The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

When you see BTG coin, you may wonder, what is its relationship with BTC? In fact, BTG coin is a new digital currency that split off 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 US$55.3639, its circulating market value is US$969 million, and it ranks 60th globally, having fallen out of the top 50. It no longer belongs to the ranks of mainstream currencies. Its 24-hour transaction volume is 178 million US dollars, and its return on investment is -88.46%. It has been listed on 14 exchanges. Judging from these data, the current situation of BTG currency is not as good as before. . Let the editor of the currency circle give you an interpretation of the relationship between Bitcoin Gold and Bitcoin.

 What currency is BTG Bitcoin Gold?

Bitcoin Gold (digital currency code: BTG, English name: Bitcoin
Gold) is another 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 counterattack against the concentrated computing power of big miners. Bitcoin miners are increasingly using customized ASICs to mine, but ASICs are expensive and will only drop in price if they are bought in large quantities, so big miners We can obtain huge computing power by buying ASIC in large quantities at a low price, causing the computing power of the Bitcoin network to be concentrated. Currently, Bitcoin computing power is monopolized by no more than 10 large miners.

Bitcoin Gold will use a new algorithm to avoid the situation, which is very ASIC unfriendly, 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 adopts 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 effectively used for BTG mining.

Bitcoin Gold is 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 Mining Bitcoin Gold will not have 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 the code of Bitcoin and distributes it to Bitcoin holders in proportion to Bitcoin.

 Interpretation of the relationship between Bitcoin Gold and Bitcoin

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

According to Bitcoin
According to the introduction of the Gold website ( at the preset block height of 491407, BTG miners use the new Proof of Work (PoW) algorithm to create blocks, which leads to the Bitcoin area Forks in the 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 mining hardware manufacturer Lightning ASIC, and was officially launched at the end of July 2017.
Published on Bitcointalk.org. Unlike BCC and Segwit2X, it aims to return mining to the CPU and by changing the proof-of-work algorithm.
GPU, thereby solving the increasingly prominent problem of Bitcoin mining centralization.

Compared with other forked coins, BTG has not expanded the capacity of BTC, but still uses the 1M block + SegWit setting. The main change is the mining algorithm. In order to prevent the over-concentration of computing power caused by ASIC-specific mining machines, restrictions have been placed on them. BTG switched to GPU mining and used the scheduling adjustment mechanism EDA.

To a certain extent, BTG is mainly to solve the problems of excessive concentration of BTC mining computing power and difficulty adjustment mechanism, and ultimately establish a Bitcoin version that is not affected by ASIC.

To sum up, this is the editor’s answer to the question of what kind of currency is BTG Bitcoin Gold? I hope this article explaining the relationship between Bitcoin Gold and Bitcoin can help everyone better understand the BTG currency. The editor of Coin Circle would like to remind all investors that when choosing a digital currency, you must choose based on the strength of the project team. For those projects where the founder clears out, the team does not do practical things, and the community is not popular, we must all Stay away from it, there is no sense in investing in a project like this. This is the case with BTG. Only through the popularity of BTC can it gain some popularity, so when you choose, you can't choose based on fame alone.