Bitcoin Gold to Adopt Lightning Network

Bitcoin Gold team reported that it is working on finalizing the necessary integrations to fully implement Lightning Network on BTG in second quarter of 2018
21 February 2018   5914

Bitcoin Gold decentralizes mining by adopting a PoW algorithm, Equihash, which cannot be run faster on the specialty equipment used for Bitcoin mining (ASIC miners). Bitcoin Gold has full replay protection and unique wallet addresses, essential features that protect users and their coins from several kinds of accidents and malicious threats.

Bitcoin Gold team reported that it is working on finalizing the necessary integrations to fully implement Lightning Network on BTG in second quarter of 2018. Lightning Network is a groundbreaking way to enable near-instant payments with even lower fees through dedicated side channels. Because they are off the main chain, Lightning Network saves space in the blocks, but it allows huge numbers of fast transactions between large entities at very low cost.

Bitcoin Gold RoadmapBitcoin Gold Future Development

Moreover, plans of Bitcoin Gold for 2018 include SPV wallet Electrum release, Bech32 addresses, and libraries for wallet developers: BitCore, BitcoinJ, BitcoinJ5.

At the moment of press, these are main market parameters of Bitcoin Gold:

Average price: $130,98
Market cap: $2 205 418 134
24h volume: $40 758 600

OKEx to Delist Bitcoin Gold Futures

As the reason for this decision, it is called the “insufficient liquidity” of this financial instrument 
21 January 2019   542

OKEx reported on the imminent delisting of all Bitcoin Gold (BTG) futures contracts, including weekly, two-week and quarterly contracts. As the reason for this decision, the exchange refers to the “insufficient liquidity” of the financial instrument.

All BTG futures contracts will be calculated on 9am, Jan 25, 2019 (CET, UTC+1) in accordance with the price fixed in the BTG / USD index on OKEx an hour before.

In addition, on January 30, all data on BTG futures trading will be deleted, and therefore the exchange recommends that users who may need this data download them in advance.

Bitcoin Gold separated from the main bitcoin blockchain in November 2017. Last May, the cryptocurrency network was attacked by 51%, during which 388,000 BTG (about $ 18 million) were stolen from several exchanges. Currently, Bitcoin Gold is the 27th largest cryptocurrency with a capitalization of $ 195 million.