BTG
Reputation Ratings

BTG

Bitcoin Gold 5-10 years
Cryptocurrency
Website https://bitcoingold.org/
Browser
OTH RELPs
Github
White Paper
BTG Avg Price
+6.77%
1D

$ 31.5 USD

$ 31.5 USD

Market Cap

$ 395.295 million USD

$ 395.295m USD

24h trading volume

$ 9.791 million USD

$ 9.791m USD

7d Vol

$ 33.375 million USD

$ 33.375m USD

Circulating supply

17.513 million BTG

Related information

Issue Time

2017-10-24

Platform pertained to

--

Current price

$31.5USD

Market Cap

$395.295mUSD

Volume of Transaction

24h

$9.791mUSD

Circulating supply

17.513mBTG

Volume of Transaction

7d

$33.375mUSD

Change

24h

+6.77%

Number of Markets

78

Github Messages

More

Warehouse

None

Github's IP Address

[Copy]

Codebase Size

2

Last Updated Time

2017-12-06 18:45:51

Language Involved

--

Agreement

--

Token conversion

BTC
LTC
XRP
DASH
XMR
XLM
USDT
XEM
ETH
WAVES
ETC
NEO
ZEC
MIOTA
EOS
BCH
BNB
TRX
LINK
ADA
XTZ
REV
FIL
THETA
ZIL
HT
SNX
CEL
VET
INO
CRD
USDC
BSV
CRO
WBTC
ATOM
LEO
BUSD
DAI
HEX
XT
CCXX
IZE
YFI
DOT
UNI
AAVE
DYDX
/
USD
AUD
BRL
CAD
CHF
CLP
CNY
CZK
DKK
EUR
GBP
HKD
HUF
IDR
ILS
INR
JPY
KRW
MXN
MYR
NOK
NZD
PHP
PKR
PLN
RUB
SEK
SGD
THB
TRY
TWD
ZAR
AED
BGN
HRK
MUR
RON
ISK
NGN
COP
ARS
PEN
VND
UAH
BOB
ALL
AMD
AZN
BAM
BDT
BHD
BMD
BYN
CRC
CUP
DOP
DZD
EGP
GEL
GHS
GTQ
HNL
IQD
IRR
JMD
JOD
KES
KGS
KHR
KWD
KZT
LBP
LKR
MAD
MDL
MKD
MMK
MNT
NAD
NIO
NPR
OMR
PAB
QAR
RSD
SAR
SSP
TND
TTD
UGX
UYU
UZS
VES

Current Rate0

Available

0.00USD

Calculate

BTG Price Chart

Introduction

Markets

3H

+4.02%

1D

+6.77%

1W

+11.03%

1M

+111.55%

1Y

-47.53%

All

-63.75%

AspectInformation
Short NameBTG
Full NameBitcoin Gold
Founded Year2017
Main FoundersJack Liao, Robert Kuhne, Alejandro Regojo
Support ExchangesBinance, Bitfinex, HitBTC, Bittrex, OKEX, etc.
Storage WalletTrezor, Ledger, CoolBitX, Coinomi, etc.

Overview of BTG

Bitcoin Gold (BTG) is a type of cryptocurrency that came into existence in 2017. It was founded by Jack Liao, Robert Kuhne, and Alejandro Regojo. Bitcoin Gold is a hard fork of the original open source cryptocurrency, Bitcoin. The intention behind Bitcoin Gold was to democratize the mining process, making it accessible to more participants by replacing Bitcoin's algorithm with one that could enable mining on common graphics processing units (GPUs).

Being a tradeable cryptocurrency, Bitcoin Gold is globally available on various crypto exchanges such as Binance, Bitfinex, HitBTC, Bittrex, OKEX and more. To securely store BTG, a variety of digital wallets are available, including Trezor, Ledger, CoolBitX, and Coinomi among others. As with any cryptocurrency, understanding its particular process, technology, and market status is crucial for potential investors.

overview

Pros and Cons

ProsCons
Decentralized mining processBTG price volatility
Accessibility to GPU miningSecurity issues in the past
Supported on numerous exchangesDependent on the performance of Bitcoin
Widespread wallet supportBTG acceptance isn't widespread
website

What Makes BTG Unique?

Bitcoin Gold (BTG) exhibited innovation in its creation by altering the original Bitcoin algorithm to democratize the mining process. As a result, it initiated a decentralization of the mining process that had become dominated by a few large entities in the Bitcoin network.

The primary distinction is that Bitcoin Gold uses the Equihash-BTG algorithm that opens the door for greater participation by allowing for mining on standard computer graphics processing units (GPUs). This compares to Bitcoin's SHA-256, which typically requires specifically designed, costly, and energy-intensive hardware. Consequently, Bitcoin Gold fosters a more accessible and equitable mining environment.

CIRCULATION

How Does BTG Work?

Bitcoin Gold (BTG) operates on a proof-of-work blockchain, similar to Bitcoin. However, while Bitcoin's proof-of-work mechanism uses the SHA-256 algorithm, Bitcoin Gold utilizes the Equihash-BTG algorithm. This creates a different mining environment, where rather than requiring specific, hard-to-obtain hardware, users can mine using readily available graphic processing units (GPUs).

The Equihash-BTG algorithm enables the decentralization of the mining process, providing opportunities for individual miners or smaller mining operations to contribute to the network. This is an effort to democratize the mining process, allowing wider participation in the maintenance of the BTG network. Mining involves solving complex mathematical problems, and the first miner to solve the problem gets the right to add a new block to the blockchain and is rewarded with BTG.

In terms of transactions, Bitcoin Gold functions similarly to Bitcoin. Users send and receive BTG tokens by using a wallet application to interact with the BTG network. Transactions are verified by miners and added to the blockchain, ensuring the integrity and reliability of the data recorded on the blockchain. Bitcoin Gold's block time, i.e., how often a new block is added to the blockchain, is about ten minutes on average.

Exchanges to Buy BTG

Bitcoin Gold (BTG) can be acquired on a variety of global cryptocurrency exchanges, which allow trading of BTG paired with different cryptocurrencies or traditional fiat currencies. Here are ten exchanges where you can buy Bitcoin Gold:

1. Binance: Binance is one of the largest cryptocurrency exchanges worldwide. It supports Bitcoin Gold trading, and offers trading pairs including BTG/BTC, BTG/ETH, and BTG/USDT among others.

2. Bitfinex: Bitfinex facilitates the trading of Bitcoin Gold against US Dollars and Bitcoin, with available pairs being BTG/USD and BTG/BTC.

3. HitBTC: HitBTC is a leading cryptocurrency exchange that supports various trading pairs for Bitcoin Gold including BTG/BTC, BTG/ETH, and BTG/USDT.

4. Bittrex: Bittrex is a cryptocurrency exchange platform where you can trade Bitcoin Gold. It offers BTC-BTG, ETH-BTG, and USD-BTG pairs for trading.

5. OKEX: OKEX supports Bitcoin Gold trading where users can trade Bitcoin Gold with trading pairs including BTG/BTC and BTG/USDT.

How to Store BTG?

Storing Bitcoin Gold (BTG) safely entails the use of digital wallets that support this specific cryptocurrency. There are many types of digital wallets, divided into two broad categories: hot wallets (online) and cold wallets (offline).

The choice of wallet depends on the individual's need for convenience versus security. Hot wallets are usually more user-friendly and convenient since they are often connected to the internet. However, they may be vulnerable to hacking. On the other hand, cold wallets store your BTG offline, reducing the risk of hacking but they may be less convenient for frequent transactions.

Should You Buy BTG?

Bitcoin Gold (BTG) may be suitable for individuals who have a keen interest in the decentralization of cryptocurrency mining, as well as those who appreciate the potential of blockchain and cryptocurrency technology. Moreover, individuals with a risk tolerance for high volatility and potential security risks, which are inherent in many cryptocurrencies including BTG, might also consider this investment.

VISION

FAQs

Q: Explain the key differences between Bitcoin and Bitcoin Gold.

A: Bitcoin Gold differentiates from Bitcoin mainly in its mining algorithm; while Bitcoin uses the SHA-256 algorithm, Bitcoin Gold uses the Equihash-BTG algorithm which allows mining using standard GPUs.

Q: Has BTG experienced any security breaches?

A: Yes, Bitcoin Gold has had security issues in the past, which has affected its market perception.

Q: What is the total supply of Bitcoin Gold?

A: Like Bitcoin, Bitcoin Gold has a capped maximum supply of 21 million coins.

Q: Name some exchanges where BTG is listed.

A: BTG is listed on numerous exchanges including Binance, Bitfinex, HitBTC, Bittrex, and OKEX, among others.

Q: How can I securely store Bitcoin Gold?

A: Bitcoin Gold can be securely stored in various digital wallets that support BTG, such as Trezor, Ledger, CoolBitX, and Coinomi.

User Reviews

More

1 ratings

Participate in evaluation
Dazzling Dust
Bitcoin Gold represents a distinctive fusion of the foundational properties of the original Bitcoin blockchain with an innovative approach to blockchain development and applications. This combination aims to bring a unique perspective to the cryptocurrency landscape, potentially offering new features or improvements while maintaining the core principles established by Bitcoin.
2023-11-29 14:32
4