Bitcoin Gold launch date unveiled

The Bitcoin Gold will be fully launched on 12th of November 2017, 19:00 UTC
10 November 2017   1312

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.

Bitcoin Gold Hardfork to be Implemented

Modified Equihash-BTG algorithm was launched on block 536200
05 July 2018   812

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.