Bitcoin Gold fully launched

With a little delay, but on 12th of November, Bitcoin Gold network is fully launched
13 November 2017   786

On Sunday, November 12, a bit later the planned time, the main Bitcoin Gold network was launched.

Bitcoin Gold is now Live, having survived a massive and concerted attack from its first moment of existence. Big events attract big attenion, but it’s sometimes the unwanted kind! A massive attack was made in an apparent effort to disrupt the mainnet launch, but the Bitcoin Gold team managed to get the network up and running… albeit a little later than planned.
 

Bitcoin Gold Team

According to representatives of Bitcoin Gold, the project is aimed at creating a truly "decentralized bitcoin". It is claimed that by using the Equihash algorithm, which makes it easier to extract bitcoins with graphics cards, the mining will be available to a larger number of participants, and the influence of large companies will be reduced accordingly.

Initially in the Bitcoin Gold road map it was indicated that the project intends to launch the main network and provide the opportunity for the new cryptocurrency to be mined on November 1, but later the terms were moved.

 

664k BTG Split & Moved For a First Time

This event can have huge impact on the Bitcoin Gold price
22 February 2018   330

On February 20, an unknown user released 664,000 BTG coins that had been lying motionless since the launch of the Bitcoin Gold network last fall. This could lead to the largest one-stage increase in the BTG market for the whole short history of the existence of the "new digital gold". This is reported by CCN.

Bitcoin Gold crypto currency was formed as a result of the harsh press, held on October 24 last year. The network wasn't launched immediately, but several weeks after the completion of the premiere.

The holders of bitcoin have the opportunity to obtain an equivalent number of BTG coins. Many hastened to take the necessary action to obtain new coins in the first weeks. However, in all likelihood, not all holders of large amounts in the crypto currency have done this.

Below is a graph that illustrates the dynamics of obtaining BTG coins by bitcoin holders (forks. network):

Amount of coins moved on each side
Amount of coins moved on each side

One of the engineers of the Blockchain, who created the forks.network, connects this transaction to the bitcoin-service Xapo. In his opinion, the action was committed on the initiative of one of the institutional clients of the popular service.

It remains a mystery why this unknown cryptoinvestor did not extract the BTG coins before and did not sell them when the Bitcoin Gold market rate reached a mark above $ 400. Currently, the weighted average rate of BTG is around $ 125.

Bitcoin Gold crypto currency can not now be called a highly liquid altcoyin. According to the volume of market capitalization, the coin is on the 20th place of the Coinmarketcap rating, and the daily trading volume of BTG hardly exceeds $ 40 million.

The current value of the above 664,000 coins is $ 82.7 million. Thus, the sudden release of Bitcoin Gold coins to the market is unlikely to have a positive effect on the course of this relatively young crypto currency.