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Seeing BTG coin, you may wonder what is its relationship with BTC? In fact, BTG coin is a new digital currency split from the Bitcoin blockchain after a hard fork. According to the latest market data, as of 17:56 on August 3, 2021, the price of Bitcoin Gold is $55.3639, its circulation market value is $969 million, and its global ranking is 60th. It has fallen out of the top 50 and is not among the mainstream currencies. Its 24-hour trading volume is $178 million, and its return on investment is -88.46%. It has been listed on 14 exchanges. From these data, it seems that the current situation of BTG coin is not as good as before. Let the editor of the currency circle bring you an interpretation of the relationship between Bitcoin Gold and Bitcoin.

 What is BTG Bit Gold?

Bitcoin Gold (digital currency code: BTG, English name: Bitcoin
Gold) is another product of Bitcoin hard fork around October 25, 2017. The Bitcoin Gold project is led by Liao Xiang, CEO of Hong Kong mining company LightningASIC. Bitcoin Gold is a counter to the concentration of computing power by big miners. Bitcoin miners are increasingly using customized ASICs to mine, but ASICs are expensive and only lower their prices when they are bought in large quantities. So big miners can get huge computing power by buying ASICs in large quantities at a low price, which leads to the concentration of computing power in the Bitcoin network. Currently, Bitcoin computing power has been monopolized by no more than 10 big miners.

Bitcoin Gold will use a new algorithm to avoid the situation from getting worse. This algorithm is very unfriendly to ASICs, which will cause miners to switch to GPUs, which are much cheaper. Users also hope that this change will eliminate the control of computing power by big miners. BTG uses the Equihash
PoW algorithm. The difference between this algorithm and SHA256 used by BTC is that the hashing power will be affected by the memory size of the computing device. Therefore, ASIC mining machines will no longer be effective for BTG mining.

Bitcoin Gold is also a token similar to Bitcoin Cash, and will also have a replay protection mechanism, and Bitcoin holders will also receive an equal amount of Bitcoin Gold tokens, so not many Bitcoin miners will go to mine Bitcoin Gold, and it will not cause an impact on Bitcoin.

Bitcoin Gold has its own independent network and its own rules. It will not affect Bitcoin in any way. It just borrows Bitcoin's code and distributes it to Bitcoin holders in proportion to Bitcoin.

 Interpretation of the relationship between Bitcoin Gold and Bitcoin

Bitcoin Gold is called Bitcoin Gold (BTG for short) in Chinese. It is a new branch of Bitcoin. It was split from Bitcoin's block height of 491407 on October 24, 2017.

According to the Bitcoin Gold website ( at the pre-set block height of 491407, BTG miners used a new proof-of-work (PoW) algorithm to create blocks, which led to the bifurcation of the Bitcoin blockchain. As a result of this process, a new virtual currency was born, which is now BTG.

BTG (Bitcoin Gold) was proposed by Liao Xiang, CEO of LightningASIC, a mining hardware manufacturer, and was officially announced on Bitcointalk.org at the end of July 2017. Unlike BCC and Segwit2X, its goal is to return mining to CPU and GPU by changing the proof-of-work algorithm, thereby solving the increasingly prominent problem of "centralization" in Bitcoin mining.

Compared with other forked coins, BTG did not expand BTC, but still used the 1M block + SegWit setting, and the main change was the mining algorithm. In order to prevent the problem of excessive concentration of computing power caused by ASIC dedicated mining machines, it was restricted. BTG switched to GPU mining and used the EDA scheduling adjustment mechanism.

To some extent, BTG mainly aims to solve the problem of excessive concentration of BTC mining computing power and difficulty adjustment mechanism, and finally establish a system that is not affected by ASIC mining. ASIC-affected Bitcoin versions.

To sum up, this is the answer from the editor of Coin Circle to the question of what kind of coin BTG is. I hope that this article on the relationship between Bitcoin Gold and Bitcoin can help you better understand BTG. The editor of Coin Circle reminds all investors that when choosing digital currency, you must choose according to the strength of the project team. For projects where the founders have cleared their positions, the team does not do practical things, and the community has no enthusiasm, we must stay away from them. There is no point in investing in such projects. BTG is like this. It can only have some popularity by relying on the popularity of BTC, so you can't just choose by reputation when choosing.