Bitcoin Gold BTG

 

 

 

Bitcoin Gold BTG

• Bitcoin Gold (BTG) is an open-source software project that is a digital asset released through the hard fork of Bitcoin (BTC). Users who held BTC received an additional amount of BTG, and in this way, it was distributed as much as the mining volume of existing Bitcoin.

 

UPbit

 

First issue	2017.10.	Total issue limit	21,000,000
market capitalization		Current Distribution
As of March 26, 2024 (Courtesy of Coin Market Cap)	￦ 1.1 trillion	As of March 26, 2024 (Courtesy of Coin Market Cap)	17,513,924
As of March 26, 2024 (Courtesy of CoinGecko)	￦ 1.1 trillion	As of March 26, 2024 (Courtesy of CoinGecko)	17,513,924

Characteristics

• BTG used the memory-intensive Equihash algorithm to make ASIC mining impossible and allow profits to be shared with small-scale miners with common equipment such as GPUs. LWMA, the difficulty adjustment algorithm proposed by BTC, also contributes to achieving this goal by making blockchain stable to react sensitively to changes in hash power.
• BTC, like BTC, aims to be used as a medium of payment and storage, and additionally supports BTG Pay payment solutions.

 

Vision

• BTG changes Bitcoin's proof-of-work algorithm from SHA-256 to Equihash, giving countless people around the world the opportunity to participate in the mining process. BTG is expected to continue to update to provide a more decentralized and democratic mining infrastructure.