Bitcoin Gold

Bitcoin Gold (BTG) plans to hard fork the cryptocurrency on October 25, creating another version of bitcoin in the process. The project was first made public back in July and was created by Jack Liao, founder of Lightning ASIC, a mining firm from Hong Kong. The fork will include the adoption of a new protocol that will change some of the consensus mechanisms relating to bitcoin. The result is that miners would be able to go about mining for tokens in new ways.

BTG will make use of the Equihash algorithm that Zcash uses, rather than Bitcoin’s SHA256 algorithm.

Anyone who holds Bitcoin on October 25th will receive Bitcoin Gold at a 1:1 ratio in Bitcoin Gold supported wallets.