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What is Bitcoin Gold?
Bitcoin Gold is a fork of the Bitcoin blockchain that occurred on October 25, 2017.
The new branch is a distinct blockchain with the same transaction history as Bitcoin up until the fork, but then diverges from it. As a result of this process, a new cryptocurrency will be born.
The vision of Bitcoin Gold is to make Bitcoin mining decentralised again. By changing Bitcoin’s proof-of-work algorithm from SHA256 to Equihash, all of the specialised SHA256 mining equipment will be obsolete for mining the Bitcoin Gold blockchain. Thus, 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 decentralised, democratic mining infrastructure is more resilient and more in line with Satoshi’s original vision.
The new branch is a distinct blockchain with the same transaction history as Bitcoin up until the fork, but then diverges from it. As a result of this process, a new cryptocurrency will be born.
The vision of Bitcoin Gold is to make Bitcoin mining decentralised again. By changing Bitcoin’s proof-of-work algorithm from SHA256 to Equihash, all of the specialised SHA256 mining equipment will be obsolete for mining the Bitcoin Gold blockchain. Thus, 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 decentralised, democratic mining infrastructure is more resilient and more in line with Satoshi’s original vision.
How do I buy Bitcoin Gold?
1.
Deposit funds into your account.
2.
Enter the amount of Bitcoin Gold (or Australian Dollar equivalent) that you would like to buy.
3.
Click ‘Buy Now’ to confirm your Bitcoin Gold purchase and your Bitcoin Gold will arrive in your CoinSpot wallet within minutes.
Don't have an account? Click here.