The maker of the hardware wallet Trezor announced support for Bitcoin Gold in the near future, becoming one of the few large platforms that supported this alcotek. Although the addition to Trezor is good news for BTG, this again reminds us that other platforms are not yet taking initiatives in this direction.
The birth of Bitcoin Gold was not very noticeable against the backdrop of the unfolding drama between BTC and BCH. Despite the fact that futures for BTG soared over the weekend, by the time when the Bitcoin Gold network began its work on Sunday, the excitement has subsided and the price continues to fall.
BTG began its journey after branching from the Bitcoin network by copying block and all address balances as of block 491 407. Trezor's announcement that BTC owners will soon be able to get their BTGs is good news for the emerging crypto currency. However, if it plans to spread widely in the cryptosphere, this requires the support of as many platforms as possible.
Weak support and trading volumes
By now, BTG is represented on several major exchanges, including Bitfinex, HitBTC and YoBit, and in general, CRE is available in 18 trading floors. But most exchanges still trade in internal futures, given to customers according to the existing bitches at the moment of fork, and BTG's input and output are not yet included. It is also supported by half a dozen operators of web and mobile wallets. Bitcoin Gold was unavoidably compared to Bitcoin Cash, which started much more confidently after its debut in August and is now trading at 0.18 BTC, while the BTG rate has already fallen to 0.025 BTC.
After the initial resistance of some exchanges, most platforms eventually paid BCH to BTC owners, and purse developers quickly added support for this crypto currency. However, in the case of Bitcoin Gold, the hardcore has been less noticeable due to a number of factors, including lack of advancement, a lot of miscalculations on the part of developers, and concern about the preliminary mining they conducted.
Once Trezor makes BTG available to its customers, it will be interesting to see if the coin price remains at the same level or will continue to fall. Despite the fact that the crypto currency has some problems, its developers are optimistic.
The main advantages of Bitcoin Gold were claimed for mining on the GPU and regulation of the complexity of production with each block, similar to the Zcash crypto currency, from which the Equihash mining algorithm was borrowed. In Bitcoin Cash, after a recent hard-core, the complexity also changes in each block based on the average production time of the last 144 blocks. In Bitcoin, the complexity changes through 2016 blocks.
🤗 source: from the author 🤗