Hardfork BTG: is it worth investing in a new cryptocurrency?

zzam26

Another bitcoin hardfork took place, resulting in the emergence of a new cryptocurrency, Bitcoin Gold. Investors and exchanges have already reacted to the potential problems of BTG, in addition, a correction of the BTC rate itself occurred. The original bitcoin rate will be maintained before Segwit2x in November, there will be prospects for BTG, and which cryptocurrency is more attractive, read our overview. 24 hours of life of Bitcoin Gold The designation of hardfork on October 25 as a new cryptocurrency Bitcoin Gold occurred a little earlier, on October 24, but to become a creditor of new cryptocurrencies, in the full sense of the word, is not yet possible. The Bitcoin Gold (BTG) direct network will begin operating from November 1, and at the moment there is no clear certainty regarding which electronic and exchange systems this network will use.

Theoretically, this information should be on the Bitcoin Gold site, but the first 5 hours after the network was launched the site did not work (according to the official version due to a DDoS attack). What are the advantages of the new cryptocurrency Peru Mobile Number List  and whether it is worth investing in it, read more. Bitcoin Gold: Attractive cryptocurrency for investors On the eve of the hardfork on Tuesday, leading bitcoin (BTC) fell 5% on the day, while its competitors such as Ether and Bitcoin Cash (BCH) rose 7.22% and 5.36%, respectively. According to one of the versions, the reason for the pullback was the correction after the recent historic growth amid rumors from China about the weakening of tough policy regarding cryptocurrencies and ICOs.



But there is another version: investors still do not see optimism in the second split of the main bitcoin after August (I remember that after the fork on August 1, the BCH cryptocurrency appeared), because on the eve of the fork they preferred to transfer money to other instruments . Initially, the BTG project was conceived by its developers as a decentralized version of bitcoin with the elimination of BTC problems. Main objectives of the project: Make changes to mining work in order to simplify transactions and mining itself. Attract private users to mining and thus eliminate the monopoly of large companies. It was intended that the use of the Equihash algorithm should make mining simpler. According to Jack Liao, project director, before Bitcoin Gold was tasked with reducing the mining impact of large corporate farms and allowing private individuals to earn from mining. However, investors saw this as a commercial connotation.