Sentences with phrase «bitcoin gold designed»
The collective minds behind bitcoin gold designed a code that creates a fork or split in the bitcoin blockchain.
https://hacked.com/ Not exact matches
But Bitcoin Gold will use an algorithm known as «Equihash» which is designed so that people can effectively use their graphical processing units, or GPUs — common computer gaming hardware — to profitably mine the coin for the foreseeable future.
The futures are designed to reflect the price of bitcoin without an investor having to physically hold the virtual currency, not unlike how oil, gold, copper or cocoa prices are determined by futures contracts.
Created by former Google employee Charlie Lee, Litecoins were always designed to be the silver to Bitcoin's Gold.
Monero was designed to provide the relative transactional privacy that Bitcoin lacked, and Litecoin was the silver equivalent to gold's Bitcoin.
Bitcoins are not issued by banks or governments — indeed the Bitcoin platform was designed to offer an alternative to national currencies like the dollar, and commodity - based currencies such as gold or silver coins.
Because it's similar to gold mining in that the bitcoins exist in the protocol's design (just as the gold exists underground), but they haven't been brought out into the light yet (just as the gold hasn't yet been dug up).
The creators of Bitcoin Gold believe that Bitcoin is no longer as decentralized as it should be, and they have designed Bitcoin Gold to decentralize mining and keep it that way.
Another fork of bitcoin took place this fall, bitcoin gold, which sought to incorporate technology used by other cryptocurrenices designed to block factors that led to more centralized mining.
Bitcoin gold is designed to be more decentralized than bitcoin for Bitcoin gold is designed to be more decentralized than bitcoin for bitcoin for miners.
Bitcoin Gold which has been designed keeping in mind the mining challenges will be launched on 25th October.
Of note are the Mt. Gox bankruptcy filing and Bitcoin gold — a project designed to create a new form of cryptocurrency that also tapped into the Bitcoin name.
Here's why that's not a radical idea: it's how Satoshi Nakamoto, creator of Bitcoin, for a time had designed Bitcoin before settling on a 1 MB transaction size — a decision which, perhaps, led to Bitcoin being christened «digital gold.»
Bitcoin was explicitly designed to be digital gold.
Bitcoin gold was a project designed to create a new form of cryptocurrency that also tapped into the Bitcoin name.
Bitcoin Gold was designed to change Bitcoin's consensus mechanism, thereby allowing users to employ graphic processing units (GPU) and lowering the barrier to entry for new miners.
Other mining algorithms like Ethash (Ethereum) and Equihash (Zcash, Bitcoin Gold) have since been designed to resist ASIC mining, hence why GPU mining (and sales for Nvidia) remains a popular venture, for now.
Eco is in it to win it and is designed to go head - to - head with bitcoin, gold and fiat money for daily global payment transactions.