Bitcoin Gold was launched on November 12th and faced severe attacks on its mainnet network. These attached forced the network to be shut down and restarted once management had sorted out the problems. Big events, such as launching a peer-to-peer network, are always accompanied with a lot of attention, and not all the attention is positive.
The Bitcoin Gold network released a statement regarding their progress after the initial launch and explained how people are reacting to the release of the new blockchain. The Bitcoin Gold chain was accepted by the miners and was heavily mined in the first few days after the hard fork. The interest of miners gradually faded as it was initially considered that Bitcoin Gold blockchain would be very easy to mine.
Bitcoin Gold uses a per-block difficult adjustment algorithm that maintains a 10-minute block time average and adjusts the difficulty of mining the blocks according the interest of the miners. This is done so that Bitcoin Gold does not over-attract hashrates and provides a more stable form of investment. The statement released by Bitcoin Gold network states that digital wallets support the blockchain and allow trading between users. More support will be provided to the investors as time goes on and the network believes that the transaction volume will gradually increase in the future.
For future improvements, the Bitcoin Gold network will be releasing a detailed guide to explain the process of mining Bitcoin Gold and an official web forum to support the users of Bitcoin Gold.
As Bitcoin Gold is a new cryptocurrency, it is logical to understand that exchanges are cautious about investing. The exchanges will not trade Bitcoin Gold until it is proved that the network is stable and safe. Bitcoin Gold network further explained that they are a target for impersonation and the investors should be careful and deal with only authentic partners, who can prove their link with the original network.
Bitcoin Gold is growing steadily
The Bitcoin Gold network released a statement regarding their progress after the initial launch and explained how people are reacting to the release of the new blockchain. The Bitcoin Gold chain was accepted by the miners and was heavily mined in the first few days after the hard fork.