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Bitcoin gold development team advertises security update before coin release

The bitcoin gold developers announced that it is adding support for protecting two-way replay before the expected launch of the network.

01.Nov.17 1:21 PM
By Daria Zaytseva


Bitcoin gold development team advertises security update before coin release

Bitcoin gold is a fork of the bitcoin network, created with the goal of limiting the use of specialized microcircuits for bitcoin mining extraction by changing the code. The efforts are being made by the open source community of unknown developers, as well as LightningASIC, a seller of mining hardware based in Hong Kong.

In addition, the replay protection is designed to prevent users from sending both bitcoin gold and bitcoin when making a transaction that must occur in only one chain-a necessity owing to the shared code between the two networks. Without the measure, a user can inadvertently send their coins to another address, losing control over them in the process.

The announcement of protection against replay occurs before bitcoin gold is available to users. At present, the network is technically private, accessible only to the development team, who updates the code and mining blocks as they arrive. In the absence of actual coins, exchanges such as Bitfinex have begun trading futures linked to the cryptocurrency, which are currently trading between $140 and $170.

A new blog post also showed that a public test network will be launched today.

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