Bitcoin Is the Market’s Favorite Buzzword Bloomberg s Jamie Dimon and hedge fund billionaire Ray Dalio rail against it. And it’s not just those two stocks. In June, Nvidia Corp. and Advanced Micro Devices Inc., which make hardware used in cryptocurrency mining, rallied as ether surged near $400 and …
Bitcoin Is the Market's Favorite Buzzword Bloomberg s Jamie Dimon and hedge fund billionaire Ray Dalio rail against it. And it's not just those two stocks. In June, Nvidia Corp. and Advanced Micro Devices Inc., which make hardware used in cryptocurrency mining, rallied as ether surged near $400 and ...
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. Also read: Japan’s […]
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.
Bitcoin Gold Plans to Fork Bitcoin and Change the Consensus Mechanism
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.
“Bitcoin Gold implements the UAHF (User Activated Hard Fork) proposal to accept GPU mining,” explains the website archive. “Miners can choose the size of the blocks they want to mine, with a default of 1 MB. It includes replay and wipeout protection.”
For too long, Bitcoin has been held back by the centralized mining industry. GPU brings Bitcoin into the modern age with an exciting technological roadmap to enable massive on-chain scaling well into the future with decentralization.
Most Bitcoin Proponents Unaware of this Project
Even though it was announced back in July the news of the Bitcoin Gold fork is just starting to come around people’s radar. Some believe the announcement and the project’s website is a “troll attempt” to create confusion and dilute the power of the Bitcoin Cash fork and Segwit2x. The Bitcoin Gold protocol has available code on Github for review and has multiple social media accounts for Twitter, Facebook, and a Slack channel. Currently, there are over 250 members in the Bitcoin Gold Slack channel, and many of the visitors seem excited about the new fork. Even though the user-activated hard fork will take place on October 25 the full network launch is scheduled for November 1.
Most people are unaware of the Bitcoin Gold project. However, it was announced back in July and Jimmy Song also mentioned the fork at the Breaking Bitcoin conference.
Evil ASIC Manufacturers
There is a lot of discussion happening on the team’s Slack channel and it seems the team has a lot of work to do if BTG developers hope to fork on October 25. For instance, at the moment there is no testnet for miners to test the protocol, reveals the BTG lead developer. “We are working on core protocol and will launch the testnet ASAP,” the BTG programmer reveals in a conversation on the team’s general chat Slack channel. “[Mining] profitability is determined by the price and mining difficulty, but the price is hard to predict,” he adds.
The Bitcoin Gold team shares this photo which shows the differences between each bitcoin on the team’s Slack channel.
The developer also throws out a few opinions throughout the general chat channel about mining centralization. “ASIC leads to centralization — Evil ASIC manufacturers want to take up Bitcoin,” the BTG developer emphasizes. News.Bitcoin.com briefly spoke with Bitcoin Gold’s lead developer who calls himself “H4x3” over the team’s Slack channel about the project. “I can confirm the PoW will be changed to Equihash and the fork date is October 25,” explains the developer. We sent some questions to Jack Liao and H4x3 because the lead developer told us our questions were “too sensitive” to answer alone. The BTG team has not yet responded to our emailed questions.
Bitcoin Gold’s lead developer H4x3 says if an ASIC is created to mine BTG the team will change the algorithm.
Possible Reasons for a Very Unorganized and Confusing Fork Proposal
Some speculators believe the Core development team might be behind Bitcoin Gold in response to Bitcoin Cash and Segwit2x. This photo of Adam Back talking about BTG was found in the team’s Slack channel.
It’s likely that many bitcoin proponents are viewing the project as a joke or another method of “crypto-trolling.” There’s a lot of good reasons people believe its a prank because the project seems extremely unorganized for a hard fork slated for the end of October. Further, there is speculation from community members about the team’s intentions to change the bitcoin algorithm to conform with GPU miners. Jack Liao manufactures GPU miners that can mine the Zcash algorithm Equihash and speculators believe this is the primary reason to clone bitcoin and make it GPU compatible.
News.Bitcoin.com will be following the development of this story closely and will update this article if the BTG team responds to our questions.
What do you think about the proposed Bitcoin Gold hard fork allegedly scheduled for October 25? Do you think this project is trolling or a joke? Let us know what you think in the comments below.
Images via Shutterstock, Twitter, and the Bitcoin Gold Slack channel.
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Electric vehicles are of great importance to our society these days. Not only are we seeing more developments in the world of electric cars, but there are also boats, trucks, and small aircraft going electric these days. EasyJet, one of the world’s most prominent companies in the aviation industry, is betting big on electric commercial aircraft. It’s a very interesting turn of events that will undoubtedly send shockwaves throughout the industry as a whole. EasyJet Wants Electric Planes to Become the new Norm When it comes to the development of electric aircraft, not too much progress has been made yet. While there are
Electric vehicles are of great importance to our society these days. Not only are we seeing more developments in the world of electric cars, but there are also boats, trucks, and small aircraft going electric these days. EasyJet, one of the world’s most prominent companies in the aviation industry, is betting big on electric commercial aircraft. It’s a very interesting turn of events that will undoubtedly send shockwaves throughout the industry as a whole.
EasyJet Wants Electric Planes to Become the new Norm
When it comes to the development of electric aircraft, not too much progress has been made yet. While there are plenty of entities active in this industry, one doesn’t create tangible results out of thin air in mere weeks or months. EasyJet acknowledges there is a major push taking place behind the scenes, and the company is more than willing to lend a hand in this regard, by the looks of things.
EasyJet recently unfolded a plan that shocked many people. While there is nothing wrong with being ambitious, the company hopes to achieve some milestones which may not necessarily be feasible. In the best-case scenario, it aims to fly passengers using electric aircraft on short-haul routes within the next 10 years or so. The company has acknowledged such efforts may require up to 20 years, though.
Moreover, EasyJet is backing plans for a new airplane prototype which is being developed by Wright Electric. The US-based firm has been successful in creating a two-seat battery-powered plane, but building commercial aircraft is something else entirely. Said aircraft is expected to have a range of 335 miles, although it remains to be seen whether that is even feasible given current technologies.
If such an electric aircraft were to be built, EasyJet could deploy it to fly from Amsterdam to London or Edinburgh to Brussels, for instance. It is not the first time we have heard of such ambitious plans by the company, as its original involvement dates back to March of this year. What is even more interesting is how the new electric airplane should be capable of carrying up to 220 passengers. These are extremely ambitious plans by EasyJet, although they may be feasible given enough time and research.
It is evident the aviation sector stands to gain a lot from electric technology in reducing their impact on our environment. While this option is mainly being explored in the automotive industry right now, there is no reason to think airplanes couldn’t benefit from this research in the future. One of the issues to be addressed is how companies will develop new energy storage solutions capable of preserving more energy than current batteries. It would be quite disastrous to run out of electricity mid-flight, after all.
For the time being, we will have to wait and see if Wright Electric can come through with its prototype. Going from a two-seater to a plane capable of carrying 220 passengers plus cargo is not an easy feat by any means. Nevertheless, it is an interesting industry to keep an eye on over the coming years, as a lot of progress can be made when people least expect it. EasyJet is taking a big risk by backing such efforts, but someone has to lead the pack.
CoinDeskBull Trap? Bitcoin Prices Struggle to Build Momentum Above Moving AverageCoinDeskDespite rising again above its 50-day moving average today, the bitcoin-US dollar (BTC/USD) exchange rate is having a hard time gaining altitude. At press time, th…
ClearPoll today announced they will be donating 2% of all ICO ETH contributions to The Ethereum Foundation. Their ICO is currently in presale stage, and their soft cap has almost been reached already. “We hope this sets a precedent to support the technology that makes ICO’s possible, so that it can continue to grow and improve.” commented Daniel Abela, ClearPoll Director. ClearPoll is an exciting new application of blockchain technology. A social public opinion polling system, using blockchain to secure votes and poll results. It is a project gaining momentum quickly, and has attracted interest from several leading fintech experts.
ClearPoll today announced they will be donating 2% of all ICO ETH contributions to The Ethereum Foundation.
Their ICO is currently in presale stage, and their soft cap has almost been reached already.
“We hope this sets a precedent to support the technology that makes ICO’s possible, so that it can continue to grow and improve.” commented Daniel Abela, ClearPoll Director.
ClearPoll is an exciting new application of blockchain technology. A social public opinion polling system, using blockchain to secure votes and poll results. It is a project gaining momentum quickly, and has attracted interest from several leading fintech experts.
Pre-ICO contributors are able to purchase POLL tokens with a 30% bonus. The tokens are likely to be in high demand once the full ClearPoll service is launched. They will be required for subscriptions to ClearPoll Plus, a subscription based service offering advanced metrics data. Tokens will also be required for purchasing advertising space within the ClearPoll app.
ClearPoll is a unique project, offering a social hub for users to browse for polls, vote securely and have their votes stored on the blockchain. The advantage of this is clear – no individual or corporation can tamper with or censor poll results. This results in a great understanding of public opinion on important issues such as political and human rights. But it’s not all serious – users can also vote on entertainment, sport and many other poll categories.
Daniel Abela said, “In recent times, we’ve noticed that public opinion is being misrepresented and even fabricated by much of the media. This is by design, to support various agendas or simply to create headlines. We’ve decided to do something about this problem, and the solution is clear. Decentralised voting and poll results will remove the ability for anyone to tamper with or hide real public opinion.”
There are several key features of ClearPoll that set it apart from other polling options:
Blockchain technology removes control from corporations or even the site owners. Not even the ClearPoll staff can censor or change the poll results.
A true social hub where users can vote, view and socially share results.
An easy to use app and desktop platform, ensuring anyone who has a device will be able to vote on their chosen topics without difficulty. No blockchain understanding is required.
ClearPoll is an Australian company, dedicated to providing innovative and intuitive apps. With an enthusiastic and highly capable team, they have the ability to turn big ideas into great products. The ClearPoll directors have previously designed and released mobile apps with over 10 million users worldwide.
The token sale is open to US residents, and the POLL tokens, which are ERC20 compliant, are selling fast.
If you’d like to support ClearPoll or participate in the token sale, please visit their website at https://www.clearpoll.io
This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.
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. Also read: Japan’s […]
Yes, you read that correctly bitcoin enthusiasts might see another hard fork this October that produces another token called 
Electric vehicles are of great importance to our society these days. Not only are we seeing more developments in the world of electric cars, but there are also boats, trucks, and small aircraft going electric these days. EasyJet, one of the world’s most prominent companies in the aviation industry, is betting big on electric commercial aircraft. It’s a very interesting turn of events that will undoubtedly send shockwaves throughout the industry as a whole. EasyJet Wants Electric Planes to Become the new Norm When it comes to the development of electric aircraft, not too much progress has been made yet. While there are
ClearPoll today announced they will be donating 2% of all ICO ETH contributions to The Ethereum Foundation. Their ICO is currently in presale stage, and their soft cap has almost been reached already. “We hope this sets a precedent to support the technology that makes ICO’s possible, so that it can continue to grow and improve.” commented Daniel Abela, ClearPoll Director. ClearPoll is an exciting new application of blockchain technology. A social public opinion polling system, using blockchain to secure votes and poll results. It is a project gaining momentum quickly, and has attracted interest from several leading fintech experts.