Once more, Bitcoin has been forked to create a new cryptocurrency called Bitcoin Gold, although the virtual cash experience a troubled birth due to the cyber-attack on launch day.
Bitcoin was forked early this year, with the birth of Bitcoin Cash last August, and Bitcoin Gold has now come with the aim of making currency mining more accessible affair for individuals as opposed to the behemoth mining operations with a super-powerful hardware.
The Telegraph reports the unfortunate DDoS attack on the website of the golden variant of Bitcoin launched on Tuesday.
Bitcoin Gold announced on Twitter:
Dealing with disruption
The attack took almost three hours to be successfully dealt with, and even at that point, Bitcoin Gold said it would take more time o begin operating normally. That’s quite a disruption for the opening day.
But yesterday, the website was fully back, but Bitcoin Gold value fell heavily from around $500 at launch to about $150 yesterday, and it is currently sitting at $122.
Not the best of start, but honestly, there is a long road ahead.
Bitcoin Cash is currently valued at $339, whereas Bitcoin itself is valued at $5,940 according to Coin Market Cap at the time of filing this report.
Since the spring, such has been the explosion in Bitcoin value. It is hardly surprising that cryptocurrency, especially Bitcoin has been attracting so much attention from miners buying up graphics cards, to different website employing sneak means of mining virtual coins using the CPUs of site visitors.
There are several cryptocurrencies out there and people are queuing into it maybe because they are making a lot of money from it. Bitcoin is also pushing to get accepted throughout the world, but it is yet to get breakthrough concerning this.