$BTG / $BTC are we going to break this resistance soon?
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BTG / BTC are we going to break this resistance soon? looking strong on daily chart. keep an eye on this one.
BITCOIN-GOLD Scoring Overall Score: 77.65% Open communication channels: 100% Team strength: 60% Product strength: 76% Coin strength: 73% Brand awareness/Buzz: 80% Advisory board strength: 25% Activity on social media: 95%
Quick Research Purpose: BTG is a Bitcoin fork that is ASIC resistant (to prevent miner centralization), uique address format, and dynamic difficulty adjustment.
Product Status: Fully working product Consensus Method: Proof of work Emission rate: Emitted in proportion to amount of network activity TXN'p/s: 0
Abstract: 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 Satoshi Nakamoto’s idealistic vision of “one CPU one vote” has been superseded by a reality where the manufacture and distribution of mining equipment has become dominated by a very small number of entities, some of whom have engaged in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 Satoshi’s 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.
Investment data Listed on 28 exchanges CoinMarketCap Rank: 30 Market Cap: $553 M 24H Volume: $11 M Coin Age: 8 months