What Is Bitcoin Gold (BTG) And How To Get It
Bitcoin Gold (BTG) is a cryptocurrency. It is a hard fork of Bitcoin, the open source cryptocurrency. It is an open source, decentralized digital currency without a central bank or intermediary that can be sent from user to user on the peer-to-peer Bitcoin Gold network.
What is Bitcoin Gold
Bitcoin Gold features the same block chain as Bitcoin, the same ledger of transactions, the same hashrate, but with a slightly different method of validation. However, the consensus is that you can consider it an offshoot of Bitcoin. How to Get Bitcoin Gold You can download the Bitcoin Gold wallet from the official website. It is not a centralized service and does not provide a wallet where you can store your bitcoins. Once downloaded, you can join the network and use your private key to generate a recovery seed which you can distribute. Your recovery seed is good for your own private keys, which you must use to access your wallet from anywhere in the world. This will prevent your wallet from getting stolen.
Also read :- How to mine Etherium Classic
How do I get Bitcoin Gold
Bitcoin Gold was forked from Bitcoin on October 25, 2017 by BTG devs and miners after discussion with developers and miners on the Bitcoin network. On October 28, the BTG development team created a pre-mine and by May of 2018 BTG was traded on many exchanges. You can find Bitcoin Gold coins on Bittrex, Poloniex, and now here on GDAX. GDAX also offers a link for BTG to mine on Monero coin. Here is how to get BTG: Buy coins on GDAX, a regulated market exchange. Trade on Bittrex, a self-explanatory market Mine on Bitcoin mining service Bitmain's mining pool as a cost-effective way of purchasing. Bitcoin Gold's Pre-Mine The pre-mine of Bitcoin Gold coins is 1,399,999,999.82 coins. This is the value of the pre-mine before the BTG split from Bitcoin.
Where can I spend Bitcoin Gold
BTG is not an exchange-traded security and is not a regulated entity. The value of Bitcoin Gold fluctuates, and the trading volume of Bitcoin Gold is nowhere near that of Bitcoin. That means that you can buy, sell and send Bitcoin Gold only to people that you know and trust. To find out how to purchase Bitcoin Gold from exchanges visit the Bitcoin Gold link. This link will lead you to a page that displays each cryptocurrency exchange that carries Bitcoin Gold, including in a descending order. At the time of this writing the most popular exchange to buy Bitcoin Gold is BTC38. You can only spend Bitcoin Gold to other people in the Bitcoin network. How Can I Get Bitcoin Gold? There are several ways to acquire Bitcoin Gold, including: You can acquire Bitcoin Gold by mining it yourself.
Conclusion
Bitcoin, Bitcoin Cash, and Bitcoin Gold (BTG) are a generation in the history of digital currency. Bitcoins are the descendants of Bitcoin Cash, the Bitcoin of 2009-2016. The Bitcoin (BTC) or Bitcoin (BCH) of today is the descendant of Bitcoin Cash. By my estimation, the total market cap of BTC and BCH in circulation right now is in the range of $10 billion. Bitcoin Cash (BCH) was born of Bitcoin's fork in August 2017. That day, Bitcoin was split in two. A fork occurs when a new type of a distributed network is created. The first type of a distributed network created is called a child chain. Bitcoin Cash is a child chain that exists today. In 2017, there were many other forks.