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What are the differences between Bitcoin Gold's hard fork and SegWit2X's hard fork?

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October 26, 2017 | 

1281 Views | 

Joanna Newman | 

Get Into Cryptocurrency Trading Today

The hard fork that gave birth to Bitcoin Gold and that has already occurred, does not look like the one that will take place around November 18 and is called SegWit2X.

The first was a clear separation from the original Bitcoin, and therefore created a new Altcoin. The aim was for Bitcoin Gold, to make the technology more efficient and thus solve the problem of centralization of minors and changing the proof of work.

The new proof of work should give users the opportunity to use their processor to mine.

For SegWit2X, the separation will not be as clear as for Bitcoin Gold or Cash and it's not about creating a new Altcoin.

This is an update, the developers had to make technical choices and the separation may be less well and there may be losses of funds for example.

What is SegWit2X?


blockchain


There are three big groups that make Bitcoin work:










CoinbaseKrakenBitPay



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Who owns the consensus and who should decide?













What problems will cause the SegWit2X?












Buy & Sell Cryptocurrency Instantly

TAGS: NEWS INFO BITCOIN SEGWIT2X HARD FROK

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