On October 25, Bitcoin will undergo another hard fork following the recent Bitcoin Cash hard fork. This time Bitcoin Gold will emerge as a result of the fork. You will be able to receive Bitcoin Gold in an equal amount to the amount of Bitcoin you hold after the fork just like what happened with Bitcoin Cash. The price for Bitcoin Gold will be extremely volatile and you will probably see multiple pumps and dumps as some may decide to sell all their Bitcoin Gold. As you can already tell the situation is forecast to be similar to the Bitcoin Cash hard fork.Jack Liao is leading the way for Bitcoin Gold. He is the founder of  the Hong Kong mining firm called LightningASIC. What he aims to do is to issue an upgraded protocol that is almost identical to Bitcoin Cash in order to further the plan Satoshi had in the beginning.

Proof-of-Work

Bitcoin Gold will shift its proof-of-work from Bitcoin's SHA-256 to Equihash. Equihash is a memory aligned proof-of-work, which is designed so that the amount of RAM you havedictates how much mining you are able to do. It is an algorithm that is ASIC resistant and optimized for GPU mining. This is great for people who do not have miners as you will be able to mine with just your GPU.The default block size to mine will be set to 1 megabyte, however, miners will be free to select the size of blocks they want to mine. Bitcoin Gold will also incorporate replay and wipe out protection.

Current Developments

Bitcoin Gold is poorly coordinated at the moment and there are a handful of issues they need to solve. This is alarming as we are coming closer to the hard fork which comes in 20 days from this blog's posting. It plans to release a testnet for the network in two weeks which is quite late.One disappointing factor is that Bitcoin Gold doesn't solve some issues Bitcoin has such as high transaction costs, scaling and block size due to the fact the Bitcoin Gold also applies the same difficulty adjustment as Bitcoin and doesn't include an emergency difficulty adjustment. Bitcoin Gold has been neglecting more important issues that need to be solved.

How to Claim Your Bitcoin Gold on Exchanges?

To be able to claim your Bitcoin Gold you will need to move your Bitcoins in an exchange that will support Bitcoin Gold before the 25th. Bitcoin Gold will be listed on exchanges on November 1. Bitfinex, BitStar and BitExchange are the only exchanges that has confirmed listing Bitcoin Gold so far so look out for news on exchange listing.If you want to get some Bitcoins you can head over to HitBTC to buy some. If you would like to start mining check out this miner. You can start mining at MinerGate once you get your miner.Please note that I am not a financial expert. I am simply sharing my opinions on the topic. Do not take my words as financial advice. Always do your own research.