summary: Bitcoin Gold (ticker symbol: BTG) is a hard fork of the original open source cryptocurrency. It is also a cryptocurrency...
content: Bitcoin Gold (ticker symbol: BTG) is a hard fork of the original open-source cryptocurrency. It is also a cryptocurrency with Bitcoin fundamentals which is mined on common GPUs instead of specialty ASICs. Distribution & Transparency Besides the goal of "re-decentralizing" bitcoin, bitcoin gold's developers focused on issues related to distribution, protection, and transparency. According to the bitcoin gold website it states that “hard forking bitcoin's blockchain efficiently distributes a new digital asset immediately to people all over the world who have interest in cryptocoins”. Exchange According to the bitcoin gold website in 2018, “the cryptocurrency was trading live on Bithumb, Bitfinex, Binance, Bittrex, HitBTC, Uphold, YoBit, Gate.io, Changelly, Shapeshift, BitBay (cryptocurrency), Abucoins, Change Now,Evercoin, Tdax, Bitsane, Bitstarex, QuadrigaCX, Cex.io, Okex, Anybits, BestRate, Bitmarket, Indacoin, CoinSwitch, and Unocoin”. Purpose of bitcoin gold The purpose of Bitcoin Gold is to make Bitcoin mining decentralized, where the manufacture and distribution of mining equipment has become dominated by a very small number of entities. By changing Bitcoin’s proof-of-work algorithm from SHA256 to Equihash, all of the specialized SHA256 mining equipment will be obsolete for mining the Bitcoin Gold blockchain. Bitcoin Gold provides an opportunity for countless users around the world to participate in the mining process with widely-available consumer hardware that is manufactured and distributed by reputable mainstream corporations.