The cryptocurrency market will have an addition in the next few days, as the bitcoin might introduce a “younger brother”, Bitcoin Gold (BTG).

RBC.ru reports that the cryptocurrency’s creators scheduled a fork for October 25, which will separate bitcoin chains in blockchain. If the fork is successful, BTG can repeat the success of another bitcoin clone, Bitcoin Cash (BCH) that was born in another fork, held in early August.

Experts believe that the main objective of the fork is to create an analogue to bitcoin, which can be mined by higher number of people, thus decreasing the influence of large mining farms. Creators of Bitcoin Gold want to use a new algorithm that will destroy the monopoly of the mining farms.

The prediction is that BTG might cost anywhere between several hundreds and several thousands of dollars.

The upcoming fork already affected bitcoin rates. The main global cryptocurrency experienced an almost double rate growth in October and surpassed the point of USD 6,000 for the first time ever on October 20.

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