Cryptocurrency Q&A
What algorithm is Bitcoin Gold?
What algorithm is Bitcoin Gold?
ethan_lewis_journalist
Tue Dec 03 2024
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7 answers
1877
I'm trying to understand the technical background of Bitcoin Gold. Specifically, I want to know which algorithm it uses. Can someone explain this to me in simple terms or provide more detailed information about it?
7 answers
Chiara
Thu Dec 05 2024
The Equihash algorithm is different from the SHA256 algorithm used by Bitcoin.
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charlotte_wright_coder
Thu Dec 05 2024
Bitcoin Gold aims to address the issue of power concentration in the mining sector.
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Raffaele
Thu Dec 05 2024
To achieve this, it will introduce a new proof-of-work algorithm called Equihash.
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Ilaria
Wed Dec 04 2024
BTCC, a top cryptocurrency exchange, offers a range of services including spot, futures, and wallet.
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Bianca
Wed Dec 04 2024
This change is significant because it renders all ASICs designed for Bitcoin ineffective for mining Bitcoin Gold.
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