Market Cap
$152,711,306.0
Fully Diluted Valuation
$183,120,000.0
24 Hour Trading Vol
$36,698,953.0
Circulating Supply
17,513,924.0
Total Supply
17,513,924.0
Max Supply
21,000,000.0
Bitcoin Gold Price
$8.72
24h Range
$8.62 - $10.15
Percent Change 1h
-0.01%
Percent Change 24h
-9.86%
Percent Change 7d
-22.87%
All-time high
$456.25
All-time low
$4.25
1D
7D
1M
1Y
All
Bitcoin Gold (BTG) is a decentralized digital currency created to address some of the limitations of Bitcoin (BTC). Launched in October 2017, Bitcoin Gold was designed to make mining accessible to a wider audience by allowing for GPU (graphics processing unit) mining, which is more accessible than the ASIC (application-specific integrated circuit) mining that dominates Bitcoin. The aim was to democratize the mining process and ensure that more participants could contribute to the network, thereby enhancing decentralization.
Bitcoin Gold was introduced by a team of developers led by Jack Liao, the CEO of LightningASIC, a company that designs and produces mining hardware. The founding team also included several other developers and contributors from the cryptocurrency community who sought to create a more inclusive mining environment. The project was backed by a community of supporters who believed in the vision of making cryptocurrency mining more equitable.
Bitcoin Gold operates on a proof-of-work consensus mechanism similar to Bitcoin but employs the Equihash algorithm, which is designed to be more memory-intensive and thus more resistant to ASIC mining. This shift allows everyday users to mine BTG using consumer-grade hardware, particularly GPUs, which are more widely available. The network aims to maintain the same transaction validation processes as Bitcoin while ensuring that mining remains decentralized.
Bitcoin Gold also features a block time of approximately 10 minutes and a maximum supply cap of 21 million coins, mirroring Bitcoin's supply model. The network's security is maintained through regular software updates and a focus on community-driven development.
Bitcoin Gold has several use cases that appeal to various segments of the cryptocurrency community:
Securing your Bitcoin Gold (BTG) is crucial to protecting your investment. Here are several strategies to keep your BTG safe:
Investing in Bitcoin Gold (BTG) or any other cryptocurrency involves several steps:
1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.
2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.
3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.
4. Buy Bitcoin Gold: Once your account is funded, you can purchase Bitcoin Gold directly from the exchange. Choose the desired amount and complete the transaction.
Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Bitcoin Gold using Botsfolio, follow these steps:
Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.
Bitcoin Gold (BTG) is currently trading at $8.72 and exhibits good potential for future growth. Check the latest Bitcoin Gold (BTG) price prediction.
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