Quick jump
Hello and welcome to this blog post about Bitcoin Gold BTG White Paper. I am very excited to know that you are interested in this amazing technology, you will be going to amazed by the incredible potential of the blockchain.
There is a lot to learn about this futuristic tech, lets get started to dive into the Bitcoin Gold BTG white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.
The aim of this blog post is to help you quickly understand about the philosophy behind the Bitcoin Gold (BTG).
I can ensue you that, you will be able to understand every bits and pieces related to Bitcoin Gold (BTG) after going through the Bitcoin Gold BTG white paper.
Without wasting any further time lets get started to dive right in and lets understand white paper first.
What is white paper?
A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.
A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.
Bitcoin Gold BTG White Paper
Bitcoin Gold BTG white paper will be going to provide you, all the information that is needed to get started with Bitcoin Gold (BTG), including the inspiration for creating, the problem it is trying to solve and the solution proposed by Bitcoin Gold (BTG).
Abstract
“Bitcoin Gold is a community-led project to create an experimental hard fork of Bitcoin to a new proof-of-work algorithm. The purpose for doing this is to make Bitcoin mining decentralized again.
Satoshi Nakamoto’s idealistic vision of “one CPU one vote” has been superseded by a reality where the manufacture and distribution of mining equipment has become dominated by a very small number of entities, some of whom have engaged in abusive practices against individual miners and the Bitcoin network as a whole.
Bitcoin Gold will provide an opportunity for countless new people around the world to participate in the mining process with widely-available consumer hardware that is manufactured and distributed by reputable mainstream corporations.
A more decentralized, democratic mining infrastructure is more resilient and more in line with Satoshi’s original vision. Perhaps, if the Bitcoin Gold experiment is judged by the community to be a success, it may one day help build consensus for a proof-of-work hard fork on Bitcoin itself.”
White Paper Link: Bitcoin Gold (BTG) White Paper
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