Bitcoin splits again, creating a new cryptocurrency called bitcoin gold that then plunged 66%

Bitcoin splits again creating a new cryptocurrency called bitcoin gold that then plunged 66%

  • The price of bitcoin took a hit after the cryptocurrency underwent another split, with the newly-created bitcoin gold seeing its value plunge over 60 percent.
  • Bitcoin hit a low of $5,374.60 on Wednesday before recovering nearly $300.

Bitcoin underwent another “hard fork” that resulted in the creation of bitcoin gold.
Continue reading “Bitcoin splits again, creating a new cryptocurrency called bitcoin gold that then plunged 66%”

Bitcoin splits again, creating a new cryptocurrency called bitcoin gold that then plunged 66%

  • The price of bitcoin took a hit after the cryptocurrency underwent another split, with the newly-created bitcoin gold seeing its value plunge over 60 percent.
  • Bitcoin hit a low of $5,374.60 on Wednesday before recovering nearly $300.

Bitcoin underwent another “hard fork” that resulted in the creation of bitcoin gold.
Continue reading “Bitcoin splits again, creating a new cryptocurrency called bitcoin gold that then plunged 66%”

A Second Bitcoin Fork Is Looming and Battle Lines Are Being Drawn

A second Bitcoin fork looms on the horizon

  • Within the next 12 hours, if all goes according to plan, techies and investors will be able to choose between Bitcoin (the original version), Bitcoin Cash, and the latest, soon-to-be-created iteration: Bitcoin Gold.
  • Read More: Yet Another Bitcoin Fork Aims to Take Power Away From Big Miners – – While Bitcoin Cash focused on increasing transaction throughput, Bitcoin Gold aims to tackle the problem of decentralization.
  • However, it won’t be until November 1, or even a bit later, that the code will be released to the public and the first block is mined on the new blockchain, the Bitcoin Gold developers told me in their official Slack channel.
  • Bitcoin Cash’s first block was mined hours after the fork, and it’s currently humming along at $315 USD per coin compared to Bitcoin’s nearly $6,000 value.
  • Despite all of the confusion, it still looks like the fork will be going ahead at block 491,407, at which point there will be three version of Bitcoin: Bitcoin, Bitcoin Cash, and Bitcoin Gold.

Bitcoin, Bitcoin Cash, and soon… Bitcoin Gold.
Continue reading “A Second Bitcoin Fork Is Looming and Battle Lines Are Being Drawn”

Don’t Panic: The Next Bitcoin Fork Does Not Deserve Your Hysteria

Dont Panic: The Next #bitcoin Fork Does Not Deserve Your Hysteria #Tech #stocks

  • Before we get into the details of the “Bitcoin gold” offshoot, let me first review what a Bitcoin fork is.
  • In short, hard forks are permanent changes to the blockchain architecture, and therefore they spark mainstream interest.
  • More than two months ago, the first fork occurred, creating “Bitcoin cash.”
  • Deemed a “friendly fork,” Bitcoin gold is scheduled for an Oct. 25 introduction.
  • Bitcoin gold integrates new programming that encourages mining the upcoming Bitcoin fork features complex algorithms that are very similar to Ethereum’s system.

After a dramatic and admittedly scary selloff, the Bitcoin price is now hovering just under the $4,800 level. Before we get into the details of the “Bitcoin gold” offshoot, let me first review what a Bitcoin fork is. At the core of every cryptocurrency is the blockchain, a “database where entries and
Continue reading “Don’t Panic: The Next Bitcoin Fork Does Not Deserve Your Hysteria”