Bitcoin Gold blockchain was officially launched Sunday, November 12, 2017, at 19:00 UTC, as scheduled.
The main purpose of the new digital currency is to “make mining more decentralized.”
“Bitcoin Gold will provide an opportunity for countless new people around the world to participate in the mining process with widely-available consumer hardware that is manufactured and distributed by reputable mainstream corporations,” a note on the cryptocurrency’s website explains.
“A more decentralized, democratic mining infrastructure is more resilient and more in line with Satoshi’s original vision,” the statement reads.
According to Coinmarketcap, Bitcoin Gold futures were trading at $273.54 at 10:30 p.m ET, down more than 36 percent for the session.