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What is Bitcoin Gold all about
As the name suggests, Bitcoin Gold is the result of a hard fork from the original Bitcoin blockchain in late 2017. The main purpose of the hard fork was to implement a new mining consensus algorithm that was not compatible with powerful ASIC mining machines and pools.
The protocol intends for users to mine Bitcoin Gold using consumer-grade GPUs, in an effort to provide a level-playing field in its mining ecosystem. In order to do this, the Bitcoin Gold blockchain adopted the Equihash-BTG proof-of-work algorithm, also known as the Equihash or Zhash algorithm.
BTG is the BTC of the Bitcoin Gold ecosystem and shares some similarities with the preeminent cryptocurrency. There will only be 21 million BTG coins minted, just like Bitcoin’s supply cap. The blockchain is also working to be interoperable with other smart-contract enabled blockchain and projects.
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BTG Questions & Answers
What is the price of Bitcoin Gold right now?
Current price of Bitcoin Gold is at 33.20 EUR.
What was the price of Bitcoin Gold at its highest?
Bitcoin Gold's price was the highest on 2017-12-20, when it was at 384.09 Euro.
Is Bitcoin Gold expected to increase in value one month from now?
In accordance with our price prediction, we expect, that Bitcoin Gold's price is likely going to be between €34.04 and €61.69 in 1 month time.
What will Bitcoin Gold be worth in three months?
Using our prediction algorithm we suspect that Bitcoin Gold's value will be anywhere between €34.04 and €90.27 3 months from now.
How much will Bitcoin Gold be worth in 6 months?
A long-term prediction is extremely difficult, but in accordance with our short term prediction we expect that Bitcoin Gold's price will reach anywhere between €34.04 and €91.06 half year from now.
What is the popularity of Bitcoin Gold on online?
0 individuals were engaging in discussing Bitcoin Gold online on Reddit in the last 48 hours. Bitcoin Gold's Twitter handle is currently followed by 105768 users.
Does Bitcoin Gold compete with Bitcoin?
The short answer is no, because the two cryptocurrencies use different consensus algorithms to secure their networks. This means that there is no competition between the blockchains for miners computational resources, as ASIC miners that maintain the Bitcoin blockchain are not able to mine Bitcoin Gold.
How were BTG tokens minted?
When Bitcoin Gold forked from the Bitcoin blockchain, BTC holders were automatically credited with the exact amount of BTG tokens. This also means that if you’ve held BTC in cold storage up until now, you can redeem your BTG tokens.
What’s the main difference between Bitcoin Gold and Bitcoin?
Bitcoin Gold makes use of the Equihash mining algorithm, making it ASIC-resistant and favourable to GPU miners. This is in line with its mission to make mining more decentralized.
What is BTG Pay?
BTG Pay is an integration that allows merchants to accept Bitcoin Gold as a means of payment through their e-commerce platforms.
10 days Bitcoin Gold price forecast
Long term Bitcoin Gold price prediction