Bitcoin Gold Price

Introduction to Bitcoin Gold (BTG)

Bitcoin Gold is a cryptocurrency that was created on October 25, 2017, via a hard fork from Bitcoin. Its primary aim is to address the increasing centralization of Bitcoin mining. Bitcoin Gold uses the Equihash algorithm, which is unfriendly to ASICs (Application-Specific Integrated Circuits) and encourages the use of GPUs (Graphics Processing Units) for mining, thereby reducing the control of large miners over computing power.

Basic Information

• Name: Bitcoin Gold
• Abbreviation: BTG
• Total Supply: 17,513,924 BTG
• Algorithm: Equihash
• Type: Proof of Work (PoW) coin
• Official Website: bitcoingold.org
• Github Account: github.com/BTCGPU
• Reddit Community: reddit.com/r/BitcoinGoldHQ
• Twitter Account: twitter.com/bitcoingold
• Facebook Page: facebook.com/bitcoingoldofficial

Features

• Decentralization: By using the Equihash algorithm, it avoids ASIC monopolies and promotes GPU mining for better decentralization.
• Independent Network: Bitcoin Gold operates on its own independent network and rules, without affecting the normal functioning of Bitcoin.
• Replay Protection: Bitcoin Gold has a replay protection mechanism to prevent transaction conflicts with Bitcoin.
• Community Support: Bitcoin Gold was created by a team of enthusiasts with diverse backgrounds and skills, aiming to provide a favourable environment for DeFi and DApp developers.

History

Bitcoin Gold was led by CEO Lie Xiang of Hong Kong-based mining company LightningASIC and launched on October 25, 2017. Its founding team includes Hang Yin and Martin Kuvandzhiev, who are committed to innovating in the cryptocurrency space.