*Based on CoinMarketCap Adjusted Volume

LATOKEN Press Release Follows

LATOKEN Partners with Bitcoin Gold, Top 30 Crypto By Market Cap

LATOKEN, a Top 10 cryptocurrency exchange and the largest IEO market, partners with Bitcoin Gold, Top 30 cryptocurrency by market cap. Since August 5 the following three trading pairs will be available for trading and withdrawals on LATOKEN: BTG/USDT, BTG/BTC, and BTG/ETH.

Alejandro Regojo, BTG Board Member and Co-Founder commented on the listing: “In a few short years, LAToken has developed a full-featured and advanced platform trusted by numerous startups and investors. Providing new liquidity and trade conduits for novel financial assets, LAToken is meeting crucial needs in the expanding crypto economy. I share the BTG Community’s appreciation for being added as one of LAToken’s traditional cryptocurrency assets, and we welcome them to our ecosystem”.

“We are glad to welcome on LATOKEN such well-know coin as Bitcoin Gold and to make our contribution to its adoption among traders”, added LATOKEN CEO Valentin Preobrazhenskiy.

Bitcoin Gold joins a growing list of major cryptocurrencies LATOKEN has been bringing onto its exchange platform over the past months, including Dash, Litecoin, Zcash, and TRON.

About LATOKEN

LATOKEN is the largest IEO market and top digital assets exchange, pioneering security tokens markets. LATOKEN launched one of the fastest ERC20 decentralized exchange, LADEX, and is building LACHAIN for security tokens market and HFT DEX.

Entrepreneurs looking for funding can benefit from LATOKEN IEO Launchpad, recognized as #1 IEO provider by researching firm InWara. Since 2017 LATOKEN connected 130+ startups with 400,000 platform users and 1,5 million visitors per month. Traders on LATOKEN get access to 350+ digital assets with the opportunity to connect using RESTful or WebSocket APIs.

Learn more about LATOKEN: https://latoken.com

About Bitcoin Gold

BTG is a cryptocurrency with Bitcoin fundamentals, mined on common GPUs instead of specialty ASICs. BTG enhances and extends the crypto space with a blockchain closely compatible with Bitcoin (with SegWit and Lightning Network) but without using resources like Bitcoin hash power or vying for the “real Bitcoin” title.

Bitcoin Gold is an open-source project by the community for the community. Our code is freely available on Github, where you can follow or contribute to development. Many coin-related services also provide API support and plugins for developers to use.

Learn more about Bitcoin Gold: https://btgofficial.org/

We want to share with the community that Jack Liao, who first inspired the Bitcoin Gold Project, is stepping down from the Board. His future involvement will be limited to an Advisory capacity. Jack Liao is a colorful individual and a force of personality who brought vision, energy, and an extensive network in the crypto community to the project. He was the first founder of the Bitcoin Gold project and helped build the team of six co-founders.

Jack inspired us and encouraged us to do something ambitious. For that, we will be eternally grateful. At this time, Jack wants to focus his time in other endeavors, encouraging competition and diversity in the crypto space, and his continuing as CEO of his company, LightningASIC. We wish him good luck in all his future endeavors.

We also want to share that fellow member of the Board and Lead Developer, H4x3rotab, has decided to publicly share his identity. While we will all still know him as H4, he is no longer anonymous. Hang Yin studied Computer Science at Fudan University and was, until recently, a Google software engineer. He has given up his role at Google to focus all his time into crypto-related work, especially the BTG project, and will continue to serve as a member of the Board and as Lead Developer.

The other members of the Board remain, which means five of the six members of the Board are also co-founders of the project (listed here.) Our overall team has grown a great deal since our start in 2017, bringing in fresh energy and ideas. We’re excited to see growing attention and new interest from the crypto developer community – we’ll always welcome new contributors. We’re looking forward to sharing the next year of our journey with our growing Community!

Gratefully, most sincerely, and with best wishes,
The Board of the Bitcoin Gold Organization
#1CPU1Vote

[EDIT: revised for clarity.]

Join the discussion at forum.btgofficial.org

The BTG blockchain has been performing wonderfully since the successful Network Upgrade last week. If you’re using our ElectrumG wallet, make sure you update to the latest version, published last week:

ElectrumG 3.2.1

ElectrumG 3.2.1 is a stable release and is fully compatible with the recently Upgraded Bitcoin Gold Network.

What is ElectrumG?

ElectrumG is our version of the popular Electrum Bitcoin Wallet, modified for BTG. It’s is a full-featured wallet that’s easy to use for beginners but provides many advanced features – including invoices, multisig wallets, cold storage, and a rich set of functionality for advanced users and developers.

Most importantly, ElectrumG is very quick to load and very lightweight, consuming a lot less disk space than a full node wallet.

How’s it so Lightweight?

Unlike a “full node” wallet, ElectrumG on your computer doesn’t validate every BTG transaction and maintain a full copy of the BTG blockchain, so it doesn’t need hundreds of gigabytes of space on your computer. Instead, it relies on lightweight block headers and uses SPV (Simplified Payment Verification, as described in the Bitcoin Whitepaper) to verify payments. Like any SPV wallet, ElectrumG relies on ElectrumX servers for some functions, such as receiving new block headers, or broadcasting new payments after they are signed – but the private keys used to sign those transactions never leave your computer. You remain in complete control of your private keys.

Production vs Beta

The current production version, ElectrumG 3.2.1, was released just before the Network Upgrade hardfork. The wallet and back-end ElectrumX servers were upgraded to remain functional after the fork. This version does not include support for hardware wallets, which will be added in an upcoming Beta. (Hardware wallet support was initially planned for the 3.2.1 release, but needed to be delayed in favor of rolling out support for the Network Upgrade.)

Free and Open Source!

ElectrumG will continue to be free and open-source, with ongoing development and support provided by the Bitcoin Gold Organization. (See the full source code on GitHub.)

The Bitcoin Gold Organization also hosts and maintains a globally distributed set of ElectrumX servers, which were upgraded for the Network Upgrade.

We’d like to thank Spesmilo (Electrum) and Kyuupichan (ElectrumX) for their hard work on the Electrum projects over the years, as well everyone else in the Open Source Community that has contributed to the creation and growth of projects like these.

We’ll continue to work hard to provide the kind of software users want, the services developers need, and to continue expanding and supporting the Bitcoin Gold Ecosystem.

Working hard and making progress,
The Bitcoin Gold Organization
#1CPU1VOTE

Where do I get it?

ElectrumG 3.2.1

Please report Issues on GitHub or the Forum.

Feature List

Beyond a pleasant interface, ElectrumG provides users with a full suite of functions:

• seed recovery phrases, a secure system which is more user-friendly than hexadecimal codes
• wallet encryption
• multi-signature wallets, for cases where control of funds needs to be distributed
• easy import of Bitcoin address or private keys
• cold storage – the ability to create and sign raw transactions offline and then broadcast
• invoicing functionality

In the near future, ElectrumG will also include:

• hardware wallet connectivity, so you can use ElectrumG while keeping your private keys on a hardware wallet like Trezor, Ledger, or KeepKey

For developers, ElectrumG provides:

• a powerful command line interface
• ability to use cold storage with the command line
• a GUI Python console
• an ElectrumG daemon for scripted uses, such the ability to accept BTG on a website with signed payment requests

Unlocked: New PoW, Equihash-BTG
Unlocked: New DAA, LWMA

The Network Upgrade was a success, the blockchain is stable, and all partners can resume regular activities – including returning confirmation requirements to pre-fork levels.

Now delivering: greater safety, greater stability, and renewed ASIC resistance

It has been a long, hard couple of weeks, but we made it!

For anyone who doesn’t yet know:

Equihash-BTG, our new Proof of Work algorithm, can’t be mined by current ASIC miners, but can be mined by GPUs. So, this kicks them out of our pools.

The new algorithm also comes with personalization that makes it harder to re-direct mining power through a “hashrate market.” The recent “51%” attacks, which may or may not have involved ASIC miners, were channeled through hashpower rental markets – but with this change in PoW, there’s no longer a rental market for the algorithm we’re using, and it’s harder to set one up than before. This means more safety.

Meanwhile, LWMA, our improved Difficulty Adjustment Algorithm, makes our blockchain more responsive to shifts in hashpower so that the block time is more stable. The GPU hashpower market has become more liquid than it used to be, with more miners adopting “auto-switching” in pursuit of profit instead of supporting specific coin projects. As a result, hashpower can move quickly after a price move in one of several coins, leading to unstable block times. With our improved algorithm, the blockchain adjusts more quickly, providing a steadier flow of blocks.

Both improvements are up and running as expected.

A few technical notes about the new PoW algorithm, Equihash-BTG, are in order. It consumes vastly more memory than traditional Equihash, so ASICs are no longer able to mine, but GPUs with 3GB VRAM or more can keep working. It’s also important to understand that the new algorithm is about 15 times harder, so each miner produces about 1/15th as much hashrate as they did before. This means that our pre-fork network hashrate of 25 to 30 MSol should be expected to decrease to between 1.6 and 2.0 MSol – which is precisely the range where we stabilized after the hardfork! We’re delighted to see we’ve had no net loss of miners due to the PoW change!

The new Difficulty Adjustment Algorithm also appears to be performing just as well as we hoped. At the time of the Upgrade, the Difficulty was intentionally dropped* down sharply, so the initial 45 blocks after the hardfork came rapidly – just under 2.5 minutes per block. Then the new DAA kicked in (when the required 45-block averaging window filled up) and began adjusting the Difficulty upwards based on the block time, bringing the average block time up to the 10-minute target within a day.

Safety and stability. Two great improvements that everyone can appreciate!

In the three days since then, the block rate has been much more consistent than it was before, both because of our escape from the volatile hashpower rental market, and because of a better-balanced and more responsive DAA. On top of that, the removal of the rental market means the removal of a major attack vector, resulting in massive improvements in safety and stability. That’s two great improvements that everyone can appreciate!

A Bit of Thanks

We’re grateful to our diverse pool of miners – and our network of mining pools – for working hard to get through this critical period. Now that the blockchain is stable, it’s safe for all our partners, including exchanges, to resume regular activity. Everything is back to normal, so it’s time to get back to work – including reopening wallet systems and returning confirmation requirements to pre-fork levels.

Everything is back to normal, so it’s time to get back to work.

We appreciate the hard work and confidence shown by all our partners – miners, pools, exchanges, wallets, explorers, merchant services – this upgrade kept everyone busy before and after the fork, and we thank them all for their diligence. Any partner experiencing any difficulties is more than welcome to reach out to the team for assistance.

Up Next – Great Things!

We know that this a milestone, not an endpoint. It’s just a waypoint we pass on the way to better things. And though a lot of us have been focused on this hardfork, others have continued working other projects – so we have many great things to share with the Community in the coming days and weeks!

Looking forward with excitement,
The Bitcoin Gold Organization
#1CPU1VOTE

*The Difficulty was dropped to compensate both for the harder Equihash-BTG mining, and to compensate for an inevitable temporary reduction in miners at the time of the transition due to miners needing to shut down, make changes, and start up again.

Join the discussion at forum.btgofficial.org