One month until #bgold exodus fork.
Hodl BTC on 10.25 get free BTG on 11.1#bgold1025#blockchainQE #bitcoin
Hodl BTC on 10.25 get free BTG on 11.1#bgold1025#blockchainQE #bitcoin
Ever since the arrival of bitcoin cash, forked coins have been en vogue. While BCH has succeeded in gaining traction, not only on exchanges, but also in the real world, the stragglers have struggled. There is little evidence that the likes of bitcoin gold and bitcoin diamond are used for anything other than speculation. That speculation can see forked coins pumped to insane highs, as the events of the past 24 hours demonstrate.
Diamond in the Rough
The bitcoin community is, appropriately, split when it comes to forks. Some see these airdropped coins, which are issued to existing bitcoin holders, as an egalitarian distribution strategy that creates an instant user base and active community. Others aren’t so sure, questioning the motives behind these projects and the lack of infrastructure support.
Bitcoin diamond (BCD) was distributed at a BTC rate of 10:1 when it was released in late November. Within days, the forked coin had settled into a price bracket around the $30 mark, and with major exchanges such as Bitfinex and Bittrex refusing to touch it, diamond seemed destined to remain languishing in the doldrums. But in the trading stakes – or rather the pump and dump stakes – every coin has its day, and Saturday was BCD’s.
In a matter of minutes, the coin multiplied 40x on Kucoin, sending it over $800 and causing one of the largest green candles ever witnessed on an exchange. The movement prompted Kucoin to issue the following warning to its customers:
Night of the Long Forks
Starting on the evening of Friday January 12, traders went long on many of the bitcoin forks that have been created in recent months. Predictably, the action seemed to emanate from the Asian markets, before impacting on all global exchanges that supported the coins. Due to the low price of many of these coins – bitcoin file costs around $0.2 for example – coupled with low trading volume, orchestrating pumps is relatively easy.
For anyone who FOMOs hard and piles into these rising green candles, however, there is a high risk of failure. BCD’s meteoric movement was evidently an orchestrated P&D. Many traders, unaware of the pump and dump taking place, will have had sell orders set for bitcoin diamond. Once the scheme kicked in, eating through that resistance was a doddle.
The majority of forked coins have few real use cases, but the events of the past 24 hours may entice traders to set and forget their airdropped coins from now on. Given the meagre sums to be made from trading these coins at their regular price, it makes more sense to set an unrealistically high sell order, just in case the unthinkable happens.
On Monday November 20, the cryptocurrency-based hardware wallet manufacturer, Satoshi Labs, revealed that the Bitcoin Gold (BTG) network is now accessible through the Trezor beta wallet. Further, the BTG development team has recently revealed that the wallet “mybtgwallet” may be a scam, alongside information on the team’s premine endowment process.
Trezor Adds Bitcoin Gold Support
The forked cryptocurrency bitcoin gold is having an interesting week as market liquidity is starting to hit exchanges. BTG markets have increased 100 percent in the past 24 hours jumping from $150 per token to $275 on November 21. The day before the Prague-based Satoshi Labs, the makers of Trezor, revealed they would enable BTG retrieval for customers within the wallet’s beta client. Trezor’s blog gives a step-by-step process on BTG claiming, just as it did when bitcoin cash forked this past August. Users are required to use the firm’s beta wallet and upgrade their firmware to 1.6.0.
“For the time being, your Bitcoin Gold wallet will only be accessible from the Trezor beta Wallet,” explains the company.
Bitcoin Gold is not Bitcoin — It merely uses bitcoin’s history similarly to the case of Bitcoin Cash — This process will not affect your Bitcoin wallet at all.
Removing an Alleged Fraudulent Wallet from the BTG Homepage
In addition to getting BTG support from Satoshi Labs this week, the development team has revealed a wallet called “mybtgwallet” may be fraudulent and removed the wallet from their homepage. The development team says they are investigating the situation and the team is working with security experts covering the issue.
“When we receive verifiable reports that a website or app is a problem, we removed it from our site,” explains the BTG development team.
Preliminary investigations indicated that at least some of the claims of theft by the mybtgwallet site are reliable — Like all third-party sites, that site was not in our control, but we immediately removed it from our pages and the team is working with security experts to get to the bottom of this issue — It appears the mybtgwallet online wallet site was modified by unknown parties long after it was originally published.
BTG Developers: “The ‘Premine’ Wasn’t a Premine”
Lastly, the BTG development team has also addressedthe controversial bitcoin gold premine this week. The founding developers say that the premine is not like traditional instamine processes that most teams utilize and that it shouldn’t even be considered a ‘premine.’ The “premine” wasn’t a pre-mine,” says the BTG team.
Bitcoin gold was replicated from the bitcoin (BTC) blockchain at block height 491407, and at that point there were 16.5M BTG in existence, explains the organization.
“After this, the project mined 100,000 coins (8000 blocks at 12.5 coins per bock), so it’s more of a post-mine, but we still call it a premine,” reveals the BTG endowment announcement.
A true premine is when the makers of coin start a new blockchain with a genesis block and do private mining to accumulate a number of coins, and only then make mining public for others earn coin rewards. With that approach, the makers obviously start out with a huge proportion of the initial coin supply – 100%! That would have been a serious problem.
In addition to describing what they believe is a ‘fair premine,’ the BTG team claims 95 percent of the coins are locked up in an endowment. Some (35%) will possibly be available for use immediately, and 60% was locked up for the future. The core development team has gathered 5% of the BTG premine to cover initial infrastructure costs.
The company behind the controversial Tether altcoin has revealed a few hours ago that it suffered a cyber attack in which the alleged hacker made off with over $30 million worth of USDT. The company also announced some steps to rectify the situation, including one that is effectively a temporary hard fork, leading exchanges to suspend USDT transactions.
The critical announcement issued by the Tether team explains that: “Yesterday, we discovered that funds were improperly removed from the Tether treasury wallet through malicious action by an external attacker. $30,950,010 USDT was removed from the Tether Treasury wallet on November 19, 2017 and sent to an unauthorized bitcoin address.”
As the issuer of the USDT, Thether warns the hacker or anyone that might be working with him that: “we will not redeem any of the stolen tokens, and we are in the process of attempting token recovery to prevent them from entering the broader ecosystem.”
Emergency Fork
The company lists its next steps to deal with the matter and calls on Tether integrators to support its actions to prevent further ecosystem disruption. These include temporarily suspending the tether.to back-end wallet service, opening an investigation to find the cause of the attack to prevent similar actions in the future and do an emergency hard fork.
The team explains that they are providing new builds of Omni Core, the software used by Tether integrators to support transactions, that should prevent any movement of the stolen coins from the attacker’s address. This will cause a consensus change to currently running clients, “meaning that it is effectively a temporary hard fork.”
Nothing to worry about?
Finally, they try to reassure users that they are working on finding ways to allow Tether to reclaim the stranded tokens and rectify the hard fork. The company also adds that “Tether issuances have not been affected by this attack, and all Tether tokens remain fully backed by assets in the Tether reserve.”
In response to these developments some exchanges have notified their traders that they are suspending USDT transactions. Huobi.Pro and fellow Asian venue OKEx for example have both announced that: “In order to ensure safety, with immediate effect, we would suspend the USDT deposit as well as the withdrawal services.” Tether trading is particularity important for platforms that don’t want to seem as if they are offering crypto/fiat pairs (in places where this can be a sensitive matter, like China), using USDT as as proxy for the dollar instead.
At approximately 4 pm EDT at block height 504031, the Bitcoin Cash (BCH) network successfully hard forked. The fork is a change to the decentralized currency’s consensus rules and aims to upgrade the network’s Difficulty Adjustment Algorithm (DAA).
The Bitcoin Cash Network Has Successfully Hard Forked
November 13 is a memorable day for bitcoin cashsupporters, as the network is forking in order to fix the BCH blockchain’s DAA. The primary development teams who have been working on the bitcoin cash protocol consensus change include Bitcoin ABC, Unlimited, Nchain, and XT developers. The original DAA applied to the BCH network allowed the currency to thrive but also produced wild hashrate fluctuations.
After several DAA proposals were researched and tested by the above-mentioned development teams, the community chose to implement a DAA proposal from Bitcoin ABC’s lead developer Amaury Sechet.
The new BCH consensus change hopes to adjust the difficulty to hashrate to target a mean block interval of 600 seconds. Alongside this, the DAA aims to make sudden difficulty drops and spikes avoidable. For instance, the network will adjust difficulty rapidly when the hashrate changes exponentially, while also avoiding feedback oscillations. Sechet’s DAA is based on a 144-period simple moving average according to the ABC team.
“The difficulty is adjusted each block, based on the amount of work done and the elapsed time of the previous 144 blocks,” explains the Bitcoin ABC development team.
The Bitcoin Cash DAA Should Keep Block Times Consistent and the Mining Ecosystem Honest
Essentially the consensus change means the new DAA should keep block times stable and consistent at roughly 10 minutes per block. So far this goal of 10-minute block intervals has come to fruition. Now that the fork has happened BCH network participants will wait and see what happens with miners who have been hopping back and forth between two chains. Many BCH supporters believe this will level the playing field and from here on out, as the BTC and BCH competition should be fair without any miners gaming the system.
Miners will now have to choose the best solution and be more confident in the chain they are targeting. Both cryptocurrencies market values will be weighed heavily as the price will have more of an impact on the mining profitability for both networks. At the moment, one bitcoin cash is trading at just above $1300 per BCH, and BCH mining profitability has been on parity with BTC for the last hour. Presently it is 2 percent more profitable to mine on the bitcoin cash chain.
Overall bitcoin cash supporters seem very pleased with the successful DAA upgrade, but it will take some time to see its full progression. For now, many BCH supporters continue to believe in the cryptocurrency’s ultimate goal of becoming a peer-to-peer electronic. This week a great number of early BTC adopters vouched for the BCH protocol as a store of value and means of exchange.
From $0 to $2,900 – and seemingly everywhere in between.
Bitcoin gold, a new fork of the bitcoin software, may not have been officially launched (or distributed to users), but that isn't stopping the cryptocurrency markets from seeking to determine its potential value (or profiting from its eventual existence).
In an interesting twist on a typical distribution, a number of exchanges are now listing a token that represents a claim on the future delivery of bitcoin gold (in advance of it becoming available to all bitcoin users). Ahead of that event, however, traders are seeking to value the asset, which proposes an alternative to the difficulty of competing for rewards on bitcoin's mining network.
Still, it's safe to say there's disagreement so far.
In interview, analysts expressed a reservation about bitcoin gold, both when speaking about its developer team, and when characterizing the protocol's potential market opportunity.
Safiri Felix, a researcher at financial publisher Empiricus, for example, believes that while bitcoin gold is likely to encourage others to clone bitcoin's blockchain, and thus capitalize on the potential to appeal to its expansive user base, he sees this trajectory as limited.
Felix told our source:
Indeed, most industry observers surveyed don't expect the project to compete with bitcoin or bitcoin cash, predicting its market capitalization would likely be similar to less valuable networks.
This belief seems reflected on exchanges, where BTG tokens traded for a high of $2,900 on Bitfinex, before dropping 96.64 percent to $97 on Tuesday. By Wednesday, prices stabilized around $137 at press time, though order books are heavy with sell orders in available markets.
At current prices, the value of all bitcoin gold (once released) would be worth a mere 43 percent of BCH and 2 percent of BTC. As such, it seems unlikely to surpass the value of those currencies in the immediate future.
Likewise, exchange interest also seems subdued. Currently, only a handful of exchanges, Bitfinex, HitBTC, Yobit, Bleutrade, Bitstar and Coinnest, support BTG/BTC and BTG/USD trading pairs.
Developer concerns
Of course, the biggest question mark for those surveyed was whether the tokens will actually be delivered by those behind the project.
Already controversial is that the team behind bitcoin gold intends to set aside a certain amount of the cryptocurrency to fund its future development, as part of what's called a "pre-mine." Indeed, Safiri was quick to note that the bitcoin gold team has no existing track record in the industry.
"It's natural to dismiss their ability to deliver quality code," he said.
Long-time industry entrepreneur and director of business and community at cryptocurrency wallet provider Jaxx, Charlie Shrem, also cited the decision to set aside funds as a suspicious one, though not one that inherently denotes any wrongdoing.
"[It] seems like an attempt to replicate bitcoin cash and give the developers a nice premine," he said.
Overall, his remarks pointed to the idea that the low price of bitcoin gold as compared to bitcoin and bitcoin cash may be reflective of the possibility the funds never actually arrive.
Long-term potential
As for what that means for those considering how to handle their holdings, it's worth noting that such market shifts are common when it comes to the price determination of a new asset.
For instance, bitcoin cash (BCH) – which forked off bitcoin in August – traded for highs of nearly $1,000 before dropping to trade between $300 to $400 in its first month. Likewise, at points, zcash traded for millions of dollars per token (though that was due to issues with its distribution).
But, it's still the question of the protocol's ultimate value proposition that seems most pertinent.
Shrem went so far as to forecast that its possible bitcoin gold could inspire cryptocurrency hobbyists to begin securing the protocol with older mining equipment, and that this could possibly jumpstart value creation, potentially leading to utility.
He noted that while older GPUs could be used to mine ether – the cryptocurrency of the ethereum network – doing so would mean a reduced chance of rewards given its existing competition.
Of course, others were more outright dismissive. Tim Enneking, managing director at hedge fund Crypto Asset Management, believes bitcoin gold proves fork currencies will likely have diminishing returns from here on out.
Enneking concluded:
Source
CoinDesk
This week bitcoin proponents have been talking about the bitcoin gold fork scheduled for October 25. With just a few days away, bitcoin exchanges and service providers have been detailing their contingency plans on how to best deal with the upcoming distribution of split tokens.
Coinbase Reveals Plans for Bitcoin Gold
Bitcoin enthusiasts have been discussing the bitcoin gold fork a lot this week across social media and cryptocurrency forums. Now many bitcoin-based service providers are coming out of the woodwork to explain their company’s stance towards this fork and associated token. Further, just recently our source reported on a large swathe of Japanese exchanges detailing their split contingency plans.
“At this time, Coinbase cannot support bitcoin gold because its developers have not made the code available to the public for review — This is a major security risk,” explains the San Francisco based exchange.
The fork has already privately occurred at a point known only to the bitcoin gold development team. The bitcoin gold blockchain will be made publicly available when the bitcoin blockchain reaches block number 491,407, which is currently estimated to occur on October 25, 2017.
Both Coinbase and GDAX plan to monitor bitcoin gold to make sure the network is secure and viable. The company says at a later date it may decide to provide distribution support for the split tokens. “If Coinbase were to enable support for bitcoin gold at a future date, customers would be able to withdraw bitcoin gold associated with their Coinbase/GDAX bitcoin balances at the time of the bitcoin gold fork.”
Two Hardware Wallets Discuss the Upcoming Fork
Following the announcement from Coinbase, on the same day the popular cryptocurrency hardware wallet manufacturers, Satoshi Labs and Ledger, also gave updates on the bitcoin gold situation. Satoshi Labs explains to its Twitter followers that a Trezor announcement will come if the project is actually safe. “Once there is a safe way, we will let you know,” explains the Prague-based hardware wallet company.
Moreover, Trezor also highlights that the bitcoin gold developers have not added replay protection yet, which is an issue for a lot of service providers. As far as bitcoin gold support goes, Satoshi Labs says it “depends on the timeframe — If bitcoin gold implements strong, two-way replay protection a day before the fork, we cannot be ready in time.”
Moreover, Trezor also highlights that the bitcoin gold developers have not added replay protection yet, which is an issue for a lot of service providers. As far as bitcoin gold support goes, Satoshi Labs says it “depends on the timeframe — If bitcoin gold implements strong, two-way replay protection a day before the fork, we cannot be ready in time.”
The France-based Ledger Wallet also detailed its plans for bitcoin gold on October 21. The hardware wallet provider Ledger states:
Ledger will add immediate support for the bitcoin gold fork if/when the code is available, with replay protection, and if it’s successful/valid — Bitcoin Gold will fork on block 491407 – just hold your BTC in a Legacy or Segwit address before. Nothing else [is] necessary.
Coinomi Wallet Offers Full Splitting Support — While the Bittrex Team is Concerned About the Project’s Development Inconsistencies
Additionally, another wallet provider Coinomi has explained how it will handle the upcoming split situation. Coinomi explains it will be supporting the bitcoin gold tokens. After the fork when the network goes live on November 1, split tokens will be credited to Coinomi wallet users. The company gives a step-by-step process on how a user will be able to obtain their bitcoin gold, alongside stating the startup will offer 24/7 customer support.
Furthermore, the cryptocurrency exchange Bittrex explained they will be crediting users with bitcoin gold if they held bitcoin on the exchange prior to block 491,407 occurring approximately on October 24, 3 am PT (10 am UTC). However, the exchange may not list the forked token within the platform’s markets, as the business has concerns.
Bittrex is concerned about the lack of consensus code, no replay protection, no publicly known developers, and the fact that no business has been provided with adequate code for testing and auditing. The company also tells its users about the bitcoin gold pre-mine, and explains developers could dump these tokens on the open market.
With the fork just days away, and the bitcoin gold network going live in a week, it’s still hard for people to have confidence in this particular split. The most contentious issues with this fork are the lack of replay protection, a significant pre-mine for bitcoin gold developers, and a severe lack of infrastructure support.
However, as far as support, it’s likely more businesses will announce their plans towards handling this fork over the course of the next two weeks. Meanwhile, the entire cryptocurrency community will wait and see if this project is truly viable.
If you have a Bitcoin (BTC) balance on Bittrex during the BTG snapshot block 491,407 occurring approximately on October 24, 3am PT (10am UTC), you will be additionally credited the equivalent amount of Bitcoin Gold (BTG) on a 1:1 basis. i.e. 1 BTC on Bittrex held during the on-exchange snapshot will get you 1 BTG.
BTC held on orders will also be credited. Only the BTC held on your account is eligible for BTG. Full details below.
Bitcoin Gold [BTG] is a proposed digital asset.
At this time, the information and codebase presented by the Bitcoin Gold team is not in a functional state and Bittrex will not commit to opening a Bitcoin Gold trading market.
Bitcoin Gold intends to perform a wallet balance snapshot at Bitcoin block 491,407 but the actual Bitcoin Gold network will launch publicly at a later undetermined date and time (the only guidance is the statement "after the launch on Nov 1").
Bitcoin Gold codebase also contains a private premine of 8,000 blocks (100,000 BTG). Please be aware that if a market does open there is a possibility of the developers selling their premined BTG on the open market.
When considering adding tokens to Bittrex exchange we look at the risks involved. Bitcoin Gold does not satisfy our criteria for safety for our users. Taking a snapshot of the Bittrex exchange Bitcoin wallet is also a large disruptive undertaking that requires over 24 hours of preparation (Bitcoin deposits and withdrawals are also suspended during this time) and should not be taken lightly.
Bittrex will close deposits and withdrawals of Bitcoin (including 2nd layer protocol XCP/OMNI and associated assets) 24 hours prior to the BTG snapshot block 491,407 occurring approximately on October 24, 3am PT (10am UTC). The wallet will remain closed until the on-exchange snapshot is complete. Trading will remain active during this time.
Bittrex will make all reasonable attempts to credit our users BTG but until we have a fully supported wallet, we can neither guarantee tokens or consider creating a market. We will continue to monitor the state of the codebase and network. We'd also like to encourage the BTG development team to reach out to us.
Further information:
Developer statement from Bitcoin Gold Slack:
Source
It has been only 9 weeks since the Bitcoin Cash hard fork, and we are again discussing another Bitcoin hard fork. So for those of you who aren’t aware of the upcoming Bitcoin hard fork, pay attention.
In this article, I intend to cover everything you need to know about the upcoming Bitcoin hard fork and how to prepare and benefit from it by doubling you coin holdings.
Wowowow… double!!
Some of you may think this is a good thing as your value will also double!
Note: Doubling of coins does not mean doubling of value, because after a hard fork, the value of both versions of coins are determined based on user sentiments and demand/supply in the market.
So keeping that point in mind, let’s get started…
New Bitcoin Fork – Bitcoin Gold (BTG)
Bitcoin Gold is a new, would be cryptocurrency denoted, as of now, as BTG or “bgold”. It will be a fork of the original Bitcoin that Satoshi Nakamoto invented in 2008.
The Bitcoin Gold community defines BTG in the following fashion:
Bitcoin Gold is a community-activated hard fork of Bitcoin to make mining decentralized again.
At present, there is very little information available about the technical know-how of this fork because their website is under development.
Who Is Doing This Fork And When Is It Happening?
The Bitcoin Gold project is being driven by some developers, miners, and their head Jack Liao, the CEO of the Hong Kong-based mining equipment manufacturing company, LightningAsic.
Bitcoin Gold’s lead developer is someone anonymous by the name of h4x3rotab and he/she claims that:
Bitcoin Gold is also a real blockchain to pilot Bitcoin upgrades.
As per their official website, the exact time is not yet known for this fork. But the official date for the fork is mentioned as 2017-10-25 (25th October 2017).
Why Is It Happening?
This is a community-driven hard fork without any consensus voting. It is primarily being driven by a few who believe that the original Bitcoin mining system has become centralized and is monopolized by a handful of mining companies.
They believe this because of ASIC miners which provide a very strong entry barrier for an average user or miner like you and me.
And now, these hard fork supporters want to change that and make the process more decentralized.
As per their Twitter:
How Do BTG Supporters Want To Change This Centralization Problem?
BTG (i.e. Bitcoin Gold) advocates have decided to solve this problem by forking Bitcoin on 25th October by changing its original protocol.
Specifically, to combat the mining centralization problem, the BTG developers are implementing a different mining algorithm altogether that will be resistant to ASIC chips called Equihash.
This will make ASIC miners irrelevant for mining Bitcoin Gold because, with the implementation of Equihash, Bitcoin Gold will be mineable simply by using cheap GPUs.
Note: Currently, Bitcoin uses the SHA-256 mining algorithm (read about SHA-256).
What’s Their Other Agenda?
Their other agenda is to save Bitcoin in case something happens to it in the future, as they claim will.
Also, I think they want to compete with other GPU minable cryptocurrencies like Zcash, Ethereum, and Monero.
And with Ethereum moving to POS consensus, this is a kind of masterstroke for this Bitcoin-branded coin (BTG) because then those Ethereum mining people will have to switch to either BTG or Zcash or another GPU minable currency in the future.
But they know that they are not competing with Bitcoin and Bitcoin Cash as stated by their lead developer in a conversation with Bitcoin.com.
Features of Bitcoin Gold (BTG)
Bitcoin Gold doesn’t bring many features with it, but…
- BTG will be based on Equihash so it will be GPU minable.
- BTG will have inbuilt replay protection because it is a direct fork of BTC.
- BTG will have a variable difficulty that will change per block. (Good thing for GPU miners.)
- And looks like BTG will have a pool of pre-mined coins for 16,000 blocks.
Apart from these, there will be no changes like block size adjustment.
And BTG will be following the suit of the original BTC core developers for the future betterment of their coin because they believe that’s the secure way.
My Opinion
I have mixed feelings toward this because of several reasons…
It’s a good idea to have a GPU-minable algorithm. This will surely prevent centralization and currently there is no GPU-minable Bitcoin hard fork. So it’s good in that sense.
On the other hand, their development and way forward look depressing. There is literally no information whatsoever on their GitHub or official website. Moreover, on GitHub, none of their developers are publically available.
Also, haywire information sources on the Bitcointalk forum raise massive red flags about their future and their intentions. I was really surprised to learn that they might have an ICO for these pre-mined blocks, but again, there is little clarity about it on their official website.
But… let’s say that on 25th October they have beaten all odds, clarified the much-needed information about their project, and we have a fork… then what to do in that case?
Then the only thing to do is enjoy and claim your free airdropped Bitcoin Gold coins!
Confession: I am going sell some part of BTG immediately (if a fork happens) and will HODL the rest of it.
How To Get Free BTG
After the BTG fork, you need not do much, but you need to be updated and agile about this subject.
If you want access to your BTG coins, you need to take care of two things:
- You should have your private keys.
- You should avoid being replay attacked.
And here’s the important part: Both of your coins (BTC and BTG) will have the same private keys.
Moreover, due to this fork/split, another problem called Replay Attacks can happen.
Though, they say that they have replay protection in place, but we are not sure how effective it is as it has not been tested live.
So to avoid replay attacks and access your free BTG coins, we suggest you take care of the following things:
- Avoid transactions for some days until the dust settles to avoid replay attacks.
- Keep your Bitcoin private keys with you, not in a third party exchange like Coinbase.
- Use hardware wallets like the Ledger Nano S and Trezor. Last time, during the Bitcoin Cash fork, these two hardware wallets were the first to support the forked coin.
- If you don’t have a hardware wallet, use software wallets like Mycelium, Jaxx, Coinomi, and Exodus to control your private keys.
- You can also use a paper wallet or brain wallet.
- If you hold your keys in a paper wallet or software wallet, wait for instructions on how to access your BTG coins.
Future Of BTG
The future of BTG isn’t clear yet. But if the fork happens, BTG will likely have some market value and will definitely steal away some hash power from GPU miners.
On the other hand, we really need exchanges and wallets to support this Bitcoin Gold fork; otherwise, it will have a hard time finding any value.
And as the fork time approaches, I will keep updating this article will more information on Bitcoin Gold and which wallets/exchanges are actually supporting it.
Last but not least, don’t fall prey to fake websites/wallets demanding your private keys to let you access your BTG.
So until that time, stay tuned as we keep up with the Bitcoin revolution!
Source
Coinsutra
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