What is BTG?
BTG, or Bitcoin Gold, is the hard-fork of Bitcoin that includes a new scripting function and a ten-fold increase in supply to combat ASICs mining. Bitcoin Gold is a decentralised, open-source, digital currency that may be sent from one user to the other on the P2P network on Bitcoin Gold without the need of a middleman or bank. The claimed goal of this hard fork is to modify the Proof-of-Work (PoW) algorithm so that the Application Specific Integrated Circuits used in the mining of Bitcoin cannot be used in mining the Bitcoin Gold blockchain. The main goal is to democratise and decentralise cryptocurrency mining and distribution. Bitcoin Gold uses Equihash (vs. SHA256), a PoW consensus method with large memory requirements, making it inefficient for ASIC processors to participate in the mining process. Additionally, 8,000 BTG have been pre-mined for Bitcoin Gold's dedicated developer fund. Bitcoin Gold (BTG), like Bitcoin, aspires to be used as a store of value and a medium of exchange.