First Bitcoin Gold Wallet released

Freewallet, a developer of more than 20 cryptowallet applications supporting a number of coins and tokens launched Bitcoin Gold Wallet
17 November 2017   1671

Freewallet was one of the first wallet developers which announced support for Bitcoin Gold, a new coin that forked from Bitcoin at block 491407 on October 24.

The users of Freewallet who had BTC on their accounts at the moment of the fork and the chain split were credited with the equivalent numbers of BTG as well.

As the interest of the community to the new coin was growing, Freewallet decided to respond to the needs of members of the community by releasing a full-scale Bitcoin Gold Wallet. That was announced in the official twitter account of FreeWallet on November 17.

The newly released wallet allows to store and transfer BTG as well as to exchange it to and from other coins in the app with just a couple of taps. The Bitcoin Gold Wallet for Android is already present on Google Play and the version for iOS has been submitted to AppStore for review and is expected to be available within next week.

On November 14 TREZOR Wallet announced support for Bitcoin Gold stating that the reason for it is that Bitcoin Gold has eventually released their source code.

Bitcoin Gold Hardfork to be Implemented

Modified Equihash-BTG algorithm was launched on block 536200
05 July 2018   1110

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.