StormGain offers you opportunities to buy (go long) or short sell on all trades on Bitcoin Gold.
What is Bitcoin Gold? Table of Contents
What is Bitcoin Gold?
Bitcoin Gold (BTG) arises from the second fork of Bitcoin (i.e. the second version originating from the Bitcoin source code) after bitcoin cash.
The Bitcoin Gold fork took place on October 24, 2017, at block 491,407.
This cryptocurrency maintains bitcoin’s transactional history, so if you owned Bitcoin before the fork, you now have an equivalent number of Bitcoin Gold.
This cryptocurrency aims to introduce an alternative mining algorithm less susceptible to ASIC-based optimization, thus allowing users to earn more with their computer cycles.
Invest in Bitcoin Gold with StormGain
Beginning of Bitcoin Gold
It certainly cannot be said that this Bitcoin-born cryptocurrency has had a promising start.
Immediately after launching in late October, the website went offline due to a DDOS attack.
This has pushed the price of Bitcoin Gold significantly lower.
According to finance leaders CoinMarketCap, Bitcoin Gold opened trading at 20:00 UTC at a price of $ 479 and then dropped at 16:11 UTC to $ 274.44.
In addition to taking the site offline, the main contributing factor to the devastating decline was the lack of support from the Bitcoin community.
Bitcoin Gold is an extremely volatile asset and therefore continues to have bullish and bearish trends.
5 things to know about Bitcoin Gold
- The BTG cryptocurrency was created by Jack Liao, founder of the Lightning ASIC (a Hong Kong-based computer mining company). Liao made the project public in July 2017.
- Equihash is the new Bitcoin Gold protocol. Bitcoin uses the secure hash algorithm (SHA-256 bit). BTG will replace the algorithm with a PoW algorithm, Equihash, which some say is superior, with more memory and faster execution.
- To ensure the security of the Bitcoin ecosystem, BTG implements unique cryptocurrency wallet addresses and a dual system of protection from hackers and other threats.
- Complete transparency with a free open-source software project. This project is carried out by volunteer and enthusiastic Bitcoin developers around the world.
- Since Bitcoin Gold uses a decentralized mining system, it offers users an opportunity to mine with the regular and ubiquitous GPUs (Graphics Processing Units).
By trading with StormGain you are trading on BTG price changes, which is not physically purchased.
Do not miss the opportunity to invest in Bitcoin Gold.
Go to StormGain’s Official Website
Invest in Bitcoin Gold
StormGain offers you opportunities to buy (go long) or short sell on all trades on Bitcoin Gold.
The service is available 24/7.
You can use your favorite trading strategies regardless of the currency direction.
Please note: the high volatility of the cryptocurrency market offers endless trading opportunities.
Due to price fluctuations, some cryptocurrency pairs may be suspended and/or removed from trading platforms on a periodic basis.
When trading with StormGain, you are trading on digital currency price changes, you are not buying physically.
The maximum accumulated position size for Bitcoin Gold is the notional value of $ 50,000 notional value, more details on our Terms and Fees page.
Please click "Introduction of StormGain", if you want to know the details and the company information of StormGain.
Comment by Hans
April 24, 2024
as I am trading here various assets, for me it's the most important feature. i mean, flexibility in tradable markets. i alternate trading styles, meaning that sometimes I trad...