Bitcoin Gold (BTG) Releases New Version of Wallet to Meet Hard Fork Changes

BTG users should upgrade their wallets to ElectrumG 3.2.1., which maintains most of the key functions of the previous version.

Bitcoin Gold (BTG) has released an updated version of its wallet ElectrumG due to the hard fork changes made last week. Users should update their wallets to ElectrumG 3.2.1. version, Bitcoin Gold Organization said on Tuesday.

Several days ago, Bitcoin Gold claimed its first successful hard fork, that implemented new mining algorithm in an attempt to keep away ASIC miners and prevent double-spend, or 51%, attacks. To meet the system changes, Bitcoin Gold Organization, the body developing BTG, upgraded the wallet.

The new wallet version is the so-called Production version, different from the planned Beta one, which is put on hold due to the hard fork.

“This version does not include support for hardware wallets, which will be added in an upcoming Beta. Hardware wallet support was initially planned for the 3.2.1 release, but needed to be delayed in favor of rolling out support for the Network Upgrade,” Bitcoin Gold Organization said in a statement.

The 3.2.1. release maintains most of the functions of the previous version such as cold storage and invoice functions.

ElectrumG is the BTG version of the Electrum Bitcoin Wallet. It is based on Simple Payment Verification (SPV) system, which means user computers do not need to validate every BTG transaction and to store the entire blockchain. ElectrumG uses lightweight block headers and the SPV functionality to verify payments with private keys, remaining in the user computer.

Bitcoin Gold is currently the 28th largest cryptocurrency with more than $462 million market capitalization. It was traded at $27 for BTG1, down 11.23%, as at 10:23 UTC on Wednesday.

Bitcoin Gold was created as a hard fork from Bitcoin (BTC) in October 2017 with the aim to allow ordinary miners to use their computers for “creating” coins and to stop the process of mining monopolization by several big players that is typical for BTC.