What is Bitcoin Gold?
Bitcoin Gold consider itself a different version of Bitcoin rather than a whole new platform based on Bitcoin core software. BCG spun off Bitcoin sometimes back in August 2017. At its core, they want BTG proponents seek to solve what they consider a serious fundamental flaw inherent with Bitcoin's proof of work protocol and encryption. That of centralization through used of specialized mining hardware called ASICs.
The stated aims of Bitcoin Gold are to make mining more equitable such that anyone with the necessary hardware as normal GPUs can mine. On the original bitcoin, small scale miners can't cope with the speeds and efficiency of the mining farms. Bitcoin Gold proposes to achieve this by eliminating mining using Application Specific Integrated Circuits (ASICs) miners which is deemed more efficient and used by large Bitcoin miners. Bitcoin Gold uses the EquiHash encryption software and difficulty levels are adjusted after every block unlike in BCH or BTC.
Anyone who owned Bitcoin at the time that the fork occurred will receive an equal amount of BitGold. The fact that it has close association to Bitcoin means that the likelihood of widespread adoption is high.
Founder: Jack Liao
Release Date: November 12, 2017