Bitcoin Gold to upgrade its MainNet

A hard fork of live MainNet of Bitcoin Gold is scheduled on July 1 as the network is expected to reach block 536200
26 June 2018   1111

Bitcoin Gold network upgrade is scheduled for block height 536200 that is expected to take place on July 1. As the software upgrades for full nodes and miners are mandatory, the event is considered to be a Hard Fork. At the same time, there will be no new coin created. The fork features:

  • new PoW algorithm Equihash-BTG (to prevent current ASICs from mining);

  • DAA, or Difficulty Adjustment Algorithm improvements (address hashrate swings)

Coin supply or coin creation rate are untouched. Exchanges, Wallet Providers, Pool Operators, and Miners can find important details here.

At the moment of publication, Bitcoin Gold (BTG) market characteristics are as follows:

Average price 25.37 USD
Market cap 433,503,939 USD
Volume (24H) 9,330,860 USD

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   538

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.