Questions about Bitcoin Gold

Short answers, pulled from the story.

When did Bitcoin Gold launch as a hard fork from the main bitcoin blockchain?

Bitcoin Gold launched on the 24th of October 2017. This event marked the creation of a new cryptocurrency that split from the existing bitcoin network to change mining mechanics.

Why did the creators design Bitcoin Gold to allow regular graphics cards to mine instead of specialized hardware?

The developers aimed to decentralize the process by making it accessible to everyday users with standard PC components. They intended for people to earn rewards from home computers rather than purchasing expensive Application-Specific Integrated Circuits.

What happened during the 51% hashing attack against Bitcoin Gold in May 2018?

An unknown actor manipulated the transaction ledger and spent digital coins multiple times during this breach. Approximately 388,000 BTG tokens were stolen from various exchanges, holding a value of roughly US$18 million at the time of the theft.

How did the second 51% attack on Bitcoin Gold in January 2020 affect the network security architecture?

A vulnerability exposed in that event led to an emergency software update released in July 2020. That update was version 0.17.2 and it addressed a long attack chain that had been building for several days prior to stop ongoing exploitation attempts.

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