Within days, we could have three versions of bitcoin, including Bitcoin (BTC), Bitcoin Cash (BCH), and Bitcoin Gold (BTG). Whats the difference between these three cryptocurrencies? Will BTG actually launch? Find out everything you need to know about BTC vs BCH vs BTG including how to take advantage of the upcoming hard fork.

Its entirely possible that there will be four total versions of bitcoin within the next few weeks. If all proposed hard forks are successful, then well have four separate bitcoin versions, including:

Of course, theres also a reasonable possibility that well have just two versions of bitcoin, including the two we have today:BitcoinandBitcoin Cash.

Bitcoin Gold isscheduled to forkfrom the mainbitcoin blockchainat block 491407.

The block is scheduled to take place on or around October 25, 2017.

How does BTC vs BCH vs BTC break down? How do the three versions of bitcoin compete against each other? Heres a basic overview:

Theres a total supply of 21 million tokens for BTC, BCH, and BTG (if launched, B2X will also have a total supply of 21 million)

All versions of bitcoin use a proof of work (PoW) algorithm; BTC, BCH, and the proposed B2X all use SHA256, while Bitcoin Gold uses Equihash

The two versions of bitcoin, including BTC and BCH, all use ASIC mining hardware, while BTG uses GPU-based mining hardware

All versions of bitcoin, including the proposed BTG and B2X, have a block interval of 10 minutes

BTC and BTC have a block size of 1MB (2 to 4MB actual), whileBitcoin Cashhas an 8MB blocksize (8MB actual) and SegWit 2x bitcoin (B2X) would have a 2M block size (4 to 8MB actual)

Difficulty adjustments take place every two weeks on BTC, BCH, and the proposed B2X, while with BTG, the difficulty is adjusted with every block

Ultimately, the point ofBitcoin Goldis to solve a crucial problem in the world of bitcoin: it plans to make mining decentralized again. Today, one of the biggest criticisms of bitcoin is its centralized mining pool, which threatens to ruin the democratic foundation of the currency. Bitcoin Gold sees itself as a return to Satoshi Nakamotos original vision for the currency, where one CPU meant one vote. Centralized, largescale mining is one of the few issues with bitcoin that werent predicted in Satoshis original whitepaper, and it remains one of the biggest issues in the cryptocurrency community today.

Bitcoin(BTC) andBitcoin Cash(BCH) can be purchased from most major exchanges. Obviously, Bitcoin is the easiest to purchase, and you can do that from just about anywhere.

How do you get Bitcoin Gold (BTG), the newcomer to the scene? BTGs initial coin distribution method is exactly the same as the one used by Bitcoin Cash. All bitcoin holders who possess BTC private keys on October 25 (block 491,407) will receive Bitcoin Gold at a rate of 1 BTC = 1 BTG. In order to make Bitcoin Gold transactions, youll need to control BTC private keys.

In laymans terms, that means you need to get your bitcoin off an exchange if you want to own Bitcoin Gold on November 25.

Weve already seen a number of articles on the internet talking about how you can double your bitcoin with the launch of Bitcoin Gold. Other people ask us how they can get free bitcoin after thehard fork.

In reality, you can certainly double your bitcoin during any hard fork, because you have the opportunity to hold both bitcoin (BTC) and Bitcoin Gold (BTG), simultaneously. However, thevalueof your bitcoin is never doubled. Youre just holding the private key that represents two different spots on the bitcoin blockchain.

Obviously, you should always hold your bitcoins in a place where you retain control of your private key regardless of whether you plan to support Bitcoin Gold.

BTC vs BCHvs BTG could be one of the biggest points of contention in the bitcoin community in the near future. Or, if Bitcoin Gold (BTG) doesnt have mining support, then this hard fork could be a total non-issue. Of course, some people said the same about Bitcoin Cash and BCH is still alive and kicking today.

Stay tuned for the potential launch of Bitcoin Gold on October 25!

[vc_btn title=Most Popular Cryptocurrency Expert Reveals All color=juicy-pink size=lg align=center i_icon_fontawesome=fa fa-btc button_block=true add_icon=true m%2Fbest-crypto-trading-tipstitle:Most%20Popular%20Cryptocurrency%20Expert%20Reveals%20All]

MiniApps MAT ICO Messenger Chatbots For Business Blockchain?

Can Blockchain DLT Change The World Much Like The Internet Has?

B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read oureditorial policiesand follow us onTwitter, Join us inTelegram. Stay tuned. bitcoin

Find Us:Telegram\\Facebook\\Twitter\\Live Prices\\Todays News\\Bitcoin 101\\$BTC/USD Chart Analysis

[Author Alert] The authors opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

[Domain Disclosure] The crypto-community content sourced, created and published on BitcoinExchangeGuide should never be used or taken as financial investment advice. Under no circumstances does any article represent our recommendation or reflect our direct outlook. We b-e-g of you to do more independent due diligence, take full responsibility for your own decisions and understand trading cryptocurrencies is a very high-risk activity with extremely volatile market changes which can result in significant losses.Editorial Policy\\Investment Disclaimer

can you please clarify on BTG ? I now own less than 1 bitcoin at coinbase will that mean i will get equal amount of BTG ?

@Rajkumar: You mean coinbase owes you some bitcoin. They have your coins in their addresses, and their address now has the same amount of BTG (and BCH) as it does BTC. When a fork happens, Coinbase does not keep the forked coins, but they are not releasing them to users at this time for safety reasons. At some point in the future they will send them to you, but who knows what they will be worth at that time.

What happens to people who were holding it in their hardware wallets?

Save my name, email, and website in this browser for the next time I comment.

Leading Bitcoin Expert: This Crypto Market Bull Run Is Just Getting Started

The worlds most popular cryptocurrency expert, Teeka Tiwari, is all set for hosting his free live crypto event tonight, at 8PM EST / 5PM…

Ethereum Developers Test More Capacity As Network Gets Congested and Fees Rise

The Ethereum network is too clogged these days. This one of the most unfortunate side-effects of creating a successful network. As time passes, they…

Bank of America Becomes Newest Member of the Marco Polo Blockchain

Bitcoin Needs Optimal Regulations Before Major Exchange Listings, SEC Chair Affirms

Chilean Central Bank Governor: Central Banks Digital Currencies Can Be Issued Without Blockchain

Square Crypto Beefs Up Developer Roster, Adds on Libra and Lightning Network Members

Jack Dorseys Square Crypto is on its way to create its dream team. The company, which is a crypto-focused subsidiary of Square, a payment…

Argo Blockchain Mining Company Plugs In 1,000 New Mining Rigs, Bringing Total to 6,000 Units

The crypto mining company Argo Blockchain recently installed 1,000 mining machines on its Bitcoin mining facilities. According to reports, these new machines will take…

Patrick Byrne Sold all of his Overstock Shares to Invest in Cryptocurrencies and Gold

Gold, silver, & cryptos are hedge against the failing economy Pressure from Govt. led to digital dividend delay Patrick Byrne, 56, the former CEO…

Binance to Create Fiat-to-Crypto OTC Platform Aimed at Chinese Market

Binance, one of the largest crypto exchanges in the world, is currently considering to open up an over the counter (OTC) trading desk on…

Bitcoin Hash Rate Reaches A New High After Surpassing 102 Quintillion Setting A New Network Milestone

Bitcoin network appears to be growing strong day by day. The latest reports show that Bitcoin networks hash rate has reached a new high…

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe onGoogle News,see themissionauthorseditorial links policyinvestment disclaimerprivacy policy. GotNewsContact us, we are human too.Note: nothing here is financial advice, do your own research thoroughly.

The World Will be Forced into Crypto, Just a Matter of…

Bitcoin Prices Sharp Drop Not A Matter Of Concern As Long…

Get Ready For Bitcoins Jump to $20,000, Says Arthur Hayes As…

Square Crypto Beefs Up Developer Roster, Adds on Libra and Lightning…

Binance to Create Fiat-to-Crypto OTC Platform Aimed at Chinese Market

Former tZero and Casper Labs Advisor Arrested by FBI Over a…

Ethereum Developers Test More Capacity As Network Gets Congested and Fees…

Ripple Powered MoneyTap Receives TRUSTe Personal Info Protection Authentication Certification

Tron Foundation Reveals the Future Plan for Tron: How Will it…

Daily crypto news and coin market analysis must-be used for informational purposes only and is never intended to act as financial advice. Please see our third-party link policy for more details.

Bitcoin Exchange Guide is a hyperactive hybrid of heavy-handed cryptocurrency content curation creators from christened community contributors who focus on delivering todays bitcoin news, cryptoasset user guides and latest blockchain updates.