Bitcoin News

SECOND FORK OF BITCOIN WILL OCCUR IN OCTOBER

Bitcoin Gold, a new altcoin that will emerge from a bifurcation of the Bitcoin network, will be launched on October 25.

A little less than a month after its launch, the team has focused on informing the holders of cryptoactives that, when the fork occurs, the amount of bitcoins in the wallets will be doubled, just as happened with the fork of Bitcoin Cash. For this reason they invite the community to change all their altcoins to BTC, so as not to "stay out" of the operation.

In CriptoNoticias we consider important, in addition to informing our readers about this event, explain everything related to this new cryptonnet: where did it come from ?, why does it arise? What do they propose?

If we do a search in Google or in the forums of Reddit is little what we will find. In addition to social networks there is no more information on the web about this new asset. In the official accounts of Twitter and Facebook of the currency, the team only focuses on encouraging the community to change their assets to Bitcoin, but they do not talk about the computer development of their network.

They also specify, through a comparative table between three Bitcoin forks (Bitcoin Cash, Bitcoin with SegWit2x and themselves), which will operate with SegWit, but do not support SegWit2x; that the mining will be done with GPU, while the others require ASIC; which will offer protection against repeat transactions, unlike SegWit2x and will adjust the difficulty in each new block.

In their social networks also invite Slack group of the team, in which you can contact the different members involved in the project and ask any questions you may have about their development.

We requested an interview and were attended by a user who presented himself as a "volunteer member of the team", without specifying what role he or she held within it. Thanks to him we were able to know that this altcoin is driven by Jack Liao, CEO of the mining pool LightningAsic, located in the province of Canton, China, although it is a decentralized project of open source, reason why they do not have president or CEO, just collaborators.

LightningAsic, in addition to being involved in the mining of cryptones, is engaged in the sale of mining equipment, for Bitcoin and other altcoins, cold wallets, automatic teller machines and offers a ZCash mining service in the cloud.

When asked why they considered this branch to be necessary and what objection they make to the main network, the interviewee, who simply uses Roberto's name on the Slack network, replied that they had many different reasons, and that he would not specify any for indicate no order of priorities, but do not seek to compete against Bitcoin, who are considered a support. He also said that they are working on a more formal paper on economic issues to be published in a week or two. He offered to send us an advance of this document but at the time of writing it has not been received.