Bitcoin Gold (BTG) is an innovative cryptocurrency that has earlier this month split from bitcoin blockchain. BGT has somewhat been debatable from the
Bitcoin Gold (BTG) is an innovative cryptocurrency that has earlier this month split from bitcoin blockchain. BGT has somewhat been debatable from the day it was announced. Lately, the project’s developer team went on twitter to announce that its website was experiencing a massive DDoS attack, which they managed to suppress.
Jimmy Song, a bitcoin developer, said that Bitcoin Gold was announced quite abruptly by Jack Liao, a China-based bitcoin miner. Its objective is to develop an ASIC-resilient mining ecosystem whereby there is a reduction in the gap between ASIC mining and GPU/CPU mining.
As indicated by others, altcoins have in the past developed similar variations to Bitcoins protocol that did not succeed that much. As a result of the hard folk, BGT currently intends to hand out the cryptocurrency to all those who were holding bitcoin when it happened.
The official page of Bitcoin Gold [BTG] (@bitcoingold) recently tweeted: “Huge DDoS attack on our cloud site. 10Million requests each minute. We are collaborating with the providers to bar every IP. We will be up soon!”
People trying to follow up on the cryptocurrency problems are unsuccessful due to the attack on the website. Since blockchain has still not gone public and there is a lack of block explorer at the moment, there is limited information on BGT. During a press conference, despite an earlier tweet by the team announcing that the attack had been controlled, CNN was unable to access the Bitcoin Golds website.
Cryptocurrency projects are rather prone to Distributed Denial of Service (DDoS) attacks and in particular the controversial attacks. Bitcoin Gold is reasonably controversial, some parties have argued that BTG utilizes a process that creates cryptocurrency behind closed doors before it becomes open-source and accessible by the public. Discussions on Github have alluded that the developers designated themselves a premining session with insignificant challenges, which made users be suspicious of the cryptocurrency development team.
Furthermore, the Bitcoin Gold’s codebase is allegedly not in an operational state to the extent that given exchanges such as Bittrex, failed to support and add the cryptocurrency to their platform.
The BGT team has not released any further details on the attack. Following up on the tweet announcing that the attack had been managed successfully, users opted to inquire on the replay attack risk, pointing out the risk of transaction hitches caused by the failure by the two incompatible versions of bitcoins blockchain to distinguish each other.