Bitcoin Gold (BTG)
Bitcoin Gold (BTG) is a hard fork of the original cryptocurrency, Bitcoin. It was introduced by Jack Liao and represents an open-source, decentralized digital currency. Like Bitcoin, it operates without a central bank or intermediary, allowing transactions between users on its peer-to-peer network.
Overview
Bitcoin Gold shares fundamental principles with Bitcoin but is designed to be mined using general-purpose graphics processing units (GPUs) instead of specialized application-specific integrated circuits (ASICs). This approach aims to distribute mining rewards more widely across individual miners worldwide rather than concentrating them in large ASIC mining operations. The fork from the Bitcoin blockchain occurred on October 24, 2017, at block height 491407. This initiative sought to create an ASIC-resistant version of Bitcoin to decentralize mining power further. The concept echoes Satoshi Nakamoto's original vision of "one CPU one vote," enabling every node to participate in the mining process.
| Ticker | BTG |
| Category | Cryptocurrency |
| Website | https://bitcoingold.org/ |
| @bitcoingold |
Tokenomics
Bitcoin Gold has a total supply of 21 million BTG tokens. Of this total, 30% was allocated to the development of the blockchain and the project itself. Another 15% was set aside for ecosystem support and development, while another 15% was distributed among the BTG community. Additionally, 20% of the total token supply was earmarked for yearly expenses. Approximately 7% of BTG tokens were reserved for bounties and app collaboration, with another 5% allocated as rewards for the founding team. The remaining 8% of tokens were used to cover pre-fork costs and community development.
Team
- Jack Liao - Founder
- H4X3ROTAB - Lead Developer
- Martin Kuvandzhiev - Operations Lead
- Franco Niebles - Lead Designer
- Edward Iskra - Communications Director