Bitfinex assignes Bitcoin Gold to users

Bitfinex crypto exchange assigned Bitcoin Gold (BTG) to users with a BTC balance
25 October 2017   1998

Bitfinex cryptocurrency exchange has distributed Bitcoin Gold (BTG, Bgold) tokens among the users at the time block 491406 was mined (10/24; 01:17:35 UTC).

Earlier, it has been reported that Bitfinex, one of the leading cryptocurrency exchanges, added Segwit2x Chain Split Tokens: BT1 (Incumbent Bitcoin Blockchain) and BT2 (Bitcoin Segwit2x). 

However, the move caused some troubles among some of the customers.

Bitfinex assigns Bitcoin Gold (BTG) tokens
Bitfinex assigns Bitcoin Gold (BTG) tokens

At the time of writing, there's no particular information on the exchange's response (if there's any). 

Bitcoin Gold (BTG) price chart on coinmarketcap.com
Bitcoin Gold (BTG) price chart on coinmarketcap.com

Meanwhile, the price of the brand new cryptocurrency is going down and at the press time is about $153.51. At the same time, there's a minor correction of the original Bitcoin price, which makes it worth $5514.44.

Bitcoin Gold Hardfork to be Implemented

Modified Equihash-BTG algorithm was launched on block 536200
05 July 2018   1122

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.