BTG BTG

关于 quant

The full name of BTG is BitcoinGold, and some people call it BitcoinGPU. The origin is an anti-segwit2x activity initiated by a developer organization: "NO2X". BTG is a new digital currency obtained from the hard fork of the Bitcoin blockchain. Its main features are: Similar to Bitcoin Cash, BTG will also add SIGHASH_FORKED (a security mechanism after a hard fork). BTG will be pre-mined. The BTG blockchain will initially be mined in a non-public environment, which means that there will be an initial allocation of early developers and supporters. BTG will use the Equihash PoW algorithm. The difference between this algorithm and the SHA256 used by BTC is that the hash power will be affected by the memory size of the computing device. Therefore, ASIC miners will no longer be effective for BTG mining. The creator of the BTG project is Jack Liao, the founder of Lightning ASIC. The company that developed Bitcoin Gold is headquartered in Hong Kong, and its person in charge is an anonymous developer named "h4x3". BTG is a hard fork of Bitcoin BTC. On October 24, 2017, it was split from Bitcoin after the birth of block 491407. The BTG blockchain will initially be mined in a non-public environment, which means that there will be an initial allocation of early developers and supporters. BTG uses the Equihash PoW algorithm. The difference between this algorithm and the SHA256 used by BTC is that the hash power will be affected by the memory size of the computing device. Therefore, ASIC miners will no longer be effective for BTG mining. However, Bitcoin initially advertised its goal of decentralization. At present, only a few mining machine manufacturers produce mining machines, so that the computing power is monopolized by the mining machines. The mining machine manufacturers undoubtedly seized control of Bitcoin from it, contrary to the original intention. In order to change this status quo, Liao Xiang and his team hope to create a digital currency to "anti-ASIC", a digital currency that does not require expensive and advanced mining hardware ASIC, which is later BTG. Unlike the previous more successful Bitcoin hard fork-Bitcoin Cash BCH, BTG is not used to replace Bitcoin. From the BTG white paper, we can see: "The emergence of Bitcoin gold is to protect Bitcoin and to ensure its status as the main cryptocurrency."