Read 1723 times)
October 24, 2017, 03:31:30 AM
Jump to: