Bitcoin gold future

He graduated with a degree in computer science from Fudan University in His professional career started right after he graduated. In late , Yin became a software engineer for Google. After three years with the tech giant, Hang Yin decided to venture into entrepreneurship by starting Bitcoin Gold. In , he also participated in the founding of HashForests. Martin Kuvandzhiev is the second co-founder of Bitcoin Gold, and he is also a board member at the company.

Since co-founding Bitcoin Gold in , he has also launched another company called GoStartups. What Makes Bitcoin Gold Unique? Bitcoin Gold is a unique combination of the inherent properties of the original Bitcoin blockchain and an innovative approach to blockchain development and applications.

As a hard fork of the original Bitcoin token, BTG aims to revolutionize the mining process by introducing a new proof-of-work algorithm that combats the scalability issues Bitcoin struggles with. As an open-source protocol, Bitcoin Gold allows developers to participate in the governance and development of the blockchain freely.

According to the company, this is a must-have requirement for pushing decentralization and one of the major points where Bitcoin struggles. They wanted to use the security of the Bitcoin blockchain but improve on two issues facing Bitcoin — accessibility and scalability. Instead of requiring large, costly equipment to mine BTG, individuals with a standard computer can get involved.

In contrast to the other prominent Bitcoin forks, Bitcoin Gold was specifically designed from the beginning to inspire innovation in the Bitcoin ecosystem and give value to the vision of decentralisation. After its launch in , Bitcoin Gold experienced a meteoric rise in value. In early , however, the BTG price began to rise. The coin continued to suffer in the long-running bear market. The coin has regained some market traction. Bitcoin Gold overview Bitcoin Gold has a maximum supply of 21 million BTG coins and a current circulating supply of But how do these figures impact a BTG price prediction?

Instead of viewing them as absolute indicators of the future, it is wise to view them as possibilities. These predictions are AI algorithms based on past performance and do not take into account all market conditions, and should not be considered as investment advice. Some analysts forecast that BTG will go up while others believe it will go down.

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This is both good and bad because having a lot of hash power in a Blockchain is not necessarily bad. But when there is no control on who can mine, when, and how much hash rate. Well, this becomes a big problem! So why will it become a problem?

You may know that when you send your coins to someone else through a blockchain, these coins become unspent and cannot be spent again. But in the case of Bitcoin Gold, this will not be the case. This can have enormous consequences. Well, what is Mining? The more hash power they have, the more coins they can mine! Read more about digital wallets here. If you believe that it is the future, then you should definitely buy Bitcoin Gold.

If you would like to make quick short-term profit, then it is probably not a worthwhile investment for you. On the other hand, if you are interested in making a long-term investment, then Bitcoin Gold can be a good addition to your portfolio. Is Bitcoin Gold profitable?

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