New Listing on CODEX: Bitcoin Gold [BTG]. The Second Bitcoin’s Hard Fork

Every cryptocurrency has its ideas in mind that drive the community, and Bitcoin Gold is no exception here. Being the second Bitcoin’s offspring, the Bitcoin Gold has gained its popularity rapidly, implementing the different approach in the mining process as well as changing some technical parameters. Today the BTG was successfully listed on CODEX.one, adding another digital asset for trading on the platform.

Very often, communities tend to split, due to some disagreements that can be resolved right away. And in most circumstances, these ‘splits’ lead to technology upgrades that positively affect the blockchain field. The Bitcoin Gold was forked at block 491407, on 24 October 2017, changing the mining function to EquiHash so that it could work using only GPUs, and restricting any ASIC mining. At the same time, such technical parameters as block time, supply, and block size remained the same.
The difficulty adjustment was redeveloped as well, at the moment the Bitcoin Gold Network recalculates mining difficulty every block compared to 2 weeks that the Bitcoin algorithm has. Moreover, developers have implemented the Replay Protection, which doesn’t allow broadcasting the same BTG transaction on the BTC network, thus protecting people from accident BTC loss.
Key Benefits
Every cryptocurrency offers something that most people need, or perhaps implements important things that positively affect the network. Here are the key benefits of this technology:
ASIC Resistant
Can be mined via EquiHash algorithm using GPUs
Mining Difficulty is adjusted every block
Capitalization of Bitcoin Gold (BTG):
Bitcoin Gold market cap is $179 167 087 USD and the 24h volume is $13 075 005 USD (~1302 BTC). Coinmarketcap ranks BTG 38th. The current price of BTG is $10,23.
Available Trading Pairs:
BTG/BTC
Disclaimer: The information provided does not constitute financial advice. Keep in touch with CODEX in social networks:
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AUTHOR: Jalak bali

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