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Bitcoin Gold (BTG) is a new cryptocurrency that's separated from the bitcoin blockchain earlier today, and that has been rather controversial since it was introduced. Recently, on Twitter, the project's developer team said that its website was the subject of a "massive DDoS attack", which managed to shoot it down.
Bitcoin Gold, as explained Jimmy Song, developer of bitcoins, was introduced rather abruptly by Jack Liao, a Bitcoin miner based in China. Its goal is to create a resilient ASIC operating ecosystem in which the gap between GPU / CPU extraction and ASIC extraction is smaller.
As some have pointed out, however, similar alterations to the Bitcoin protocol have been made in the past by altcoins that have not really succeeded. After the hard fork, BTG now plans to distribute cryptocurrency to anyone holding Bitcoin when it has occurred.
Massive DDoS attack on our cloud site. 10M requests per minute. We work with suppliers to ban all IP addresses. We will be up soon!
– Bitcoin Gold (@bitcoingold) October 24, 2017
Those who want to keep track of the problems of cryptocurrency have been unable to attack it on his website because the blockchain is not yet public and there is no still block explorers – information on BTG is now rare. At the time of going to press, despite a tweet from the team claiming that the attack had been dealt with, NCC could not access the Bitcoin Gold website.
Distributed Denial of Service (DDoS) attacks are quite common against crypto-currency projects, especially the more controversial ones. Bitcoin Gold has been relatively controversial because some have pointed out that BTG uses a process that will privately create cryptocurrency before it's open-source and available to the public. On Github, it was pointed out that the developers have allowed themselves a period of premixing with minimal difficulty, which has led users to doubt the cryptocurrency development team.
Moreover, the Bitcoin Gold code base would be "not in a functional state" to the point that some exchanges, including Bittrex, refused to support cryptocurrency and add it to their flat -form.
The BTG team did not add information about the attack, but in response to his tweet claiming that the situation had been handled, users decided to seize the risk of "replay", evoking the risk of transaction problems arising when two incompatible versions of bitcoin blockchain are not able to distinguish each other.
Have you resolved replay protection issues?
– ismailakyuz (@ismailakyuz) October 24, 2017
Image from Shutterstock.