Bitcoin Gold is an open source cryptocurrency that appeared as a result of hard fork of Bitcoin. The team claims they improved Bitcoin's flaws and made it more decentralized. It is supposed to be more democratic than BTC, thus more convenient in usage.
On October 24, 2017 a hard forks of Bitcoin took place. That is when Bitcoin Gold appeared.Bitcoin Gold was founded by Jack Liao, CEO of LightingAsic and BitExchange. He has a team of 5 people.The most important question is why make hard forks. The developers' team explain it with the necessity to make Bitcoin decentralized again. But there is no problem with Bitcoin being centralized. Although there is another problem. It is a mining process. Bitcoin Gold adapted different mining algorithm called proof-of-work. Now the team promises that they won't disproportionally favor major mining operations. The main idea is to make the mining process on special equipment as fast as on a regular computer.
Let’s say you want to buy Bitcoin Gold. What should you do? We suggest you go to the SimpleSwap homepage and follow the instructions below:
This is everything you need to know to buy BTG.