Bitcoin Gold fights against the monopoly of ASIC, struggles for its decentralization

Bitcoin Gold is one of the most recognized Forks of BTC worldwide, particularly famous in China, standing out for its stability and its quality of decentralizing its mining, allowing anyone with a CPU and an Internet cable to access the currency, exposing his goal of approaching Satoshi Nakamoto's dream of being the world's currency.

However, this dream is constantly threatened by companies that want to centralize mining processes, seeking to expand the gap between high-income and low-income miners, causing miners who can only access their CPU to lose influence in the cryptocurrency markets by competing with equipment designed solely for mining.

This war of methods to undermine is a struggle that has been taking place since the invention of the ASIC, worrying the investors and miners of each virtual currency. The first battle took place because of the dominance of BTC, where even the ASIC miners continue to gain ground and expel those who can not compete with them.

When observing what happened with the first digital currency in the world, the others reacted to defend their community, opting in common to modify their code to guarantee competitiveness within their markets, giving rise to a state of decentralization. It should be noted that each one makes different modifications, this time we will explain the response of BTG.

Custom Mining Algorithm

Currently uses the algorithm known as Equihash, being the most used among the forks of BTC, for example, Zcash, ZenCash, Komodo, Bitcoin Private. This code has been threatened for a month, with the announcement of Bitmain, the main production company of ASIC, announcing its plans to launch a device capable of mining cryptocurrencies with this algorithm.

The concern is born of the fear of ending up as BTC, with a monopoly that expels the miners who can not access this high-cost technology.

The response of the BTG developers was to develop an adaptation of this algorithm, unique to this cryptocurrency. This creation will be called Equihash-BTG, demanding higher memory levels in the device to solve the mathematical equations, causing mining to not be centralized. In this way, the ASIC teams created to undermine this algorithm will not be able to work with the new update.

Before launching it into the chain, they are performing tests on isolated segments of control.