Bitcoin Gold (BTG) is a cryptocurrency created on October 24, 2017, as a hard fork of the Bitcoin blockchain. This fork separated Bitcoin Gold from the original Bitcoin blockchain, allowing it to operate on an independent network. The primary goal of Bitcoin Gold is to make the mining process more decentralized and democratic. To achieve this, it uses the Equihash algorithm instead of Bitcoin’s SHA-256. Equihash enables mining with graphics processors (GPUs), reducing the dominance of specialized ASIC devices in mining.
In the last 24 hours, BTG has experienced a 21.49% decline, making it one of the day’s biggest losers. A South Korea-based cryptocurrency exchange has announced the decision to terminate trading support for Bitcoin Gold (BTG). Users have until February 22, 2025, to withdraw their BTG holdings. The exchange cited declining interest in the project and low trading volume as reasons for the decision. This announcement may have contributed to the drop in BTG's price.
