Bitcoin Gold aims to be a more decentralized version of Bitcoin. Their mining process lowers the barrier to entry for miners and tries to reduce the influence of large miners, which centralize the network. Also, instead of 5 transactions per second like Bitcoin, they allow 16 transactions a second. Bitcoin Gold was created by a split (hard fork) of Bitcoin. This means that everyone who owned Bitcoin until that point got the same share of Bitcoin Gold in addition.
Bitcoin is controlled by a handful of large mining companies, which is making Bitcoin more and more centralized. Therefore, it is a great idea to create a more decentralized blockchain than Bitcoin. Nevertheless, it does not sufficiently solve the scaling problem of Bitcoin and allows 26 transactions per second.
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Bitcoin Gold special?
Bitcoin Gold is aon its own,uses to validate transactions,and is.Bitcoin Gold does not support.
Interesting facts about Bitcoin Gold
Here are some facts you may not already know about Bitcoin Gold. Something surprise you? Go ahead, share it!Any fact missing? Contact us.
Bitcoin Gold was created from Bitcoin in a so-called hard fork.
Bitcoin Gold's mining process seeks to reduce the influence of large miners and lower the barrier to entry for small miners.
Their stated goal is to "Make Bitcoin decentralized again".
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Bitcoin Gold price and insights
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Market capitalization Very small
24 hour trading volume Very small
Market cap % of total Very small
# Discord members 8,106 2% of them are active
# Telegram members 4,675 2% of them are active
% of total supply circulating Very small
What’s the community like?
Community matters for projects like Bitcoin Gold, because an active community drives the development of use cases for a blockchain project. The more people are active, the better to have healthy discussions and create something valuable.