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Bitcoin Gold

Oct 1, 2018 at 3:17 p.m. UTC
Updated Aug 7, 2021 at 12:15 p.m. UTC

Bitcoin Gold is the result of a hard fork of Bitcoin on October 24th 2017 with the intention to reform the mining process to reduce centralization of large businesses by changing the mining algorithm. The end result reduces the advantage of large holders of capital and specialized technology (specifically ASICs) in favor of smaller miners and common technology (standard GPUs). Bitcoin Gold’s currency took on the ticker of BTG. In 2019 Bitcoin Gold will be working on enabling private transactions. CoinDesk also provides a suite of institutional-grade price indexes. Find out more about them here.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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