What's New BitcoinGold

in #miercolesanalitico • 8 years ago (edited)

Almost daily, Internet, social networks, the capital investment market, houses of the criptomonedas, and almost the whole world, with every new news that is generated on the changes that affect BitCoin, for good or for bad .
And it is that we are barely in the process of being able to digest and understand the first great division of BitCoin and hence the appearance of BitCoinCash, and we have latent two divisions more, being one more, as a real and recent fact.
In this sense, a few days ago the second division of Bitcoin occurred, to make its entrance through the big door, BitCoinGold, with many movements caused, a wide range of news generated, contradictory fluctuations in the market of the criptomonedas and farewell of ASICs to mine and thus leave the GPUs alone as a BTG mining team.
It should be remembered that ASICs are devices specially designed to mine Bitcoin and other criptomonedas with similar protocol, but the BitCoinGold will not be able to undermine this form, because its protocol will be based on a new algorithm PoW (Work Test).
With BitCoinGold, it is sought that the mining of criptomonedas is decentralized (China manufactures ASICs, centralizes and monopolizes a high percentage of mined blocks of BitCoin). But, for BitCoinGold you can only mine with GPUs, a method used globally almost evenly, by those who do Ether mining (Ethereum). In the same way, it changes the way of managing the mining difficulty (in BitCoin that difficulty is adjusted approximately every 2 weeks), but with BitCoinGold the difficulty will be adjusted after the production of each block.
On the other hand, with Bitcoin Gold a new feature "RP" is introduced, which means that after the split, BTC transactions are not duplicated with a BTG transaction. As if it happened with Bitcoin Cash. That is, if you have 1 BTC in your portfolio you will see 1 BTG in your portfolio, but if you spend a BTC to buy something, that does not imply that there will also be a BTG less in that portfolio.
Finally, I can only assure you that the Cryptomonedas revolution is just beginning, in fact a new division of BitCoin is announced for the birth of SegWit2X, which I will give more details next week.

#bitcoin #bitcoingold #venezuela #steemit
8 years ago in #miercolesanalitico by
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