Bitcoin Gold launch date unveiled

The Bitcoin Gold will be fully launched on 12th of November 2017, 19:00 UTC
10 November 2017   799

Bitcoin Gold developers had official announced the launch date of BTG. It will happen on 12th of November 2017, 19:00 UTC.

With the launch of the core network a link to download the full Bitcoin Gold node client will be given, BTG pools will start to work and users around the world will begin to mine blocks, and wallets and exchanges, as soon as they are ready, will be able to take deposits, withdraw funds and carry out trading.

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

Earlier, the developers of the project announced the addition of protection against replaying transactions, which will prevent duplication of transactions in the network of the original bitcoin. Also, the complexity recalculation algorithm was implemented, a unique address format was added, a public test network and a block browser were launched.

The planned Bitcoin Gold hardfork took place on October 24.

We are extremely grateful for the community around the world who have been contributing hash power to our testnets; besides patiently testing their own mining process, they allow exchanges, pools, wallet developers, and all other service operators to implement and test their support of BTG so that the Bitcoin Gold community can have a full suite of services at launch time. Thank you to all those who have donated their hash power to this effort! We’d also like to extend our gratitude to all those service providers who have been working so hard with us to prepare a fully functional ecosystem at launch. 
 

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.

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.