Bitcoin gold status

Bitcoin Gold was founded in to become a user-friendly alternative to Bitcoin. The BTG network aims to combine the security and sturdiness of the Bitcoin blockchain and its characteristics with the opportunity for experimentation and development. BTG enhances and extends the crypto space with a blockchain closely compatible with Bitcoin but without using resources like Bitcoin hash power or vying for the "real Bitcoin" title.

The company aims to present a coin with the implementation capabilities of Bitcoin, however, expanding on the opportunities for DeFi and DApp developers to use the coin. Who Are the Founders of Bitcoin Gold? Bitcoin Gold was founded by a group of enthusiasts with diverse backgrounds and skills. Hang Yin is a co-founder and lead developer at Bitcoin Gold. He graduated with a degree in computer science from Fudan University in His professional career started right after he graduated.

In late , Yin became a software engineer for Google. After three years with the tech giant, Hang Yin decided to venture into entrepreneurship by starting Bitcoin Gold. In , he also participated in the founding of HashForests. By using Lighting Network, scalability is not an issue as countless payments can be processed per second.

Smart contracts are secured by the BTC blockchain and are employed to speed up the transaction process. The idea is for BTG to be utilized as easily as BTC but with more room for upgrades and for the implementation of new ideas. How to use Bitcoin Gold? BTG can be used in a myriad of ways, from everyday e-commerce transactions to cryptocurrency trading on one of the supported exchanges. Most of the wallets associated with BTG detect the payment within seconds and the transactions are confirmed in just a few minutes.

What makes Bitcoin Gold different? Bitcoin Gold is different because it shares many similarities with BTC but is designed to return the power of crypto mining to the people. The token can be mined using a GPU which greatly reduces the price of entry. Why are Bitcoin Gold tokens valuable? The value of the BTG comes from the fact that they use a similar transaction process as the BTC, only for a cheaper price, which makes them more affordable. Strong safety protocols that are put in place and easy accessibility are the main benefits of the BTG token.

Is Bitcoin Gold a good investment? Bitcoin Gold has clear growth potential. The branding is a strong factor that might appeal to many investors, which consequently makes people more likely to mine it and grow the BTG network. With that being said, remember that the crypto industry can be extremely volatile so it comes as no large surprise that experts are divided on the future prospects of the BTG.

If you want to invest in Bitcoin Gold, make sure you only invest an amount you are willing to risk. How do I get Bitcoin Gold tokens? It is easily obtained in exchange for almost any fiat currency as well as most crypto pairs, but the availability varies on a per-exchange basis. You can also obtain BTG by mining the tokens yourself and you can do it without needing expensive mining equipment as a GPU would do just fine.

Peer-to-peer trades are also a possibility. You can receive an amount of BTG directly to your wallet by transferring an equal amount in fiat currency or a crypto pair to another user. What is the current price of the Bitcoin Gold tokens? As of , the price of Bitcoin Gold is. How many Bitcoin Gold tokens are left? Are the Bitcoin Gold transaction fees high?

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