What is Bitcoin Gold?

Bitcoin Gold

#148
$BTG

Bitcoin Gold hopes to change the paradigm around mining on the Bitcoin blockchain. According to the founders, the Bitcoin blockchain has become too centralized. Large companies with huge banks of mining computers now mine the... Read more

Bitcoin Gold hopes to change the paradigm around mining on the Bitcoin blockchain. According to the founders, the Bitcoin blockchain has become too centralized. Large companies with huge banks of mining computers now mine the vast majority of Bitcoin. For the founders of Bitcoin Gold, having large companies control the Bitcoin network defeats the purpose of a decentralized ledger and peer-to-peer currencies. In response, they’ve initialized the Bitcoin Gold project. It’s an alternate fork of the Bitcoin blockchain that implements changes that make mining more equitable. The goal of Bitcoin Gold is to create a network where anyone can become a miner with only basic hardware. As a result, Bitcoin Gold mining would be spread among many miners, instead of a few large companies.There have several features such as decentralization. Bitcoin Gold decentralizes mining by adopting a PoW algorithm, Equihash-BTG, which cannot be run on the specialty equipment used for Bitcoin mining (ASIC miners.) This gives ordinary users a fair opportunity to mine with common GPUs. Besides, there have fair distribution. Hard forking Bitcoin’s blockchain fairly and efficiently distributes 16.5 million BTG immediately to people all over the world who have interest in cryptos. Other methods, such as creating coins with a new genesis block, concentrate ownership within a small group. There also have a replay protection. To ensure the safety of the Bitcoin ecosystem, Bitcoin Gold has implemented full replay protection and unique wallet addresses, essential features that protect users and their coins from several kinds of accidents and malicious threats. Most new mineable cryptocurrencies involve ASIC-resistant hashing algorithms, and it’s becoming something of an industry standard to promote decentralization. In that respect, Bitcoin Gold holds a lot to be excited about. At its core, it’s about transitioning the Bitcoin network to more decentralized mining. However, as we saw above, there’s not much evidence that the current Bitcoin mining system is broken. There have been some small complaints, and it’s not ideal that the network is so centralized. Nevertheless, miners on Bitcoin have a lot to lose if they wield their power too aggressively. There are also new entrants to the Bitcoin mining community that are decentralizing control from a few key ASIC farms. The general consensus from Bitcoin experts is there’s not enough new in Bitcoin Gold to warrant an independent investment. While it certainly doesn’t hurt to hold onto your free BTG that you receive as a result of the fork (if you owned Bitcoin before Oct 24), wait until the dust settles before deciding whether to buy more."

24H Price

$27.92

8.1%

Explore Bitcoin Gold

- 0
Follower
232.72K (#592)
0.01% 7D
Activity
16/100
3% 7D
Sentiment
Neutral
Follower
3.11K (#1860)
0.26% 7D
Activity
4/100
3% 7D
Sentiment
Neutral
Follower
8.79K (#661)
0.13% 7D
Activity
16/100
3% 7D
Sentiment
Neutral
Follower
4.24K (#305)
0.05% 7D
Activity
0/100
3% 7D
Sentiment
Neutral
Follower
24.16K (#504)
0.12% 7D
Activity
16/100
3% 7D
Sentiment
Neutral
Follower
81.06K (#413)
0.02% 7D
Activity
2/100
3% 7D
Sentiment
Neutral

ℹ ️ Insufficient Data

Couldn't find anything unusual due to lack of data.

Be the first to know about suspicious activities around your watchlist's coins.

🔔 Get Anomaly Alerts

Overview

Market Cap

$1.94T

8.1%
Large Cap

Price

$1.94T

8.1%
Stable

Volume

$1.94T

8.1%
Highest

Community

$1.94T

8.1%
Rapid Growth

Marketing Activity

5/10

8.1%
High

Developer Activity

3/10

8.1%
Low
Development 24h 7d 14d 30d
Price 8.1% 7.88% 4.2% 10.25%
Follower 0% 0.01% 0.06% 0.15%

Coin Info

FDY
$2.09T
Total Supply
$21.00M
Max Supply
$21.00M
Circulating Supply
$19.79M

All-Time High
All-Time Low

$27.92

8.1%

$27.92

8.1%
Dec 05 2024
Dec 05 2024
- 0
Follower
232.72K (#592)
0.01% 7D
Activity
16/100
3% 7D
Sentiment
Neutral
Follower
3.11K (#1860)
0.26% 7D
Activity
4/100
3% 7D
Sentiment
Neutral
Follower
8.79K (#661)
0.13% 7D
Activity
16/100
3% 7D
Sentiment
Neutral
Follower
4.24K (#305)
0.05% 7D
Activity
0/100
3% 7D
Sentiment
Neutral
Follower
24.16K (#504)
0.12% 7D
Activity
16/100
3% 7D
Sentiment
Neutral
Follower
81.06K (#413)
0.02% 7D
Activity
2/100
3% 7D
Sentiment
Neutral

ℹ ️ Insufficient Data

Couldn't find anything unusual due to lack of data.

Be the first to know about suspicious activities around your watchlist's coins.

🔔 Get Anomaly Alerts

Channels

Twitter @bitcoingold
#657
Follower
111,362
0.03%
CoinMarketcap @Bitcoin Gold
#413
Follower
81,059
0.03%
Coingecko @Bitcoin Gold (BTG)
#504
Follower
24,164
0.03%
Discord @Bitcoin Gold
#661
Follower
8,787
0.03%
Reddit @BitcoinGoldHQ
#305
Follower
4,237
0.03%
Telegram @BitcoinGoldHQ
#1860
Follower
3,107
0.03%

Daily Social Panel

@BitcoinGoldHQ

2024-07-28 00:16
Hello, everybody. Can we be friends?... Hello, everybody. Can we be friends?

Score 0

Key Events

12 Nov, 2024 - 12:30PM

Avalanche x Supabase

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Price Projection

Avg.
5%
80% of similar events led to a price increase
High Impact
12 Nov, 2024 - 12:30PM

Avalanche x Supabase

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Price Projection

Avg.
5%
80% of similar events led to a price increase
High Impact
12 Nov, 2024 - 12:30PM

Avalanche x Supabase

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Price Projection

Avg.
5%
80% of similar events led to a price increase
High Impact

Never miss any event.

Bitcoin Gold

#148
$BTG

Bitcoin Gold hopes to change the paradigm around mining on the Bitcoin blockchain. According to the founders, the Bitcoin blockchain has become too centralized. Large companies with huge banks of mining computers now mine the... Read more

Bitcoin Gold hopes to change the paradigm around mining on the Bitcoin blockchain. According to the founders, the Bitcoin blockchain has become too centralized. Large companies with huge banks of mining computers now mine the vast majority of Bitcoin. For the founders of Bitcoin Gold, having large companies control the Bitcoin network defeats the purpose of a decentralized ledger and peer-to-peer currencies. In response, they’ve initialized the Bitcoin Gold project. It’s an alternate fork of the Bitcoin blockchain that implements changes that make mining more equitable. The goal of Bitcoin Gold is to create a network where anyone can become a miner with only basic hardware. As a result, Bitcoin Gold mining would be spread among many miners, instead of a few large companies.There have several features such as decentralization. Bitcoin Gold decentralizes mining by adopting a PoW algorithm, Equihash-BTG, which cannot be run on the specialty equipment used for Bitcoin mining (ASIC miners.) This gives ordinary users a fair opportunity to mine with common GPUs. Besides, there have fair distribution. Hard forking Bitcoin’s blockchain fairly and efficiently distributes 16.5 million BTG immediately to people all over the world who have interest in cryptos. Other methods, such as creating coins with a new genesis block, concentrate ownership within a small group. There also have a replay protection. To ensure the safety of the Bitcoin ecosystem, Bitcoin Gold has implemented full replay protection and unique wallet addresses, essential features that protect users and their coins from several kinds of accidents and malicious threats. Most new mineable cryptocurrencies involve ASIC-resistant hashing algorithms, and it’s becoming something of an industry standard to promote decentralization. In that respect, Bitcoin Gold holds a lot to be excited about. At its core, it’s about transitioning the Bitcoin network to more decentralized mining. However, as we saw above, there’s not much evidence that the current Bitcoin mining system is broken. There have been some small complaints, and it’s not ideal that the network is so centralized. Nevertheless, miners on Bitcoin have a lot to lose if they wield their power too aggressively. There are also new entrants to the Bitcoin mining community that are decentralizing control from a few key ASIC farms. The general consensus from Bitcoin experts is there’s not enough new in Bitcoin Gold to warrant an independent investment. While it certainly doesn’t hurt to hold onto your free BTG that you receive as a result of the fork (if you owned Bitcoin before Oct 24), wait until the dust settles before deciding whether to buy more."

24H Price

$27.92

8.1%

Explore Bitcoin Gold

- 0
Follower
232.72K (#592)
0.01% 7D
Activity
16/100
3% 7D
Sentiment
Neutral
Follower
3.11K (#1860)
0.26% 7D
Activity
4/100
3% 7D
Sentiment
Neutral
Follower
8.79K (#661)
0.13% 7D
Activity
16/100
3% 7D
Sentiment
Neutral
Follower
4.24K (#305)
0.05% 7D
Activity
0/100
3% 7D
Sentiment
Neutral
Follower
24.16K (#504)
0.12% 7D
Activity
16/100
3% 7D
Sentiment
Neutral
Follower
81.06K (#413)
0.02% 7D
Activity
2/100
3% 7D
Sentiment
Neutral

ℹ ️ Insufficient Data

Couldn't find anything unusual due to lack of data.

Be the first to know about suspicious activities around your watchlist's coins.

🔔 Get Anomaly Alerts

Coin Info

FDY
$2.09T
Total Supply
$21.00M
Max Supply
$21.00M
Circulating Supply
$19.79M

All-Time High
All-Time Low

$27.92

8.1%

$27.92

8.1%
Dec 05 2024
Dec 05 2024

Overview

Market Cap

$1.94T

8.1%
Large Cap

Price

$1.94T

8.1%
Stable

Volume

$1.94T

8.1%
Highest

Community

$1.94T

8.1%
Rapid Growth

Marketing Activity

5/10

8.1%
High

Developer Activity

3/10

8.1%
Low
Development 24h 7d 14d 30d
Price 8.1% 7.88% 4.2% 10.25%
Follower 0% 0.01% 0.06% 0.15%

Key Events

12 Nov, 2024 - 12:30PM

Avalanche x Supabase

Figma ipsum component variant main layer. Mask vertical connection.... show more


Price Projection

Avg.
5%
80% of similar events led to a price increase
High Impact
12 Nov, 2024 - 12:30PM

Avalanche x Supabase

Figma ipsum component variant main layer. Mask vertical connection.... show more


Price Projection

Avg.
5%
80% of similar events led to a price increase
High Impact
12 Nov, 2024 - 12:30PM

Avalanche x Supabase

Figma ipsum component variant main layer. Mask vertical connection.... show more


Price Projection

Avg.
5%
80% of similar events led to a price increase
High Impact

Never miss any event.

Frequently Asked Questions

Bitcoin’s original inventor is known under a pseudonym, Satoshi Nakamoto. As of 2021, the true identity of the person — or organization — that is behind the alias remains unknown. On October 31, 2008, Nakamoto published Bitcoin’s whitepaper, which described in detail how a peer-to-peer, online currency could be implemented. They proposed to use a decentralized ledger of transactions packaged in batches (called “blocks”) and secured by cryptographic algorithms — the whole system would later be dubbed “blockchain.” Just two months later, on January 3, 2009, Nakamoto mined the first block on the Bitcoin network, known as the genesis block, thus launching the world’s first cryptocurrency. Bitcoin price was $0 when first introduced, and most Bitcoins were obtained via mining, which only required moderately powerful devices (e.g. PCs) and mining software. The first known Bitcoin commercial transaction occurred on May 22, 2010, when programmer Laszlo Hanyecz traded 10,000 Bitcoins for two pizzas. At Bitcoin price today in mid-September 2021, those pizzas would be worth an astonishing $478 million. This event is now known as “Bitcoin Pizza Day.” In July 2010, Bitcoin first started trading, with the Bitcoin price ranging from $0.0008 to $0.08 at that time. However, while Nakamoto was the original inventor of Bitcoin, as well as the author of its very first implementation, he handed the network alert key and control of the code repository to Gavin Andresen, who later became lead developer at the Bitcoin Foundation. Over the years a large number of people have contributed to improving the cryptocurrency’s software by patching vulnerabilities and adding new features. Bitcoin’s source code repository on GitHub lists more than 750 contributors, with some of the key ones being Wladimir J. van der Laan, Marco Falke, Pieter Wuille, Gavin Andresen, Jonas Schnelli and others.

1) Coindive is your ultimate guide to navigating the vast and enigmatic ocean of cryptocurrencies. Like the ever-changing seas, the crypto market is often turbulent, unpredictable, and brimming with uncharted territories. It can be stormy, tranquil, crystal-clear, or shrouded in murkiness, but beneath the surface lies a captivating world of hidden gems and treasures.

2) At Coindive, we believe that the deeper you delve into the crypto realm, the more you'll uncover its inherent beauty, serenity, and potential. Our dedicated community and advanced market tracking tools will help you chart a course through the wild waves and currents of the digital currency landscape, ensuring that you remain informed and equipped to make the best decisions possible.

Coindive tracks over 8,163 channels daily across Discord, Telegram, Twitter, Reddit, CoinMarketCap and Coingecko to collect data like follower counts, every text based data and every form of reactions to evaluate the attributes of the community by our unique metrics. Find out more about each metric in the section “Metrics” below.

Coindive offers a dashboard with top-performing coin metrics and recent trends, as well as a rankings page to explore the top 3000 cryptocurrencies based on various metrics. Its keyword explorer helps users identify coins related to specific trends, events, or discussions, while the coin pages offer in-depth analysis of individual cryptocurrencies' community and market data. Users can create a watchlist to monitor their favorite coins closely and receive customized alerts tailored to their investment interests. Coindive's personalized Watchlist Summary Report is AI-based and tailored to each user's knowledge level. Coindive alerts users whenever something unusual happens within the community or market, allowing for proactive portfolio management.

Coindive's target audience includes crypto investors of all types who want to stay informed about their investments, save time while keeping track of their portfolio, and consider community strengths as decision-making characteristics of their investments. The platform is designed for users who wish to quickly assess the performance of various cryptocurrencies, monitor significant events, and evaluate the overall health of communities behind different coins. Coindive caters to both long-term and short-term investors, offering valuable insights for effective decision-makin

Coindive offers a comprehensive free package with access to all of its features with just some limitations compared to the higher tier packages. A Premium Plan is available for users who want to access more alerts and additional benefits like ad-free experience and faster data refresh rates.

Daily Social Panel

@BitcoinGoldHQ

2024-07-28 00:16
Hello, everybody. Can we be friends?... Hello, everybody. Can we be friends?

Score 0

Channels

Twitter @bitcoingold
#657
Follower
111,362
0.03%
CoinMarketcap @Bitcoin Gold
#413
Follower
81,059
0.03%
Coingecko @Bitcoin Gold (BTG)
#504
Follower
24,164
0.03%
Discord @Bitcoin Gold
#661
Follower
8,787
0.03%
Reddit @BitcoinGoldHQ
#305
Follower
4,237
0.03%
Telegram @BitcoinGoldHQ
#1860
Follower
3,107
0.03%