Bitcoin Gold Price today
Bitcoin Gold, also known as BTG, has a price today of 11,69$ and a market capitalization of 201.095.600$, which is 0,13% of the total. Bitcoin Gold has a total of 17.202.362 coins in circulation.
In the last 24 hours, the price of Bitcoin Gold has increased 0,47$, which is 4,19% of its valuation.
What is Bitcoin Gold?
Bitcoin Gold is an open source, free cryptocurrency project which is a fork of the original Bitcoin cryptocurrency. After the first announcement on 23rd October 2017, Bitcoin Gold was launched on 12th November 2017.
From the very beginning of the cryptocurrencies, mining has been a key feature of Bitcoin cryptocurrency. The technology and hardware used for mining the coins have become too expensive.
Bitcoin Gold is going to change the algorithm used to solve blocks so that it can break down the monopolization of mining coins.
Bitcoin God has come up with the new hard fork of the old Bitcoin technology. This new hard fork creates a new batch of blockchains. They allow more transactions at a time in parallel than the previous Bitcoin versions.
Bitcoin founders have found Bitcoin blockchain too much centralized. So, they have created Bitcoin Gold. Its main goal is to minimize the centralization of Bitcoin cryptocurrency. Its main purpose is to make a peer to peer decentralized Bitcoin cryptocurrency network.
Bitcoin blockchains have issues with a replay of transactions. Bitcoin Gold provides such protection so that it can avoid the repetition of transactions from one blockchain to the other.
Bitcoin Gold Features
- Bitcoin Gold provides full replay protection to keep safe the transactions of Bitcoin Gold ecosystem.
- It breaks down the mining monopoly and creates a decentralized blockchain technology.
- Bitcoin Gold is a free open source software project that extends around the world.
- It provides a worldwide fair distribution of digital assets.
Bitcoin Gold Technology
Bitcoin Gold uses Equihash for mining rather than a SHA-256 algorithm used for Bitcoin. It’s a proof-of-work algorithm. According to this algorithm, to mine a block, miners need to solve a hard cryptographic puzzle. Equihash is an ASIC-resistant algorithm. It makes the Bitcoin Gold technology decentralized, distributed and peer to peer cryptocurrency network.Visit website open_in_new
|Price in BTC||0.00311538 BTC|
|Current Supply||17.202.362 BTG|
|Total Supply||21.000.000 BTG|
|24h Volume (coin)||33.457 BTG|
|24h Volume (currency)||$389.933|
|Last updated||2019-01-19 13:32:16 +00:00 GMT|
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