BITCOIN GOLD (BTG)

On November 12 Bitcoin Gold Launched!

After much preparation, Bitcoin Gold (BTG) has launched and is supported by Wallets such as Ledger Nano S and is easy to Access

Bitcoin Gold is the second project to fork away from the Bitcoin blockchain to create a new coin this year; on August 1, Bitcoin Cash (Bcash) was the first. Where Bcash attempted to offer an on-chain scaling solution by increasing Bitcoin’s block size limit (while removing the Segregated Witness code), Bgold is an attempt to counter Bitcoin’s mining centralization.

The most important difference between Bitcoin and Bitcoin Gold is a new proof-of-work mining algorithm. Instead of SHA256, the new coin uses the memory-hard Equihash proof-of-work function that’s also used in the privacy-focused altcoin Zcash. This means that specialized ASIC hardware that has come to dominate Bitcoin’s mining ecosystem will not be able to mine Bgold.


Bitcoin gold adapts Bitcoin in an effort to “make Bitcoin decentralized again”, instead of scaling Bitcoin to guide large users. Therefore, the proponents make an argument to design the network to offer an equitable way to transfer payments digitally across the globe.