Bitcoin Gold is a community-led project to create an experimental hard fork of Bitcoin to a new proof-of-work algorithm (SHA256).
Bitcoin Gold is a community-led project to create an experimental hard fork of Bitcoin to a new proof-of-work algorithm (SHA256).
Bitcoin Gold will provide an opportunity for countless new people around the world to participate in the mining process with widely-available consumer hardware that is manufactured and distributed by reputable mainstream corporations.
A more decentralized, democratic mining infrastructure is more resilient and more in line with Satoshi’s original vision. Perhaps, if the Bitcoin Gold experiment is judged by the community to be a success, it may one day help build consensus for a proof-of-work hard fork on Bitcoin itself.
HOW TO CLAIM BITCOIN GOLD?
To claim your free Bitcoin Gold you simply have to hold Bitcoin at the time of the fork. If you hold BTC at that time, you will automatically receive an equal amount of BTG at the same address (new and old address format are convertible), spendable with the same private keys, when the Bitcoin Gold network launches in November. It is also very important to make a backup of your private key and/or keep the mnemonic phrase required to recover your wallet.
However, if you have your BTC on an exchange or custodial service without access to the private key, then you have to make sure that the service will support Bitcoin Gold after the fork. If you have any doubts about that, then you would be advised to transfer your BTC to one of the many reputable services that will support it.
PURPOSE OF OUR FORK
Since the Bitcoin Gold project was announced, it has grown rapidly, attracting developers, miners, and supporters from across the globe.
IS IT SAFE?
Sad that this question still needs to be asked in the Bitcoin and crypto space, but we get it! At Bitcoin Gold, security is our highest priority when it comes to safeguarding your Bitcion and other cryptocurrencies. Your funds are protected by our Secure Asset Fund for Users (SAFU Funds) which means we have your back.
REPLAY PROTECTION
Bitcoin Gold will implement a solution called SIGHASH_FORK_ID replay protection. It is an effective two-way replay protection mechanism that enforces a new algorithm to calculate the hash of a transaction so that all the new Bitcoin transactions will be invalid in Bitcoin Gold blockchain and vice versa. Bitcoin Gold will implement replay protection BEFORE THE LAUNCH.
HARDWARE WALLETS SUPPORT
Secure your Bitcoin Gold assets with the most trusted hardware wallet. Cold storage wallets are typically encrypted devices that store users' Bitcoin Gold assets offline, providing a layer of security against the evolving threats emerging from being connected to the Internet.
A hardware wallet is a special type of bitcoin wallet which stores the user's private keys in a secure hardware device.
To hold your BTG you can use hardware wallets.
SOFTWARE WALLETS SUPPORT
Your private keys are encrypted on your device and never leave it. Only you have access to your funds.
Most software wallets are build on top of common open source libraries.