Bitcoin Gold
Price
BTG
About Bitcoin Gold
As the name implies, Bitcoin Gold is a token built on Bitcoin fundamentals. It was created in 2017 as a friendly version of bitcoin. It is not a strange occurrence on the blockchain. Some currencies would develop sub-tokens that cater to different needs and sometimes appeal to other markets.
The price to purchase a Bitcoin gold coin starts at $16.61, and the coon has a market cap value of $291,646,375.04. On most Cypriot analysis platforms, Bitcoin gold coins make their top 200 cryptocurrency ranking. The token also has a trading volume above $3.6 million.
Bitcoin Gold Features and Updates
Although bitcoin gold was developed using the original blueprint, several factors make bitcoin gold unique. Since Bitcoin gold was created to be the better currency, it has been used to experiment and find solutions to some flaws of Bitcoin.
Proof-of-work algorithm
Like the original bitcoin, bitcoin gold uses a proof-of-work algorithm but uses an improved version that overturns bitcoins issues with scalability. This new algorithm will start a new age for PoS on the blockchain.
Open-source protocol
From the choice of mining tools, it is evident that Bitcoin gold is about giving people a more user-friendly platform other than bitcoin. The open-source protocol feature allows their developers to be a part of decision-making and governance in the blockchain.
Availability
Bitcoin gold is one of the original Bitcoin's first sub-projects, which boosted it to become well-known by international locals. However, the token does not claim to be better than bitcoin or is a replacement for Bitcoins. BTG coins have gained recognition among other servers and online browsers. Hence, they are available for wide exchange rates on several cryptocurrency platforms and wallets.
Bitcoin Gold Team
The creation of Bitcoin gold is a result of teamwork from a group of crypto enthusiasts led by Hang Jin, one of the co-founders. Hang Jin started working at Google before graduating from college in 2015 and working at bitcoin gold in 2017. Another co-founder, Martin Kuvandzhiev, studied computer engineering at a technical university. His career started as a waiter at Mcdonalds' before he started teaching as an assistant professor in 2015. In 2016, his first job as a developer was as a team lead for IOS.
How it works
Bitcoin gold is mined with Graphics Processing Units (GPU) rather than ASICs. Mining coins using ASICS has advantages because ASICs have an algorithm that funds its operations, but bitcoin gold decided on another method to uphold those values of decentralization.
The Bitcoin gold team found that ASICs mining was much more favorable to a few big players, which could make their platform centralized. However, GPUs were found to be more accommodating to the masses, maintaining a decentralized platform.
Catch up on the latest crypto market news at The Currency Analytics. Bitcoin will be rendered useless once quantum computing advances.
Catch up on the latest crypto market news at The Currency Analytics. Bitcoin will be rendered useless once quantum computing advances.
After pulling data from Benzinga Pro the following is the list of top crypto gainers and losers at the time of publication:
After pulling data from Benzinga Pro the following is the list of top crypto gainers and losers at the time of publication:
As cryptocurrencies draw more interest from institutional investors, here are 7 cryptos to sell for a variety of reasons.
As cryptocurrencies draw more interest from institutional investors, here are 7 cryptos to sell for a variety of reasons.
Bitcoin Gold price predictions are being sought out by investors hoping that the altcoin will prove a lucrative alternative to pricey Bitcoin.
Bitcoin Gold price predictions are being sought out by investors hoping that the altcoin will prove a lucrative alternative to pricey Bitcoin.
Crypto is moving up again, but most coins are only riding Bitcoin's momentum. Drop these cryptos to sell before they plummet back to Earth.
Crypto is moving up again, but most coins are only riding Bitcoin's momentum. Drop these cryptos to sell before they plummet back to Earth.
Bitcoin Gold (BTG/USD), a cryptocurrency that came to be after a Bitcoin (BTC/USD) hard fork in 2017, has been performing well despite the overall bearish sentiment in the crypto market. With most coins in the top-10 list of leading cryptocurrencies, including BTC, bleeding today, BTG opened the day with substantial gains. Earlier today, the coin […] The post Bitcoin Gold (BTG) surges by more than 10% as its user base expands appeared first on Invezz.
Bitcoin Gold (BTG/USD), a cryptocurrency that came to be after a Bitcoin (BTC/USD) hard fork in 2017, has been performing well despite the overall bea
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