Tomorrow it is determined how much Bitcoin Gold will be allocated to Bitcoin users

in #bitcoin7 years ago


In a quest to "decentralize Bitcoin again", as its slogan explains, the development team behind Bitcoin Gold has scheduled a bifurcation of Bitcoin's blockchain in block 491.407. At first, it was estimated that this bifurcation would happen on October 25, but taking into account that at the time of writing this article we are already at the height of block 491.193, it would most likely be that bifurcation took place on the day of tomorrow, October 23, 2017. However, this will not be quite so.

One particular aspect of the Bitcoin Gold bifurcation is that it will not be done in real time. Upon reaching the block specified above, Bitcoin Gold will capture or photograph the Bitcoin blockchain. In this way, they can continue to register and certify their transactions from block 491.407 at the time of launching their own blockchain to the public, which has been scheduled to take place on November 1 of this same year.

This means that by the time of the assignment of BTG (abbreviation with which the native cryptomonet of Bitcoin Gold will be recognized), the amount of bitcoins that you have in your possession at the moment of the capture, will be the one that you will receive in BTG -si well the method of distribution of this cryptoactive will depend largely on each of the exchange houses and portfolios that operate with bitcoin.

POSITION OF THE WALLETS ABOUT BITCOIN GOLD

In this vein, among the portfolios that have made public their support for Bitcoin Gold are Coinomi, Freewallet, ChronoBank, and Guarda Wallet. In general, these portfolios are expected to provide their users with a BTG balance equivalent to the BTC balance of each at the time of capture. But there is a very important caveat made by the Coinomi team, and is that this assignment will start to run from the launch of the network to the public; that is, not before 1 November.

For its part Exodus made clear that because of being a proposal still under development, Bitcoin Gold will not receive the support of this portfolio. Although its users will be free to export the private key of its BTC portfolio to an external portfolio that does support BTG, and thus acquire the equivalence to its balance in this new criptomoneda.

POSITION OF THE EXCHANGES ABOUT BITCOIN GOLD

Among the exchange houses we also have different points of view. While some plan to add the BTG to their transaction pairs, others only plan to distribute it to their users without intending to add it to their short-term platform, and others will not add or assign it to their users.

Among those planning to distribute and allow BTG transactions on its platform we have: Bitcoin India, Beatcoin, Abucoins, Paribu, Bitbay, BitStar, Yobit, HitBTC, and Bleutrade. Among these, it should be noted that BitStar and Bleutrade have already added BTG as futures to their lists of available cryptonedas for exchange, while YoBit has announced that in less than 24 hours (by October 23) it will also have it available on its platform of transactions.

Exchange houses such as Bittrex, Coincheck, Bitpoint, GMO Coin, and bitFlyer announced to their users that they will be credited with a BTG balance equivalent to their BTC balance at the time of the capture of block 491.407. While this procedure as specified by several of the platforms named, will be fulfilled as they consider it is safe for them and their customers.

But because Bitcoin Gold does not yet meet certain security standards specific to such bureaux de change, they will not allow the execution of transactions for the moment. Although some have left the door open for the future, should BTG show the level of development needed to meet those standards.

Finally, there are those exchange houses that openly expressed their refusal to support Bitcoin Gold, so they will not be assigning or offering services of any kind with this criptomoneda. Among these are: Zaif, Fisco, and Bitbank. Among the allegations for this decision, he points out that the Bitcoin Gold code is not yet ready.

So far the Bitcoin Gold team has not guaranteed protection against repeat attacks, crucial for the security of transactions made on both BTC and BTG. In order to achieve this achievement as soon as possible, this team has offered through GitHub a bonus of 250 BTG to the developer or group of developers who manage to solve the problem of repetitive attacks. A bonus of 50 BTG extras would be awarded if the achievement is achieved before October 25, 2017.

Original post: Mañana se determina cuánto Bitcoin Gold se asignará a los usuarios de Bitcoin