August 9, 2022

Bitcoin Gold Price Prediction

7 min read

A tough fork of the popular Bitcoin, Bitcoin Gold (BTG) was developed in 2017 by Jack Lao, the developer of Lightning ASIC, who said that the main objective of the brand-new cryptocurrency was to improve the preliminary protocol and serve as a link in between the fiat and digital currency worlds.

Bitcoin Gold (BTG) isn’t well-known for big price movements, but it is known for its strong technical base and ingenious functions. Although it has less mooning prospective than other coins and tokens, Bitcoin Gold can still definitely be a lucrative investment.

In this short article, we will provide our Bitcoin Gold rate projection for 2021 and beyond.

Bitcoin Gold Overview

The main goal of Bitcoin Gold (BTG) is to offer miners with the opportunity to mine electronic currency utilizing GPUs instead of ASICs. This technique has specific benefits, including however not limited to:

  • different graphic processing systems being enabled to use;
  • ASIC bypass;
  • the variety of users who can mine Bitcoin Gold (BTG) being method wider;
  • decentralized mining of cryptocurrency;
  • the reduction in the influence of big business on BTG;
  • stable potential customers for Bitcoin Gold;
  • broad capitalization of Bitcoin Gold.

When BTG struck the marketplace in October 2017, it was worth over $400– there was no ICO since BTG might just be mined and purchased. The founders organized the pre-mining procedure, which raised issues amongst the crypto neighborhood: it’s unclear the number of BTG coins were mined by the team.

Differences Between Bitcoin Gold and Bitcoin

Name Bitcoin Gold Bitcoin
Ticker BTG BTC
Hashing function Equihash SHA-256
Existing/ Total Supply 17M/ 21M BTG 18.8 M/ 21M BTC
Introduce date 12 Nov 2017 9 Jan 2009

The primary benefit of Bitcoin Gold is the modification in the mining algorithm: rather of SHA-256, it uses Equihash. The latter allows users with regular computers (Windows 7 and newer, with 4GB RAM min.) to mine this cryptocurrency without straining their devices.

Bitcoin Gold has a variety of undeniable benefits noted below:

  • the cryptocurrency has an increased degree of security;
  • the algorithm permits normal users to have access to mining pools– just a PC is required;
  • the BTG network includes enhanced code to supply much better total performance.

There’s only one thing that the group needs to address: weak security versus duplication. For this reason, various services puzzle Bitcoin Gold with Bitcoin; as a result, they prohibit particular operations.

When it comes to BTG worth, the cryptocurrency is primarily interesting for miners. Its worth has actually seriously dropped throughout the last year, so it’s not the best option for investment and trading. BTG cost today is $10,59, which is 40 times lower than when it was presented.

Bitcoin Gold Price Today