$13.18
Price (USD)
$229.54 M
Market Cap (USD)
$10.28 M
Volume (24h)
17.41 M
CIRCULATING SUPPLY (BTG)

Performance Summary

Percentile Ranking (0-100)

42
Root Rank
46
social
76
usage
33
price performance
91
development

MACD

Description

Bitcoin Gold is a community-led project to create an experimental hard fork of Bitcoin to a new proof-of-work algorithm. The purpose for doing this is to make Bitcoin mining decentralized again. Satoshi Nakamotos idealistic vision of one CPU one vote has been superseded by a reality where the manufacture and distribution of mining equipment has become dominated by a very small number of entities, some of whom have engaged in abusive practices against individual miners and the Bitcoin network as a whole. Bitcoin Gold will provide an opportunity for countless new people around the world to participate in the mining process with widely-available consumer hardware that is manufactured and distributed by reputable mainstream corporations. A more decentralized, democratic mining infrastructure is more resilient and more in line with Satoshis original vision. Perhaps, if the Bitcoin Gold experiment is judged by the community to be a success, it may one day help build consensus for a proof-of-work hard fork on Bitcoin itself.

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