Bitcoin Gold Website Down Following DDoS Attack

A website that serves as a central hub for a newly created cryptocurrency project went down today shortly after a successful, scheduled launch.

AccessTimeIconOct 24, 2017 at 1:00 p.m. UTC
Updated Sep 13, 2021 at 7:04 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

A new cryptocurrency called bitcoin gold (BTG) officially separated from the bitcoin blockchain this morning – and the project's website has been under denial-of-service attacks ever since.

Aiming to be a more egalitarian derivative of the popular cryptocurrency, one able to be mined with less specialized hardware, the first step on the bitcoin gold roadmap was to take a "snap shot" of the blockchain as a means of a creating a replica with new rules. As detailed in CoinDesk's explainer, BTG now plans to distribute free cryptocurrency in such a way that it is available to anyone holding bitcoin at the time of the fork.

Not long after this process initiated, however, the developer team began reporting challenges:

"Massive DDoS attack on our cloud site. 10M requests per minute. We are working with the providers to ban all the IPs. We will be up soon!"

But hours later, it seems like the website is still being bombarded, preventing those who wish to keep track of the cryptocurrency's progress. Complicating matters is that the new blockchain is not yet public, and block explorers or other common tracking tools have yet to be released.

Still, denial-of-service attacks are a common occurrence in the launch of cryptocurrency projects, especially those that prove controversial or divisive, and bitcoin gold meets this definition. Behind the project is Hong Kong-based LightningAsic CEO Jack Liao, who is openly critical about bitcoin mining in its current form, and the companies that profit from the activity.

It's probable that his opinions could make bitcoin gold a target for attacks, but as well as this point of contention, the project has been the cause of some other criticism.

Namely, BTG uses a process by which cryptocurrency will be privately created before it is open-sourced to the public. This process has been the cause of volatile discussion on developer channels, and has caused some to distrust the cryptocurrency.

There's a few other sources of outrage – including that bitcoin gold hasn't quite solved the risk of "replay attack" – which refers to transaction complications that may arise when two incompatible versions of the bitcoin blockchain are unable to distinguish each other.

That said, the cryptocurrency is still under development, and there has yet to be official word from the project on the cause of the outage.

Broken keyboard via Shutterstock

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.