The hard fork of the crypto currency Bitcoin was called as Bitcoin Gold when it was forked out of Bitcoin recently in November of 2017. It was done on the block number 491407. The forking was deliberately done to make space for manufacturing an ASIC-proof Bitcoin. These are the features of the Bitcoin Gold:
Bitcoin Gold has a delegated formation. It has done so accepting a PoW based algorithm. This PoW based algorithm works over the principal of Equihash which depletes the chances of providing un-equal opportunities to people who deploy ASIC machines to run. This way people with lesser resources get a balanced opportunity to mine with ordinary GPUs.
The hard forking of Bitcoin’s blockchain has caused the distribution to become efficient and fair so that the dispersal of a novel digitalized resource in a moment’s span to people of all the world who take keen notice of crypto digital coins. There exist other methods too, for e.g. making coins via a newer origin chunk, or accumulating possession for little groups of miners.
For the safety of the ecosystem of Bitcoin; this Bitcoin Gold has executed complete reply security via an unambiguous address of wallets which are the vital features for user protection from various malicious activities and privacy breeching.
The Bitcoin Gold has become a free and open sourced computing project which is made by self-serving programmers and is reinforced by the quickly incrementing team of Bitcoin aficionados which lie all over the world!
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