First off all... this is my first post.
I will not start by introducing myself..
you will know me along the way.:)
What is Hard Fork In Blockchain ??
-'Hard Fork'
As it relates to blockchain technology, a hard fork (or sometimes hardfork) is a radical change to the protocol that makes previously invalid blocks/transactions valid (or vice-versa), and as such requires all nodes or users to upgrade to the latest version of the protocol software. Put differently, a hard fork is a permanent divergence from the previous version of the blockchain, and nodes running previous versions will no longer be accepted by the newest version. This essentially creates a fork in the blockchain, one path which follows the new, upgraded blockchain, and one path which continues along the old path. Generally, after a short period of time, those on the old chain will realize that their version of the blockchain is outdated or irrelevant and quickly upgrade to the latest version.
BREAKING DOWN 'Hard Fork'
A hard fork can be implemented to correct important security risks found in older versions of the software, to add new functionality, or to reverse transactions (as in the case with the hard fork to reverse the hack on the DAO (decentralized autonomous organization) in the Ethereum blockchain).
A hard fork involves splitting the path of a blockchain by invalidating transactions confirmed by nodes that have not been upgraded to the new version of the protocol software.
BTCGold Mining
BTCGold mining is the process by which new BTCGold Coin are generated. BTCGold coin can be mined with CPU/GPU and does not need an ASIC miner like Bitcoin does.
- Pool Mining BTCGold Coin
Once you are ready to mine BTCGold Coin then it is recommended to join a mining pool. A mining pool are a large group of users who ‘pool’ their recources together to solve the mathematical solution (finding a block) and the rewards are distributed proportional to work sent to the pool.
HOW MUCH WE NEED TO WAIT TILL WE CAN MINE
Bitcoin Gold (BTG)
The Bitcoin Gold (BTG) fork happened on block 491,407 and we are now monitoring the developments of the dev team. You can access their github here: https://github.com/BTCGPU The mainnet is not ready and exchange in BTG should not be possible before November 1st.
There is currently no wallet available and no blockchain explorer. Exodus does not plan to support BTG so you will have to export your private keys* manually to access your Bitcoin Gold.
An important thing to understand is the Bitcoin Gold fork is not the Segwit 2x fork of the Bitcoin Network (scheduled to go live sometime in November). Bitcoin Gold is a clone of the main Bitcoin blockchain that will result in a 1:1 split of your Bitcoin funds, so if you have 1 Bitcoin you will receive 1 Bitcoin Gold..
The goal of Bitcoin Gold is to make it possible for anyone with GPU graphics cards to mine Bitcoin Gold just using their home computer, which they believe will make mining more democratic. This is opposed to big companies that mine Bitcoin using computers called ASICs that costs thousands of dollars each, and because of the prohibitive costs of mining Bitcoin, this pools hashing power into a select group of companies.
The only problem with Bitcoin Gold is that it is still in active development, and its current state does not provide the necessary resources for Exodus to provide a seamless experience for our users. Therefore, we will not support Bitcoin Gold like we support Bitcoin Cash. We will be concentrating our efforts on the upcoming SegWit2X fork in November.
As long as you hold the private key for your BTC, you will be able to claim your Bitcoin Gold by exporting the private key and importing it into one of the supported Bitcoin Gold wallets listed on the official Bitcoin Gold Website
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Cheers :).