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Bitcoin Blog a1

Saturday, May 11, 2019

Bitcoin Gold


I finally decided to deal with some of my  Bitcoin Gold (BTG).
On a few of my exchanges/faucets I have been given some BTG due to the fork in late 2017. It is actually a bit complex. Here is a excerpt

When was Bitcoin Gold created?
Bitcoin Gold forked the Bitcoin blockchain as scheduled after block 491406 (2017-10-24 01:17:35 UTC).
The new Bitcoin Gold blockchain began actively growing at block 491407 (2017-11-12 at 13:34:01 UTC), about two weeks later.
During those two weeks, the community developed and tested the necessary changes to prevent accidental or malicious complications between Bitcoin and Bitcoin Gold (unique addressing and replay protection), as well as the changes necessary for Bitcoin Gold to run on a completely different network of miners (a change of algorithm to restrict ASIC mining and enable GPU mining).
Technically, Bitcoin Gold was created on 2017-10-24 but not usable until 2017-11-12.

Here is the website. But some of the advantages of it is it is Asic proof, “Replay protection”. Replay protection just helps ensure that transactions are sent on the correct blockchain. For example if you wanted to send classic bitcoin, replay protection ensures you don’t also send BTG in that same transaction. (more on it here). Overall, BTG doesn’t see that unique, lots of other coins are asic proof. The only reason it is noteworthy enough for me to write about is because I have some! I will also have to do a post of getting BCH from a software wallet, and possibly one on BTG.


And to do that, I need a new exchange, check them out here


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