Read
Edit
History
Notify
Share
Bitcoin Gold
Bitcoin Gold (ticker symbol: BTG) is a hard fork of the original open-source cryptocurrency. It is also a cryptocurrency with Bitcoin fundamentals which is mined on common GPUs instead of specialty ASICs[1][2].
Distribution & Transparency
Besides the goal of "re-decentralizing" bitcoin, bitcoin gold's developers focused on issues related to distribution, protection, and transparency. According to the bitcoin gold website it states that “hard forking bitcoin's blockchain efficiently distributes a new digital asset immediately to people all over the world who have interest in cryptocoins”.
Exchange
According to the bitcoin gold website in 2018, “the cryptocurrency was trading live on Bithumb, Bitfinex, Binance, Bittrex, HitBTC, Uphold, YoBit, Gate.io, Changelly, Shapeshift, BitBay (cryptocurrency), Abucoins, Change Now,Evercoin, Tdax, Bitsane, Bitstarex, QuadrigaCX, Cex.io, Okex, Anybits, BestRate, Bitmarket, Indacoin, CoinSwitch, and Unocoin”.
Purpose of bitcoin gold
The purpose of Bitcoin Gold is to make Bitcoin mining decentralized, where the manufacture and distribution of mining equipment has become dominated by a very small number of entities[1].
By changing Bitcoin’s proof-of-work algorithm from SHA256 to Equihash, all of the specialized SHA256 mining equipment will be obsolete for mining the Bitcoin Gold blockchain[3].
Bitcoin Gold provides an opportunity for countless users around the world to participate in the mining process with widely-available consumer hardware that is manufactured and distributed by reputable mainstream corporations[4].
Bitcoin Gold
Feedback
Did you find this article interesting?
Twitter Timeline
Loading
Related Articles
IQ token
The IQ token is a cryptocurrency dedicated to building a more int...
Ethereum
Ethereum is an open-source, decentralized blockchain network powe...
Monero (XMR)
Monero is a digital currency that provides a high degree of anony...
ImgnAI
ImgnAI is a cryptocurrency-powered platform utilizing artificial ...
Media
REFERENCES
[1]
[2]
[3]
[4]