Bitcoin Gold (BTG)
| Market Cap | $259,343,685 |
|---|---|
| Trading Volume | $34,590,034 |
| Volume / Market Cap | 0.1334 |
| Total Supply | 17,513,924 BTG |
| Max Supply | 21,000,000 BTG |
Bitcoin Gold is currently trading at $14.81, after a price change of 4.07% in the last 24 hours.
Ranked as cryptocurrency #105 by capitalization today, BTG market cap is valued at $259,343,685. BTG trading volume reached $34,590,034 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on BTG coin price prediction page.
What is Bitcoin Gold?
Bitcoin Gold was forked from Bitcoin at block 491407 to focus on decentralization and democratize the mining process. The protocol aims to test possible solutions that can enable retail users to participate in mining.
Bitcoin Gold is secured by the proof-of-work consensus mechanism. The fork introduced a new version of the PoW consensus called Equihash to replace SHA256. Equihash is a memory-hard algorithm solved by standard CPUs and smartphone hardware. Bitcoin Gold claims to be ASIC resistant, maintaining Satoshi’s initial vision of one CPU, one vote and not one ASIC, one vote.
There are 17,513,923.59 circulating BTG tokens from a total supply of 17,513,924 and a hard cap of 21 million. At bloc 491407, Bitcoin Gold implemented a post-mine of about 8,000 blocks mined at 12.5 BTC per block. The original BTG, 0.476% of the total supply, was allocated to the multi-signature wallets and set to be released in managed supply and used in developer bounty programs. The protocol maintains all other similarities in token supply distribution.
Bitcoin Gold was created in 2017 by co-founders Hang Yin and Martin Kuvandzhiev.