What will be the future of Bitcoin Gold?
According to the bitcoin gold website, the cryptocurrency maintains ambitious plans for expansion into the future. In the first quarter of 2018, for instance, the website says its goals including "open source libraries integration" with BitcoinJS, BitcoinJ, and CoPay, as well as "academic and university collaboration" and "design and rebranding," including a refreshed website.
In the second quarter of 2018, the digital currency aims to integrate a lightning network and decentralized mining through P2Pool. There is also a plan to integrate a debit card program and other payment systems integrations.
By the end of 2018, the cryptocurrency aims to develop "sidechains and cross-chain atomic swaps" as well as a number of meet-ups and developer conferences, university outreach, and more. Looking ahead to 2019, the cryptocurrency has its sights on private transactions and scholarship or research support.
Over the longer term, bitcoin gold will conduct research on smart contracts and blockchain democracy, as well as develop a decentralized fiat-crypto brokerage network. (See also: How Did Bitcoin Gold Prices Perform in 2017?)
Bitcoin gold developers are conscious of the connections between this cryptocurrency, its parent bitcoin, and the broader digital currency world. As such, they indicate that "the core improvements we're working on are all of the great interest in the broader bitcoin and crypto worlds, not merely for bitcoin gold." They said some of these unilaterally applicable improvements may include scalable ways to address hard forks, "smart voting mechanisms," and decentralized decision-making for the development of the digital currency.
Investing in cryptocurrencies and Initial Coin Offerings ("ICOs") is highly risky and speculative, and this article is not a recommendation by Investopedia or the writer to invest in cryptocurrencies or ICOs. Since each individual's situation is unique, a qualified professional should always be consulted before making any financial decisions. Investopedia makes no representations or warranties as to the accuracy or timeliness of the information contained herein. As of the date, this article was written, the author owns bitcoin and ripple.
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