Bitcoin Gold is the latest Bitcoin clone
Bitcoin Gold
Bitcoin Gold   a new cryptocurrency  has been created through a so-called hard fork similar to the way Bitcoin Cash was created in August.
Since Bitcoin and  Bitcoin Gold  share the same history up until the fork  anyone who owned Bitcoin around 8pm E.T. Monday should become the owner of the same amount of Bitcoin Gold as well. But as is often the case with Bitcoin  things are not that simple.
First of  all  the Bitcoin Gold network  is not yet live.  Its  creators have merely taken a snapshot of the Bitcoin blockchain at block 491 407  but the cryptocurrency should become publicly available on Nov. 1.
Those who stored bitcoins at exchanges might see different results  depending on the exchange. Some exchanges  including Coinbase and BitMEX  said they will not support  Bitcoin Gold  at all (though Coinbase did say it might support it at a later date). Others  like Bittrex  said  Bitcoin  owners will receive their  Bitcoin Gold  at a 1:1 ratio. Only a few of the major exchanges said they would support  Bitcoin Gold  trading.
 Bitcoin Gold 's main reason to exist  according to the project's website  is ASIC-resistant mining. Originally   Bitcoin  could be mined (the process of mining creates new coins and powers the Bitcoin network at the same time) by anyone with a PC. However  Bitcoin's network is currently dominated by big mining companies  which employ specialized mining machines called ASICs (application-specific integrated circuits).  Bitcoin Gold  uses a different mining algorithm which will once again enable mining by anyone with a home PC.
However   Bitcoin Gold  has received quite a bit of criticism for being hastily put together  and for pre-mining a certain amount of coins  which essentially mean free money or the project's owners.
Despite the controversy  the price of  Bitcoin  rose to more than $6 100 days before the fork  likely due to  Bitcoin  owners calculating that getting some free BTG can't hurt them  even if the project turns out to be a failure. Many were likely hoping for a reprise of the Bitcoin Cash fork in August. Despite initial reluctance from exchanges  Bitcoin Cash has turned out to be quite successful so far  currently trading at about $330 with a market cap of more than $5.5 billion.
Bitcoin Gold   a new cryptocurrency  has been created through a so-called hard fork similar to the way Bitcoin Cash was created in August.
Since Bitcoin and  Bitcoin Gold  share the same history up until the fork  anyone who owned Bitcoin around 8pm E.T. Monday should become the owner of the same amount of Bitcoin Gold as well. But as is often the case with Bitcoin  things are not that simple.
First of  [TGT]is not yet live.  [TGT]  creators have merely taken a snapshot of the Bitcoin blockchain at block 491 407  but the cryptocurrency should become publicly available on Nov. 1.
Those who stored bitcoins at exchanges might see different results  depending on the exchange. Some exchanges  including Coinbase and BitMEX  said they will not support  [TGT]at all (though Coinbase did say it might support it at a later date). Others  like Bittrex  said  Bitcoin  owners will receive their  Bitcoin Gold  at a 1:1 ratio. Only a few of the major exchanges said they would support  Bitcoin Gold  trading.
 Bitcoin Gold 's main reason to exist  according to the project's website  is ASIC-resistant mining. Originally   Bitcoin  could be mined (the process of mining creates new coins and powers the Bitcoin network at the same time) by anyone with a PC. However  Bitcoin's network is currently dominated by big mining companies  which employ specialized mining machines called ASICs (application-specific integrated circuits).  [TGT]uses a different mining algorithm which will once again enable mining by anyone with a home PC.
However   [TGT]has received quite a bit of criticism for being hastily put together  and for pre-mining a certain amount of coins  which essentially mean free money or the project's owners.
Despite the controversy  the price of  Bitcoin  rose to more than $6 100 days before the fork  likely due to  Bitcoin  owners calculating that getting some free BTG can't hurt them  even if the project turns out to be a failure. Many were likely hoping for a reprise of the Bitcoin Cash fork in August. Despite initial reluctance from exchanges  Bitcoin Cash has turned out to be quite successful so far  currently trading at about $330 with a market cap of more than $5.5 billion.