BITCOIN GOLD: PREMINATED AND LAST DETAILS BEFORE THE OCTOBER 25 FORK

After the creation of the first blockchain, that of Bitcoin, many chains of alternative blocks have emerged that are based on this technology but make changes in the structure to explore other sectors of the market and offer specific services, such as speed or more privacy.

However, until recently, Bitcoin could not be said to have a fork that would retain its own transaction history to a certain extent, something that already happened on August 1, resulting in the criptomoneda Bitcoin Cash. And that seems to be just the beginning, because now there are at least two more scheduled: that will lead to the Bitcoin Gold Cryptonet, planned for October 25, and announced by the SegWit2x team, scheduled for November.

To begin with, it is important to know that the aim of this new network is to decentralize Bitcoin again, because even though its initial driver is Jack Liao, CEO of LightningASIC, they consider that manufacturers of specific application-integrated circuits are monopolizing the mining of bitcoins and leaving aside the domestic miners.

This project, unlike Bitcoin Cash, will not bifurcate the network in real time, but will take a "catch" in block 491.407 and continue the new chain from there after the launch of its main network.