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README.md

Bitcoin Gold

This is a no-premine client for Bitcoin Gold

The Bitcoin Gold developers decided to include a premine at: https://github.com/BTCGPU/BTCGPU

You can see the change here: https://github.com/realBitcoinGold/BTCGPU/commit/623ec59bb35bd4f20031506a4314e45a1d53fa6f

It will be up to the miners to decide what client to use. If 51% of miners use the no-premine client, there will be no premine for Bitcoin Gold.

FAQ

Q: Is this a fork of Bitcoin Gold?

A: No, it is an alternative client. If 51%+ (majority) of miners use the no-premine chain, there will be no premine. If the majority of miners want a premine, they can use the premine chain and get a premine.

Q: Why should miners want a premine in Bitcoin Gold?

A: Use the premine chain if you want developers to get a premine. Maybe it will incentivize them to work on the chain and make it more valuable.

Q: What if I try to mine blocks with the no-premine client, but more mining power wants a premine?

A: Your mined blocks will be invalid and forked off the main chain. The same is true if you try mining with the pre-mine chain and the majority wants no-premine.

Build Status

Bitcoin Gold (codename BTCGPU) is a fork of the Bitcoin blockchain that will occur at block height 491407, at roughly 12:00:00 UTC October 25, 2017.

At the predetermined block height, Bitcoin Gold miners will begin creating blocks with a new proof-of-work algorithm, and this will cause a bifurcation of the Bitcoin blockchain. The original Bitcoin blockchain will continue on unaltered, but a new branch of the blockchain will split off from the original chain. The new branch is a distinct blockchain with the same transaction history as Bitcoin up until the fork, but then diverges from it. As a result of this process, a new cryptocurrency will be born.

WARNING

Bitcoin Gold is a work in progress. If you don’t understand what you are doing, please don’t compile and run your own client from the staging tree. Your own client will NOT WORK. However, you're more than welcome to help test the code and join the development.

Links

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