Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forks => Bitcoin Forum => Bitcoin Gold => Topic started by: Claus on March 21, 2018, 08:19:17 AM
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What is the difference between Bitcoin Gold and Bitcoin?
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Bitcoin Gold (BTG) forked from Bitcoin (BTC) around 6 months ago. BTG uses GPU mining hardware instead of Asic like BTC, I believe they are trying to make it more accessible to the 'average' miner. And the difficulty adjusts every block with BTG, instead of every two weeks with BTC.
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The bitcoin gold and bitcoin are desame it is digital currency and not a fiat money but the difference of bitcoin gold between bitcoin is a value and volume because we know that bitcoin is the first currency in digital world and bitcoin is one and only big value and volume than others and that's also difference of two more profits and benefits in bitcoin than bitcoin gold.
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The developers of BTG took the main Bitcoin (BTC) code, known as “Bitcoin Core,” and modified it. They also chose to fork the Bitcoin blockchain, copying its transaction history and using it as the basis for their own blockchain. Bitcoin Gold tackles a problem some see with Bitcoin: the increasing centralization of Bitcoin mining that requires specialized hardware and makes it impossible for the average person to mine. In a nutshell bitcoin gold was borne out of bitcoin
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Bitcoin is the crypto currency that was first born before Altcoin was launched. While bitcoin gold is a fraction of bitcoin, just like bitcoin diamond or bitcoin cash. This BTG can be mined easily using the GPU.
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Both coins are clearly different. As far as I know Bitcoin Gold is a fraction of Bitcoin. But BTG is easier to mine than Bitcoin. This is because BTG uses the algorithm equihash, unlike Bitcoin that uses Sha25.
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Bitcoin gold and the original bitcoin are also the same. Bitcoin gold aims to keep most properties of the original Bitcoin protocol. The main difference is restricted to the use of specialized chips for mining, and the way the transactions are added to a blockchain.
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Bitcoin Gold is a distributed digital currency. It is a hard fork of Bitcoin, the open source cryptocurrency. The stated purpose of the hard fork is to restore the mining functionality with common Graphics Processing Units (GPU), in place of mining with specialized ASIC (customized chipsets), used to mine Bitcoin.
ASIC resistant GPU powered mining provides a solution, as this kind of hardware is ubiquitous, and anyone can start mining with a standard, off-the-shelf laptop computer.Bitcoin Gold was hit by double-spending attack on May 18, 2018.Bitcoin has been criticized for its use in illegal transactions, its high electricity consumption, price volatility, thefts from exchanges, and the possibility that bitcoin is an economic bubble. Bitcoin has also been used as an investment, although several regulatory agencies have issued investor alerts about bitcoin.
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Yes, you right,and in addition, Despite their names, Bitcoin Cash, Bitcoin Gold, Bitcoin Diamond, Bitcoin Private, and others are not the same thing as Bitcoin. They are hard fork and soft fork of Bitcoin.
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In essence, Bitcoin Gold is very similar to bitcoin. They both have the same transaction-processing time of 10 minutes (ie, it takes approximately 10 minutes to confirm a transaction after cryptocoins have been transferred) and they both have 21 million coins maximum supply (ie, there will never be more than 21 million BTG in circulation).
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Bitcoin gold is the secondary of bitcoin. Actually it is a fork of bitcoin more focus in the aspect of mining. Bitcoin is the first ever coin who started decentralized concept that now is a major issue to government and in the countries economic growth.
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bitcoin gold is a child from bitcoin who adopts the name of bitcoin too, and bitcoin in my opinion has a different popularity from bitcoin
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Bitcoin Gold is the hardfork result of Bitcoin.
At that time it was almost the same as the hardfork BitcoinCash.
The function and purpose of Bitcoin Gold is that mining is lightweight and the fees are cheap but for the sake of Bitcoin Gold it cannot compete with Bitcoin.
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Bitcoin Gold is a distributed digital currency. It is a hard fork of Bitcoin, the open source cryptocurrency. The stated purpose of the hard fork is to restore the mining functionality with common Graphics Processing Units (GPU), in place of mining with specialized ASIC (customized chipsets), used to mine Bitcoin.
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Bitcoin gold is a hard fork of bitcoin that is introduced in coinmarketcap in November 2017. Which is now very popular and profitable.
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I have no idea ,
I also feel BitcoinGold doesn't have the full power to continue to be in cryptocurrency.
Bitcoin Gold lost too much price compared to its rival BitcoinCash and this made me feel disappointed.
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For me its look like that both Bitcoin Gold & Bitcoin Diamond is a SCAM
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The reason that the price of BTG has dropped so much is that this coin has no utility, for example, as a utility token. If developers integrate a coin into some services, platforms, so that the coin has practical application in the crypto world, then there is a chance that its price will start to grow due to increased demand.
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I just started reviewing The Definitive Guide to Gold, a free 65-page ebook that explains how gold have necessary role for financial success. It's really good to see how technology is helping gold industry.
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Even though BTG is a cryptocurrency with Bitcoin fundamentals, mined on common GPUs instead of specialty ASICs.
ASICs tend to monopolize mining to a few big players, but GPU mining means anyone can mine again - restoring decentralization and independence. GPU mining rewards go to individuals worldwide, instead of mostly to ASIC warehouse owners, recreating network effects that Bitcoin used to have. Yet still bitcoin has the largest community based and is the most trusted and accepted coin. I therefore prefer bitcoin to BTG.
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Bitcoin is a king of crypto currencies.it is more stronger than other altcoins.Also Bitcoin gold is a fork of bitcoin that occurred on October 2017.Basically both bitcoin and bitcoin gold are best coins to invest in.
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unlike bitcoin that uses consensus alogrithm bitcoin cash uses Equihash alogrithm and Bitcoin Gold has graphic processing unit and is also the most accessible cryptocurrency compared to Bitcoin and even Bitcoin cash