About Bitcoin Gold (BTG)
Bitcoin Gold (BTG) is a decentralized network and globally traded cryptocurrency that shares Bitcoin’s fundamentals and elements. Unlike Bitcoin, however, it was built to bring balance to the cryptocurrency mining landscape.
Bitcoin Gold was forked from the Bitcoin blockchain in November 2017 to give individuals an opportunity to mine with ordinary GPUs instead of advanced application-specific integrated circuit (ASIC) mining machines. In adhering to this goal, Bitcoin Gold has made sure ASIC miners cannot be used to mine BTG.
In the past, ASIC miners were the suspected culprits behind a few select entities being responsible for a heavy concentration of BTC mining. These entities were said to have established mining warehouses furnished with ASIC miners, with some professionals even using the word “monopoly” to describe this scenario. Bitcoin Gold was therefore inspired to disrupt this imbalance observed in BTC mining.
Bitcoin Gold’s native token, BTG, is a globally traded cryptocurrency that can also be used to make borderless payments. BTG price is updated and available in real time on Binance.