Bitcoin Gold BTG
Crypto Battle for Bitcoin Decentralization
Bitcoin Gold is a hard fork of Bitcoin that did the split on October 24th, 2017 at block 491407. The main reason behind the split was a difference of opinions on the use of ASICs (Application-specific integrated circuit) – powerful specific devices that are made for mining purposes only. The farms of ASICs shift the mining powers, concentrating them in a few hands thus undermining the principle of decentralization.
Restoring the Parity with Gold
In order to restore the waning influence of GPU miners, Bitcoin Gold fork provides the improved PoW (proof-of-work) algorithm that is ASIC resistant. Having completed this change, the Bitcoin Gold developers declared that they want to bring back the decentralization idea of original Bitcoin, providing the fair distribution of new coins among the hard-working miners.
Bitcoin Gold Technical Details
Bitcoin Gold coin has a ticker symbol BTG; it has the same maximum amount cap of 21 million and minimum unit division as Bitcoin.