Published On: Mon, Oct 23rd, 2017

What You Need to Know About the Bitcoin Gold Fork

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Bitcoin Gold (BTG) is due to fork from Bitcoin on block 491407 and all holders of Bitcoin can be credited an equal amount of BTG to their BTC. The new coin is being launched as a response to ASIC dominance.
Bitcoin Gold is the latest Bitcoin fork with the split occurring on Bitcoin block 491407. The coin is seen by the developers as a response to the ASIC driven monopoly of the main Bitcoin chain. As with the previous Bitcoin fork for Bitcoin Cash (BCH), as long as you are holding Bitcoin in your own software wallet when the split occurs you will automatically receive an equal amount in Bitcoin Gold (BTG).
Users with Bitcoin in hardware wallets or who have them on exchanges wishing to also receive BTG would need to check with their wallet manufacturer or exchange to find out if they plan to support Bitcoin Gold.
Bitcoin Hardware Wallets

In a recent blog post Trezor announced that although their devices support Bitcoin Gold, users won’t be able to do anything other than holding it. Users can choose to export their BTG, however, that is not a procedure they recommend. The coins will therefore not be available …

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