How did Bitcoin Gold appear?
2017 was an extraordinary difficult year for bitcoin’s development. The optimization of bitcoin-blocks (the volume of a bitcoin-block remained the same – 1 Mb) still did not allow to process the rapidly increased transactions’ amount.
The different variants of protocol modifications, which could have potentially scale the network, were suggested to fix the issue of a bitcoin network overload. The greatest part of the community supported the idea of Bitcoin Core team to activate SegWit and integrate Lighting Network “settings” in May 2017. The opponents to the solution suggested by a Bitcoin Core team wanted to modify bitcoin upon the Bitcoin Unlimited program.
Though the major part of the c...Read More