TREZOR Wallet will support Bitcoin Gold

TREZOR, the orginal Bitcoin hardware wallet announced plans to add Bitcoin Gold to the list of currencies it supports 
14 November 2017   1428

Bitcoin hardware wallet TREZOR made an announcement on November 13 that it is going to add Bitcoin Gold to the list of coins that it already supports, stating that the reason for it is that Bitcoin Gold has released their source code.

TREZOR is currently working on developing BTG support, and the users will be able to split their Bitcoin Gold form Bitcoin once TREZOR claim tool is ready, taking into consideration that users stored their BTC on Trezor before block 491407.

At this moment the currencies which TREZOR supports are Bitcoin, Ethereum (and all ERC-20 tokens), Ethereum Classic, ZCash, Litecoin, Bitcoin Cash, Dash, Namecoin, Dogecoin, and Bitcoin Testnet.

Previously, TREZOR was in the list of companies which did not show support for Bitcoin Gold, which forked from Bitcoin on October 24. On October 23, Satoshi Labs, the makers of the hardware wallet TREZOR, made a statement about the upcoming Bitcoin Gold fork claiming that the company was not yet ready to support Bitcoin Gold. Nevertheless, now things changed.

At the present moment, Bitcoin Gold is gradually losing its positions, having fallen down by 23% within past 24 hours and being traded at the price of $205 with 24h volume of $41 million.

Bitcoin Gold Hardfork to be Implemented

Modified Equihash-BTG algorithm was launched on block 536200
05 July 2018   638

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.