Sign in

Bitcoin Gold BTG Price

$8.72

-9.86%

$8.62

24h Range

$10.15

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

Info

BTG Price Statistics

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

Simple View
Trading View

1D

7D

1M

1Y

All

Loading...
Simple View
Trading View

About Bitcoin Gold

What is Bitcoin Gold (BTG)?

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.

Who are the Founders of Bitcoin Gold?

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.

How does Bitcoin Gold Work?

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.

Top Use Cases of Bitcoin Gold

Bitcoin Gold has several use cases that appeal to various segments of the cryptocurrency community:

  • Decentralized Mining: With its focus on GPU mining, Bitcoin Gold allows more individuals to participate in the mining process, promoting decentralization.
  • Digital Currency: BTG can be used for peer-to-peer transactions, similar to Bitcoin, making it a viable option for everyday purchases and remittances.
  • Investment Asset: As a cryptocurrency, BTG is often viewed as an investment vehicle, similar to BTC, attracting investors looking for potential price appreciation.
  • Community Engagement: The Bitcoin Gold community actively engages in discussions about development and governance, allowing stakeholders to influence the project's direction.

How to Keep your Bitcoin Gold Safe?

Securing your Bitcoin Gold (BTG) is crucial to protecting your investment. Here are several strategies to keep your BTG safe:

  • Use a Hardware Wallet: Storing your BTG in a hardware wallet (like Ledger or Trezor) provides enhanced security as these devices keep your private keys offline, making them less vulnerable to hacks.
  • Enable Two-Factor Authentication (2FA): If you use an exchange or online wallet, ensure that 2FA is enabled to add an extra layer of security to your account.
  • Backup Your Wallet: Regularly back up your wallet and keep the backup in a secure location. This can help you recover your funds in case of device failure or loss.
  • Stay Updated: Always keep your wallet software up to date to protect against vulnerabilities and security threats.
  • Be Wary of Phishing Attacks: Avoid clicking on suspicious links or providing personal information to unknown sources, as phishing is a common tactic used by cybercriminals.

How to Invest in Bitcoin Gold (BTG)?

Investing in Bitcoin Gold (BTG) or any other cryptocurrency involves several steps:

1Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.

2Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.

3Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.

4Buy Bitcoin Gold: Once your account is funded, you can purchase Bitcoin Gold directly from the exchange. Choose the desired amount and complete the transaction.

Investing in Bitcoin Gold (BTG) Using Botsfolio:

Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Bitcoin Gold using Botsfolio, follow these steps:

  • Create a Botsfolio Account: Sign up for a free account on the Botsfolio platform.
  • Create Portfolio: Select an investment type from available options such as Premade crypto portfolios OR Custom crypto portfolio.
  • Connect Your Exchange: Link your chosen cryptocurrency exchange account to Botsfolio through fast connect or API key to enable seamless investing.

Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.

What is the Price Prediction for Bitcoin Gold (BTG) in the Long Term?

Bitcoin Gold (BTG) is currently trading at $8.72 and exhibits good potential for future growth. Check the latest Bitcoin Gold (BTG) price prediction.

FAQs

Recent Big Transactions


Bitcoin Gold Info

Info

Bitcoin Gold Insights

Recent Big Transactions


Explore More Crypto Coins

Botsfolio Blogs

Instant Access, No Sign-Up Needed!

Create and Evaluate Portfolios in Minutes

With any investment, your capital is at risk. The value of your portfolio with Botsfolio can go down as well as up and you may get back less than you invest. Past performance is no guarantee of future results. Read our (investment risk disclosure ) for more information. By using this website, you accept our (Privacy Policy) (Terms & Conditions) .

PRODUCTS

BECOME A PARTNER

CONTACT US

Support: jasmine@botsfolio.com

Marketing: marketing@botsfolio.com

KribX Inc, USA

© 2024 © Botsfolio

Privacy Policy Terms and Conditions