Want to know about Bitcoin Gold as well as the Bitcoin Gold Explorer? You’re in for a ride.
Since the hard fork that led to the birth of Bitcoin Gold happened, the Bitcoin community has been critical of the new cryptocurrency which had caused the price of Bitcoin to be reduced somehow. This new cryptocurrency had garnered attention with so many people taking sides. Some of these have been positive while some has also been negative. There are also those who do not subscribe to the view of an alternative cryptocurrency which many people believe may compromise the concept of availability of Bitcoin as this is believed to be a vital determinant of the currency’s value.
Just like Bitcoin Cash, Bitcoin Gold (BTG) is an altcoin with the same blockchain history as Bitcoin. The idea is to once again decentralize Bitcoin mining and already, many Bitcoin trading exchanges have been adding BTG trading pairs and crediting their users with Bitcoin Gold balances although these sites are trading on future or IOU for BTG. People are on standby for when the hard fork will eventually happen as the currency grows by the day.
BTG is set to become a better coin than BTC as it will hash blocks with a new proof-of-work algorithm. Users can then have the opportunity to start mining with their CPU same as with GPU, with the hope of using the Equihash system. The algorithm is not based on SHA-256 and is ASIC-resistant. BTG hard forked in October and though this does not imply it has been launched, the BTC’s blockchain froze on that day so the new BTG could build new blocks on it. The launch date was stipulated for November and now, it is officially launched.
The Bitcoin Gold Explorer
The Bitcoin Gold Explorer is a web tool with which users can access block, addresses as well as transaction information on the BTG blockchain. The platform has an API that enables users and applications the possibility of pulling out data from the network even without a local wallet. You can easily access addresses on the blockchain ad can easily find out which ones are the richest. The web tool further provides info with charts displaying block difficulty against height, block-find time, block count, block size as well as the Bitcoin Gold price, all of these in real-time. Users can also view the blocks to determine when transactions took place, the block hash, the amount and then, the number of recipients as well as the timestamp. With the search bar available on the website, you can also search for blocks using the height, count hash, block hash or address and the tool will search the blockchain and display your results.
If users would like to access information on transactions executed on the BTG blockchain, the Bitcoin Gold Explorer can also perform this. This can be done by easily searching the purchase you want to identify by typing either of the block height or address into the search bar after which your results will be displayed.