Bitcoin Gold or BTG is a cryptocurrency. It is an open source cryptocurrency, a hard fork of Bitcoin. It is a 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. Bitcoin Gold is extended by Lighting Network, which scales to route nearly limitless payments per second. This is an example of a “second layer” solution living atop the main blockchain. Bitcoin Gold was designed to decentralize mining and to verify and validate Bitcoin transactions. All transactions of Bitcoin before the hard fork were retained and all Bitcoin holders before block 491406 were awarded an equal amount of Bitcoin Gold. Over the longer term, bitcoin gold will conduct research on smart contracts and blockchain democracy, as well as develop a decentralized fiat-crypto brokerage network. Like most cryptocurrencies, bitcoin gold has had its share of detractors and controversies.
Original author – Alejandro Regojo, Hang Ying
Initial release – 24 October 2017
Development status – Active
Website – bitcoingold.org