Bitcoin Gold slated for Sunday release date, readies coin airdrop

Bitcoin Gold is set to go live on Sunday the 12th of November alongside a formal software client that will be available for download.

As Bitcoin faces uncertainty as to whether its community will elect to proceed with the apparently canceled SegWit2x fork, recipients of Bitcoin Gold can expect an airdrop this weekend as the most recent Bitcoin fork prepares to go live.

The developers behind Bitcoin Gold have announced that the new cryptocurrency will go live at 7:00 PM UTC on the 12th of November – this after the hard fork was expected to yield the new altcoin in a public launch initially slated for November 1st.

Read: Bitcoin’s SegWit2x fork is canceled thanks to insufficient support

The launch will ‘airdrop’ new coins to participants who owned Bitcoin at the time of the split, which occurred upon the Bitcoin blockchain at block 491,407. Whether traders will be able to access the cryptocurrency, however, depends on the medium where they have stored their Bitcoin.

Not all exchanges nor wallet platforms have received Bitcoin Gold with open arms – several vendors have announced that they will preclude their support for the cryptocurrency until it fully implements replay protection, which the developers of Bitcoin Gold only announced recently.

In a statement, Bitcoin Gold’s developers commented that “We are extremely grateful for the community around the world who have been contributing hash power to our testnets; besides patiently testing their own mining process, they allow exchanges, pools, wallet developers, and all other service operators to implement and test their support of BTG so that the bitcoin gold community can have a full suite of services at launch time.”

Bitcoin Gold is backed by LightningASIC – a mining-hardware vendor based in Hong Kong – as well as several other developers. The cryptocurrency was created in a bid to restrict the use of specialized processors for mining and to correspondingly ‘thwart’ the influence of large-scale mining firms.

Read: As Bitcoin booms, the Winklevoss Twins’ investment could close in on $1 billion dollar value

What are your thoughts? Let us know your opinion in the comments below!

Related Articles

Ronaldo slapped with class-action lawsuit over Binance promo

Christiano Ronaldo is facing a class action lawsuit over his NFT collection promotion in partnership with Binance.

Binance proceedings spark regulatory debate

Following the Department of Justice's case against Binance and former CEO Changpeng "CZ" Zhao, Columbia professor speaks out.

CZ is a substantial flight risk according to the DOJ

In court filings, prosecutors from the Department of Justice have sought to overrule judge's decision to allow CZ to return to the UAE.

BlackRock meets with SEC regarding spot BTC ETF

BlackRock and Nasdaq representatives met with the SEC to discuss allowing a spot Bitcoin exchange-traded fund (ETF).

See All