Bitcoin Gold fully launched

With a little delay, but on 12th of November, Bitcoin Gold network is fully launched
13 November 2017   1314

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.

 

Bitcoin Gold Hardfork to be Implemented

Modified Equihash-BTG algorithm was launched on block 536200
05 July 2018   642

On block 536200 Bitcoin Gold network was transferred to the modified Equihash-BTG algorithm, not supported by classic ASIC-miners. This is the developers of crypto-currencies reported in the official blog.

Thus, the project promotes one of its main ideas, which consists in avoiding ASIC-mining.

According to the developers, the new algorithm includes personalization, which makes it difficult to redirect the power of mining through the markets of hashing capacities, which guarantees greater network security.

Also in the course of the hack, an improved difficulty adjustment algorithm (LWMA) was added, which will allow BTG to work faster, providing a more stable flow of blocks.

We thank them all for their hard work in recent days getting ready for this upgrade… and for dealing graciously with the few snags and hurdles that will inevitably come after an important Upgrade like this.

We know that this milestone isn’t an endpoint… it’s just a waypoint we pass along the way to better things. First, we’ll make sure everything continues to function as expected, and we’ll help the inevitable stragglers get on board with the new code… and then we have a whole bunch of new things we’re looking forward to sharing with the Community!
 

The Bitcoin Gold Organization

In early June, the Bitcoin Gold team said that updating the network will make the cryptocurrency less vulnerable to various hacker attacks. In May, an unknown miner, through a "51% attack" on the BTG network, stole about 388,000 coins from the exchanges.