Waves doesn't support Bitcoin Gold

Waves notes that the team behind Bitcoin Gold is not transparent enough
25 October 2017   1746

Waves has officially stated that it does not support the Bitcoin Gold hardfork.

At the same time, the project team intends to closely monitor the development of the new crypto-currency.

Waves is a community-driven platform, and as the core team, we can’t decide alone if we should support the new Bitcoin currency or not. At the same time, we must think both about our users’ safety and profits, if this coin does indeed survive and show excellent financial results. 
Therefore, we will continue to monitor the state of the Bitcoin Gold codebase, network, and the announcements of the key market players while preparing everything necessary to jumpstart support of Bitcoin Gold on the Waves platform.

Waves official statement

At the same time, platform developers noted that among the key players there is no consensus on Bitcoin Gold support, and the team behind BTG is "not transparent enough to be able to talk about their support."

The Waves team promised to take a "snapshot" of Waves's bitcoin balances at the time of creation of the 491407 block, and in case the fork proves to be viable and will be supported by the leading market players, credit BTG to BTC holders, that use Waves.

Bitcoin Gold Hardfork to be Implemented

Modified Equihash-BTG algorithm was launched on block 536200
05 July 2018   1123

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.