Cryptocurrency Bitcoin Gold (BTG)
The price for Bitcoin Gold (BTG) cryptocurrency is currently 17.66 $ (15 min delay),
daily range of currency change is 17.12 - 18.00 .
Last 24 hours news: trading volume - 8.64M $, price variance +0.45% .
The highest trading volume belongs to the pair BTG/KRW at the Upbit exchange
Project Website - https://bitcoingold.org/
Explorer of transactions - https://explorer.bitcoingold.org/insight/
Twitter Account - https://twitter.com/bitcoingold
Chart Bitcoin Gold (BTG)
|Current price Bitcoin Gold (btg)||17.66 $|
|Market Capitalization||303.95M $|
|Trading Volume last 24h||5.34M $|
|Minimum exchange rate (24h)||17.02 $|
|Maximum exchange rate (24h)||17.44 $|
|Market cap rank||№ 141|
|Absolute maximum||456.25 $|
|Absolute minimum||4.25 $|
Bitcoin Gold Quotes
|0.09%||4.60M $||2023-02-07 20:58:29|
|0.14%||166.00K $||2023-02-07 20:51:20|
|0.18%||164.17K $||2023-02-07 20:55:54|
|0.47%||120.57K $||2023-02-07 20:58:20|
|0.24%||117.18K $||2023-02-07 20:59:51|
What is Bitcoin Gold (BTG)
Bitcoin Gold hopes to change the paradigm around mining on the Bitcoin blockchain. According to the founders, the Bitcoin blockchain has become too centralized. Large companies with huge banks of mining computers now mine the vast majority of Bitcoin. For the founders of Bitcoin Gold, having large companies control the Bitcoin network defeats the purpose of a decentralized ledger and peer-to-peer currencies. In response, theyâve initialized the Bitcoin Gold project. Itâs an alternate fork of the Bitcoin blockchain that implements changes that make mining more equitable.
The goal of Bitcoin Gold is to create a network where anyone can become a miner with only basic hardware. As a result, Bitcoin Gold mining would be spread among many miners, instead of a few large companies.There have several features such as decentralization. Bitcoin Gold decentralizes mining by adopting a PoW algorithm, Equihash-BTG, which cannot be run on the specialty equipment used for Bitcoin mining (ASIC miners.) This gives ordinary users a fair opportunity to mine with common GPUs. Besides, there have fair distribution. Hard forking Bitcoinâs blockchain fairly and efficiently distributes 16.5 million BTG immediately to people all over the world who have interest in cryptos.
Other methods, such as creating coins with a new genesis block, concentrate ownership within a small group. There also have a replay protection. To ensure the safety of the Bitcoin ecosystem, Bitcoin Gold has implemented full replay protection and unique wallet addresses, essential features that protect users and their coins from several kinds of accidents and malicious threats. Most new mineable cryptocurrencies involve ASIC-resistant hashing algorithms, and itâs becoming something of an industry standard to promote decentralization. In that respect, Bitcoin Gold holds a lot to be excited about. At its core, itâs about transitioning the Bitcoin network to more decentralized mining.
However, as we saw above, thereâs not much evidence that the current Bitcoin mining system is broken. There have been some small complaints, and itâs not ideal that the network is so centralized. Nevertheless, miners on Bitcoin have a lot to lose if they wield their power too aggressively. There are also new entrants to the Bitcoin mining community that are decentralizing control from a few key ASIC farms. The general consensus from Bitcoin experts is thereâs not enough new in Bitcoin Gold to warrant an independent investment. While it certainly doesnât hurt to hold onto your free BTG that you receive as a result of the fork (if you owned Bitcoin before Oct 24), wait until the dust settles before deciding whether to buy more."