Dear ATOMARS Community,
We are pleased to announce the listing of Bitcoin Gold (BTG) on ATOMARS exchange. Bitcoin Gold (BTG) deposits are effective starting from November 27, 2019 and the following trading pairs will be available: BTG/BTC and BTG/ETH.
BITCOIN GOLD PROJECT SUMMARY
Bitcoin Gold is the newly created, community-led hard fork of Bitcoin that has taken the cryptocurrency industry by storm. This is because it brands itself as a version of Bitcoin fulfilling the vision of Satoshi (Bitcoin founder) to provide decentralized cryptocurrencies and increase usability. As a result, Bitcoin Gold offers a more democratic mining infrastructure compared to Bitcoin. The symbol BTG denotes the Bitcoin Gold cryptocurrency and the total coin supply of 17.1 million BTG.
The Bitcoin Gold mainnet was launched in November 2017 after a successful testnet. Bitcoin Gold is a result of the Bitcoin blockchain bifurcation, and continues, unaltered and distinct from its original blockchain. It has the same transaction history as Bitcoin up till the fork.
Bitcoin Gold seeks to correct the continued centralization of Bitcoin which has seen a small number of entities dominating mining operations, relegating individual miners and abusing the entire blockchain network in general. Bitcoin Gold renders technical SHA256 mining equipment obsolete by using Equihash as its Proof-of-Work algorithm.
Bitcoin Gold therefore provides an opportunity for new people all over the world to mine with easily accessible hardware, manufactured and distributed by trusted corporations.
FEATURES OF BITCOIN GOLD
Decentralization: Bitcoin Gold uses a Proof-of-Work algorithm for the decentralization of mining on the blockchain, which differs from ASIC miners that cannot run faster for Bitcoin mining. This provides an opportunity for users to mine BTG with GPUs.
Replay Protection: Replay Protection is one of the earliest updates made to Bitcoin Gold to solve a common problem with transaction replay found with Bitcoin forks. A replay occurs as the transaction history is shared by both the original and forked blockchain. This presents a chance for malicious users to easily replicate transactions from one blockchain to another, effectively doubling their cryptocurrency. With replay protection, Bitcoin Gold ensures a transaction on one blockchain is invalid on the other.
Protection Against Big Swings: Hash power deviation is prevented by implementation of the difficulty adjustment algorithm which protects against big swings in hash power.
Unique Address Format:
After a hard fork, by default, both sides of the fork continue using the same address format. This means you can unintentionally send coins to the address on the other chain, which can result in the loss of your funds. Bitcoin Cash is a fork that did not address this issue and its addresses can not be distinguished from Bitcoin addresses. People have been reported to have sent BTC to a BCC address and vice versa with coins being permanently lost in some cases.
To resolve this confusion, Bitcoin Gold implements a unique address format. The prefix of PUBKEY_ADDRESS and SCRIPT_ADDRESS will be changed to a new prefix which is yet to be determined. This new prefix can easily be distinguished from Bitcoin addresses.