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Bitcoin Gold (BTG) is a cryptocurrency that operates on the principles of Bitcoin but with a key difference in its mining process. Unlike Bitcoin, which relies on specialized ASIC miners, BTG can be mined using regular GPUs. This opens the mining process to a wider range of individuals, promoting decentralization and independence within the network. By distributing rewards to GPU miners worldwide, BTG aims to recreate the network effects that Bitcoin originally had.
Bitcoin Gold’s vision is to enhance and expand the crypto space by offering a blockchain closely compatible with Bitcoin, including features such as SegWit and Lightning Network. However, it aims to achieve this without competing for Bitcoin’s hash power or claiming to be the “real Bitcoin.” Instead, BTG provides a friendly fork that is easy to implement, encouraging the development of new technologies and attracting new developers to build on its Bitcoin-based foundation.
With the integration of Lightning Network, Bitcoin Gold enables scalable and fast transactions, with the ability to process nearly limitless payments per second. This second-layer solution, built on top of the main blockchain, opens up possibilities for innovative technologies like smart contracts. Bitcoin Gold boasts a thriving economy and ecosystem, with numerous exchanges, wallets, and mining pools supporting its network.
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