To Innovation - Breaking Politics, Economics, Crypto & IT News

learn more
Reporting from Watford, UK and LA, US since 1996
learn more




TOP STORIES
Starbucks is not accepting Bitcoin, but builds an exchange

It will generally allow the crushed and boiled crypto investments to be converted to the crushed an...



Bitcoin Gold will be launched on the Sunday’s evening



In this weekend bitcoin gold is set to go live.



12.Nov.17 12:09 PM
By Daria Zaytseva
Photo Toinnov.com

   124

Bitcoin Gold will be launched on the Sunday’s evening

In a new blog post, the developers behind the bitcoin’s blockchain fork said they would release an official software client for download at 7:00 pm UTC on November 12.

Initially established for a public launch on November 1, the project is supported by LightningASIC, a seller of mining hardware from Hong Kong, and a community of unknown developers.

The idea of ​​bitcoin gold is to preserve most of the protocol properties, but to limit the use of specialized chips for mining, or the process through which new transactions are added to a blockchain (while creating new tokens as a reward).

It is also the last example of a "hacked" cryptocurrency, which will distribute new coins for all who owned bitcoin during the split, or until the date when the the ledger of transactions began to differ.

Nevertheless, in the criticism of some observers, the team behind bitcoin gold has been mining blocks in insolation, since the new network was officially created last month, with a certain number of coins allocated to support development.

In the coming days, exchanges, no doubt, will be watching the launch. Soon after its release in August, bitcoin cash, another cryptocurrency, which forked the network of bitcoin, raised about $4 billion of market value.

Exchanges and traders will no doubt be watching to see if history repeats.




Back to the list


Related Information: