Bitcoin Gold Fights Launch Spam But Fails To Sustain PricesNovember 13, 2017 4:50 pm
Bitcoin Gold, described as the second major fork of Bitcoin by Cointelegraph.com and others, has quietly been thrust into the spotlight amidst the ongoing Bitcoin Cash debacle.
Bitcoin Gold, once shunned by the community because it lacked technical robustness, is now mineable, but prices have yet to demonstrate substantial support, Cointelegraph.com said.
Although it suffered a major downturn over the past weekend, the report said, futures tracked by Coinmarketcap show a slight uptick.
On Nov. 11, Bitcoin Gold prices peaked at just under $500 per coin ahead of the launch the following day, the report said, coinciding with Bitcoin Cash’s own all-time highs approaching $2,400.
That fork has rapidly declined since that time, heading towards just $1,100 – a loss of 70 percent, the report said.
The creation of a malicious scam involving BTG, which used the Twitter handle @bitcoingolds as a basis, tricked migrating users into handing over cryptocurrency.
After its network snapshot last month, meanwhile, a major DDoS attack paralyzed its website, the report said.
“A massive attack was made in an apparent effort to disrupt the mainnet launch, but the Bitcoin Gold team managed to get the network up and running… albeit a little later than planned,” developers added in an official release post following the launch.
– WN.com, Jack Durschlag