Bitcoin Gold BTG
$33.577 2.43%
Latest Updates
Updated at 12:55$588,065,402.62
#114
$16,557,063.53 139.77%
-$0.8155 2.43%
-$3.0443 9.07%
What about Bitcoin Gold?
Bitcoin Gold (BTG) is a hard fork of the original Bitcoin. This cryptocurrency was created in 2017 to enable decentralized mining and to address the concentration of China-based miners who controlled most of Bitcoin's computing power. BTG operates on the same algorithm as Bitcoin — namely, the proof-of-work consensus protocol. This means that anyone with sufficient computing power can mine BTG and earn rewards for successfully mined blocks. What sets BTG apart from other cryptocurrencies is its commitment to decentralization: this crypto utilizes the efforts of miners that are more widely scattered across the globe. In addition, thanks to replay protection implemented by BTC Gold, transactions remained secure on both blockchains after the fork had occurred. As such, investors can confidently embark upon this new form of digital currency investment without any concerns about their monetary safety.
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Bitcoin Gold (BTG) Overview
Described by its development team as the cryptocurrency “for everyone, for everything,” Bitcoin Gold (BTG) is an experimental hard fork of Bitcoin (BTC), brought to the crypto world in 2017.
The digital asset BTG is built upon the fundamental principles of Bitcoin, while introducing a distinctive approach to mining. BTG mining is done through regular GPUs (graphic processing units), rather than specialized ASICs (application specific integrated circuits).
GPU mining allows for wider participation, bringing back decentralization and independence. It distributes mining rewards globally, reducing the dominance of ASIC warehouse owners and revitalizing the network effects seen in early Bitcoin.
The Bitcoin Gold network enhances and extends the crypto space by introducing a blockchain, closely compatible with Bitcoin's features, such as SegWit and the Lightning Network. However, it avoids utilizing resources like Bitcoin's hashpower.
BTG serves as a Friendly Fork, offering a crypto coin that is user-friendly and straightforward to implement, while also allowing ample room for innovative concepts. This approach has allowed the Bitcoin Gold project to foster a flourishing economy and ecosystem.
Bitcoin Gold is enhanced by the Lightning Network, allowing for nearly unlimited transactions per second. This is referred to as a "second layer" solution built on top of the primary blockchain. Second layers and side chains enable technologies, such as fast-running smart contracts, protected by the underlying BTG mainchain.
Bitcoin Gold is traded on a wide variety of exchanges, and is easily supported by several online browsers, crypto wallets, and financial service providers.
The live Bitcoin Gold price with real-time updates is available through the interactive chart above. See the current market cap (market capitalization), 24-hour trading volume, and recent price change of Bitcoin Gold (BTG).
Besides offering the latest data on the price of Bitcoin Gold, our crypto exchange offers handy swap services, allowing you to trade BTG coins for other cryptocurrencies, such as Bitcoin Cash, Binance Coin, and many others, at a profitable exchange rate.
Also, our cryptocurrency exchange lets you buy Bitcoin Gold coins with classic payment methods, including a debit card, credit card, wire transfer, and more. Changelly is a well-established crypto company that caters to different needs of digital asset users.
How Does Bitcoin Gold Work?
Bitcoin Gold is one of the multiple hard forks of the original Bitcoin blockchain. Its overriding goal is to make mining more accessible to everyone. It uses a new proof-of-work (PoW) algorithm called Equihash-BTG, also known as Equihash (144,5) or Zhash.
The Equihash algorithm promotes fairness and prevents centralized mining control. Unlike traditional mining algorithms, Equihash is resistant to specialized mining hardware called ASICs, which often gives an unfair advantage to a few large mining operations. This means that anyone with a basic computer or graphics card can mine Bitcoin Gold, making it more inclusive and decentralized.
The Equihash PoW algorithm solves complex math puzzles. Miners compete to solve these puzzles by trying different combinations until they find the correct one. When a solution is found, a miner can add a new block to the Bitcoin Gold blockchain and receive Bitcoin Gold coins as a reward.
This algorithm promotes a fair distribution of mining power and prevents a single entity from controlling the network, allowing individuals to participate and contribute to the security and stability of the Bitcoin Gold network.
View the current Bitcoin Gold price and the latest BTG price statistics on the interactive chart above. Our BTG converter allows you to easily calculate the conversion rate of BTG to BTC and other coins.
How Do BTG and BTC Differ?
Bitcoin Gold (BTG) and Bitcoin (BTC) are two prominent cryptocurrencies, but they have distinct characteristics that set them apart.
Purpose
Bitcoin (BTC) is a digital currency created as a decentralized, peer-to-peer payment system. Bitcoin Gold (BTG) was created as a fork of Bitcoin with the aim of making mining more accessible to everyday users and promote decentralization.
Mining Algorithm
BTC employs the SHA-256 algorithm, whereas BTG utilizes Equihash. This difference allows BTG to be mined using mainstream GPUs, making it more accessible for individual miners and reducing the dominance of specialized mining hardware.
Total Supply and Block Size
BTC has a limited max supply of 21 million coins, while BTG has an initial supply of 21 million coins as well, but aims for a more decentralized distribution. BTC has a block size of 1MB, whereas BTG initially had a block size of 1MB as well, but later increased it to 32MB to accommodate more transactions.
Replay Protection
BTG introduced replay protection to prevent transactions on the BTC network from being replayed on the BTG network. This ensures that the two chains remain separate and distinct from each other.
Fork Date
Bitcoin (BTC) has been around since its creation in 2009. Bitcoin Gold (BTG) was launched as a hard fork of Bitcoin in October 2017, aiming to improve certain aspects of the original Bitcoin.
Community and Adoption
BTC has a larger community and wider-scale adoption globally, making it the most recognized and accepted cryptocurrency. BTG, being a relatively newer cryptocurrency, has a smaller community and lesser adoption compared to Bitcoin.
Market Value
Thanks to its more established position, Bitcoin (BTC) has a significantly higher market capitalization and trading volume compared to Bitcoin Gold (BTG).
Security
In terms of security, Bitcoin is considered more secure than Bitcoin Gold. Bitcoin Gold has been targeted in multiple attacks against exchanges, although subsequent attacks have been prevented thanks to the actions of the Bitcoin Gold mining and developer communities. Updates such as the release of BTG v0.17.3 have improved the network's cybersecurity.
What Are BTG's Main Goals?
Bitcoin Gold is a unique combination of the inherent properties of Bitcoin’s original cryptocurrency with an innovative approach to mining.
Bitcoin Gold's main goals revolve around addressing scalability issues Bitcoin struggles from by implementing changes to its underlying technology. The BTG network strives to democratize the mining process by introducing a new mining algorithm accessible to a broader range of participants, reducing the influence of specialized mining hardware.
The Bitcoin Gold platform intends to improve transaction processing times by implementing innovative features and optimizations. Currently, BTG allows for faster transaction times. While Bitcoin can handle five transactions per second (tps), Bitcoin Gold produces up to 27 tps.
Our interactive Bitcoin Gold price chart provides real-time data and allows users to track the price movements and historical trends of the BTG coin.
How Did Bitcoin Gold (BTG) Start?
Bitcoin Gold (BTG) is a digital asset that emerged as a result of a hard fork of the original Bitcoin token. It was created to address concerns regarding the centralization of Bitcoin mining. Bitcoin Gold was officially announced on July 20, 2017, and the fork occurred on October 24, 2017.
The co-founders of Bitcoin Gold are as follows:
Jack Liao: a prominent figure in the cryptocurrency space and the CEO of Lightning ASIC, a Hong Kong-based mining hardware company. He proposed the idea and concept of Bitcoin Gold.
Robert Kuhne: an IT specialist who played a significant role in the Bitcoin Gold project, primarily in the development of the mining algorithm Equihash, which aims to make mining more accessible to individual miners and decentralize the network.
Martin Kuvandzhiev: a software engineer and expert in blockchain development who assisted in the implementation and codebase of Bitcoin Gold.
View Bitcoin Gold's price in USD on the interactive chart above. It provides a wealth of information regarding the BTG coin performance at the cryptocurrency market. Our smart chart also comes with a detailed Bitcoin Gold price history that provides valuable data on how the cryptocurrency has performed over time, enabling users to make informed investment decisions based on past market trends and fluctuations.
For example, the BTG price history shows that the Bitcoin Gold all-time high was $539.72 (the highest price paid for the crypto), while the Bitcoin Gold all-time low was $2.54 (the lowest price paid for the crypto). The average price of Bitcoin Gold today is $22.6, with a current circulating supply of 17.51M BTG tokens. Read our Bitcoin Gold BTG price prediction to get insights into the potential movements of Bitcoin Gold prices.
What Is the Current Price of BTG Today?
Changelly offers an interactive chart that reflects the live BTG-USD price with real-time updates and comprehensive Bitcoin Gold price market statistics. We provide access to the latest data of the BTG token performance, including the Bitcoin Gold market cap (market capitalization), 24 hour trading volume, and recent price change.
Our handy Bitcoin Gold price chart also includes the Bitcoin Gold price history that allows users to track the fluctuations and trends in the BTG price over time. Through it, you can easily see the all-time low and all-time high price of the BTG coin.
To decide if the BTG token is a good investment for you, do not hesitate to read our Bitcoin Gold BTG price prediction. This Bitcoin Gold prediction forecasts the future performance of the crypto asset based on various crypto market analyses and indicators.
However, our Bitcoin Gold price prediction is not guaranteed because the crypto market is highly volatile and is affected by different factors, such as market sentiment, regulatory changes, technological advancements to the Bitcoin Gold network, and global events, such as economic crises or geopolitical tensions.
The Bitcoin Gold markets may also be influenced by factors specific to the cryptocurrency industry. These include the emergence of new competitors, changes in mining difficulty, and overall market demand for alternative cryptocurrencies. Therefore, it is important to conduct thorough Bitcoin Gold price analysis and follow Bitcoin Gold news before you decide to buy crypto.
Along with offering the live price of BTG today, our platform also allows you to easily swap BTG coins for other cryptocurrencies, like Binance Coin or Bitcoin Cash, at a superior exchange rate. More than that, through our crypto exchange platform, you can buy BTG and other digital assets with traditional payment methods, where transactions are processed with a blazing speed and utmost security.
This text is for informational purposes only, and it does not provide any investment or financial advice. To achieve your investment targets, it is always best to conduct a fundamental and technical analysis of the crypto project and consult with a professional financial advisor.
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