Another new Bitcoin ‘hard fork’ could result in more duplicate balances as regulators only begin to get to grips with Bitcoin Cash.
Bitcoin GPU, also known as Bitcoin GOLD and BGOLD with the symbol BTG, is planning to fork off the main chain and use an ICO to “help BTG chain the longest Bitcoin Blockchain.”
“Bitcoin GPU is a full node implementation of the Bitcoin protocol,” its website, which curiously features the Bitcoin Cash logo, states.
“GPU mining can protect Bitcoin Key value: Decentralize.”
The first Bitcoin fork, Bitcoin Cash, has become sufficiently widespread to warrant regulatory involvement from the US Securities and Exchanges Commission as Bitcoin holders received duplicates of their original BTC holdings.
Once forked from block number 478558, the assumption from commentators is that balances will double again, creating what trader Vortex refers to as “more free money.”
So I guess we are getting more free money. A friendly fork called BGOLD is going to launch soon. https://t.co/LaiefrizSP via @TechBalt
— Vortex [#NO2X] (@theonevortex) August 29, 2017
Nonetheless, the Bitcoin GPU exhibits some suspicious characteristics, with its website written in barely comprehensible English and lacking complete information.
“For too long, Bitcoin has been held back by the centralize (sic) mining industry,” the site continues.
“GPU brings Bitcoin into the modern age with an exciting technological roadmap to enable massive on-chain scaling well into the future with decentralize (sic).”
All links to technical specifications and other destinations revert back to the homepage.
A second hard fork of Bitcoin was previously expected to occur only in November with the advent of SegWit2x.