Daily Archives: October 3, 2017

Bitcoin Gold (BTG), Fork, News

Another Fork? Bitcoin Gold Project Plans to Fork Bitcoin

After the hard fork on August 1 that produced Bitcoin Cash, many bitcoiners have been waiting for the possibility of a fork taking place this November with the Segwit2x plan. However, a lot of bitcoin proponents don’t know about another fork called “Bitcoin Gold” (BTG) that’s scheduled to take place on October 25th.

Gold bullion (Image: Stevebidmead/Pixabay)
Gold bullion (Image: Stevebidmead/Pixabay)

Yes, you read that correctly bitcoin enthusiasts might see another hard fork this October that produces another token called Bitcoin Gold. The project first announced on Bitcointalk.org in July was created by Jack Liao, the founder of Lightning ASIC a mining firm based out of Hong Kong and an anonymous developer named “h4x3.” The forked protocol aims to change bitcoin’s consensus algorithm allowing users to mine the currency with graphic processing units (GPU) among other changes. According to the development team, Bitcoin Gold will use the Equihash algorithm used by the altcoin Zcash rather than bitcoin’s original SHA256.

Read more: News.Bitcoin

Bitcoin (BTC), News

Bitcoin could be heading to $6,000 by year-end

  • Bitcoin could hit $6,000 by year-end, experts said
  • But investors should brace for more volatility as another “fork” could take place
  • Bitcoin rose more than 74 percent in the third quarter

Bitcoin could rally nearly 40 percent to hit $6,000 before the end of the year but investors should brace for more volatility, according to industry experts.

Bitcoin price chart (Image: geralt/Pixabay)
Bitcoin price chart (Image: geralt/Pixabay)

The cryptocurrency was trading around $4,333 on Tuesday.

The third quarter has been one of the most eventful in bitcoin’s history. It is up over 74 percent in the September quarter, with a shifting landscape in regulation and developments in the underlying technology taking place in the last three months.

Read more: CNBC