First Cash, now Gold: bitcoin again can split up

28 September 2017, 01:25 | Technologies
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Bitcoin Gold may be formed on October 25 in the same scenario as Bitcoin Cash - a block that broke away from bitcoin this summer as a result of the hard-core. The idea of ??the project is to launch an improved protocol that will challenge including the Bitcoin Cash fork. It is expected that the new crypto currency will be available on the exchanges from November 1.

Rumors about the probability of this important event are only beginning to spread among the crypto community. It is likely that in the case of another hardrock, the Bitcoin Gold network will be even smaller than the Bitcoin Cash network - at least a new split does not support as many miners as last time.

In spite of this, the protocol change carries a goal that can attract many in the community: the creation of a truly decentralized bitcoin. First of all, the developers hope to provide the opportunity for mining more participants.

They plan to change the algorithm for mining bitcoins, allowing them to extract crypto currency using video cards. This would reduce the impact of large-scale miners on the network.

At the same time, even the leaders and supporters of the project recognize that many details of the possible hard-core have not been worked out yet. Lead developer Bitcoin Gold under the pseudonym "h4x" said that the project is "still developing", and details, including the exact size of the block, are still being discussed.




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