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Bitcoin Gold

Bitcoin Gold

A cryptocurrency, a project creating a hard fork Bitcoin with new proof-of-work algorithm to make Bitcoin mining decentralized again.

Bitcoin Gold is a cryptocurrency. It is a community project creating a hard fork of Bitcoin with a new proof-of-work algorithm. It aims to make the Bitcoin mining decentralized again.

It changed the proof-of-work algorithm from the SHA-256 algorithm to Equihash. The difference between the two algorithms is that Equihash is more ASIC-resistant than SHA-256, meaning that mining Bitcoin Gold profitably does not require the purchase of specialized equipment. This enables a new class of individuals and businesses to participate in Bitcoin Gold mining.

Bitcoin Gold is a project headed by Jack Liao, CEO of LightingAsic and BitExchange. It was announced in July 2017. The fork was implemented in October 2017. It aims to compete with Ethereum, Bitcoin Cash and GPU coins.

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