Real-time BTG price analysis
The current price of Bitcoin Gold in real time is US$24.64and its trading volume is equal to US$5,001,652 in the last 24 hours. BTG price has grew by
0.92%
on the last day and decreased by
2.85%
in the last 7 days. It is important to note that Bitcoin Gold’s current market capitalization is US$431,577,000and the maximum offer is 21,000,000 BTG coins. Speaking of circulating supply, BTG has 17 513 924 coins. Currently, Bitcoin Gold’s market rating is #145.
Bitcoin Gold price today
95.43%
below
always on top and that’s it
921.78%
higher
always at a low level.
All data and prices are updated in real time. The most active and popular exchanges for buying or selling BTG are Binance, Kucoin & Kraken. Find more cryptocurrency exchange options on our Cryptocurrency exchange tracker. The most secure hardware wallets to store your cryptocurrency: Ledger And Trezor.
What is Bitcoin Gold (BTG)?
Bitcoin Gold (BTG) — native cryptocurrency for the platform of the same name. It was developed in 2017 as hard fork from the main Bitcoin blockchain. It offers a convenient decentralized service for blockchain development and transactions.
Bitcoin Gold was one of the first hard forks of Bitcoin and is considered one of the most successful. It uses a unique consensus algorithm known as Equihash proof of work provide a more level playing field for all miners and support full decentralization of the blockchain.
How was Bitcoin Gold created?
Bitcoin Gold was co-founder Hang Yin and Martin Kuvandzhiev. Yin is a software developer. He is the lead developer of Bitcoin Gold, as well as the founder of the privacy-enhanced Phala Network protocol. Kuvandzhiev is a software engineer and entrepreneur. Previously, he was an associate professor at Sofia Technical University.
The Bitcoin Gold blockchain has separated from the core network. BTG supporters believed that Bitcoin has become too centralized and began to deviate from the concept of blockchain, which Satoshi Nakamoto introduced. The goal was to create a new blockchain that was truly decentralized and user-friendly.
The Bitcoin Gold fork occurred on October 24, 2017. On the day the blockchain was launched, the price of BTG was around $143. BTC coin holders were able to exchange their assets for an equal amount of BTG.
However, being one of the first forks of Bitcoin, BTG has caused some controversy. In November 2017, users learned that 100,000 BTG tokens had been pre-mined before launch, which caused a backlash from the community. Some exchanges have also refused to support BTG, citing security concerns.
The asset was significantly volatile Since it was listed, it has experienced rapid ups and downs. It reached its first-year peak just two months after launch, in December 2017. Then the price of Bitcoin Gold was close to $540. However, a precipitous decline followed, with the price again not exceeding $100 until May 2021.
What are the benefits and features of Bitcoin Gold?
The tokenomics of Bitcoin Gold are similar to the original Bitcoin, as well as several other larger forks. Bitcoin Gold the number of tokens is set at 21 million, making it a deflationary asset. This means that the price of BTG will likely rise as there is less supply in circulation.
Bitcoin Gold is utility asset which can be used in transactions or for blockchain development. It aims to solve some of the scalability issues facing Bitcoin’s main blockchain. Since it is an open source community based project, all users can freely participate in chain processes.
In addition, BTG holders can also participate in network management. This is another measure used to maintain blockchain decentralization. Users can submit proposals for changes and updates to the protocol, as well as vote on decisions in the general voting mode. decentralized autonomous organization (DAO).
What are the differences between Bitcoin and Bitcoin Gold?
Even though BTG’s price is based on Bitcoin, it differs significantly. Judging by the trends, Bitcoin Gold has always been the cheapest asset on the market. It also does not strictly follow the same cryptocurrency market trends as Bitcoin in terms of price fluctuations.
However, timing can play an important role in market differences. The fork occurred years after the launch of the main blockchain. It is likely that the price of Bitcoin Gold could follow similar upward trends, especially given the equal maximum supply of 21 million coins.
Both blockchains use Proof of Work (PoW) a consensus mechanism to ensure network security. However, in Bitcoin Gold the algorithm has been modified to make it suitable for GPU mining. This mechanism is known as Equihash proof of work. It differs from Bitcoin, which uses more power-intensive application-specific integrated circuit (ASIC) mining.
ASIC devices are designed specifically for cryptocurrency mining. They are more powerful than regular computers and can cost up to thousands of dollars to install and operate. According to BTG supporters, the use of ASICs has made Bitcoin mining more centralized, as larger corporations can control the mining power.
Thus, the Bitcoin Gold mining process is more accessible to users since they can rely on the GPU and do not require as many resources to create new blocks. Equihash PoW makes the mining process fairer and reduces the risk of block production monopolies forming.
What is the Bitcoin Gold trading volume in the last 24 hours?
BTG trading volume is US$5,001,652 in the last 24 hours.
What is the highest Bitcoin Gold price ever?
BTG has the highest price $539.72which was achieved at October 23, 2017 (6 years 4 months ago).
What is the lowest Bitcoin Gold price ever?
BTG has the lowest price US$2.41which was achieved at December 11, 2022 (1 year 2 months ago).
Which exchanges are best for buying and selling BTG?
Currently the most active and dominant exchanges for buying and selling Bitcoin Gold are Binance, Kraken & Kucoin. The most popular Bitcoin Gold trading pairs BTG/KRW
(on
Upbit
),
BTG/USD
(on
PayBito
),
BTG/EURO
(on
PayBito
). Go to Catalog of crypto trades to access customized and exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.
What are the safest hardware wallets for storing BTG?
According to the process of in-depth analysis and testing, Ledger And Trezor are one of the most secure and popular hardware wallet options for storage Bitcoin Gold. For exclusive discounts and promotions on the best crypto wallets, visit Catalog of crypto trades.
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A cryptocurrency exchange is an online platform where you can buy, sell, or trade cryptocurrencies like Bitcoin, Ethereum, and others.
Safety varies by exchange. Look for platforms with strong security measures, like two-factor authentication and cold storage for funds.
Consider factors like security, fees, available coins, user interface, and customer support.
Centralized exchanges are managed by a company, while decentralized exchanges operate without a central authority.
Many exchanges require Know Your Customer (KYC) verification for security and regulatory compliance.
Trading fees vary but typically include maker fees (for adding liquidity) and taker fees (for removing liquidity).
Yes, most exchanges offer cryptocurrency-to-cryptocurrency trading pairs.
Withdrawal times depend on the exchange and the cryptocurrency. Some are instant, while others may take hours or even days.
A wallet address is like a bank account number for cryptocurrencies. It’s required to send your crypto to the right place.
Yes, depending on your country’s tax laws, trading cryptocurrencies may have tax consequences. Consult a tax professional for guidance.
Yes, many cryptocurrency exchanges operate 24/7, allowing you to trade at any time.
A market order buys or sells at the current market price, while a limit order sets a specific price at which you want to buy or sell.
Yes, each exchange sets its own minimum and maximum trading limits, which can vary widely.
It’s not recommended. For security, it’s better to use a cryptocurrency wallet, especially for significant holdings.
Exchanges typically have account recovery processes, including password reset options and support for forgotten usernames.
Some exchanges offer insurance, but coverage can be limited. It’s essential to check an exchange’s insurance policy.
Use strong passwords, enable two-factor authentication, and be cautious of phishing scams and suspicious emails.
Yes, but it’s recommended to learn the basics of trading and understand the risks involved before you start.
Stablecoins are cryptocurrencies pegged to the value of a fiat currency like the US dollar. They provide stability and are commonly used for trading and transferring funds on exchanges.
Yes, regulations vary by country. Many countries have implemented or are considering regulations to govern cryptocurrency exchanges for consumer protection and financial stability.
