Bitcoin Gold (BTG)
A More ASIC-Resistant Version Of Bitcoin.- Bitcoin Gold (BTG) is a fork of Bitcoin, which introduced a change of scripting function and a change in supply by a magnitude of 10 to curb ASIC mining.
- Bitcoin Gold runs on a Proof-of-Work (PoW) consensus algorithm, Equihash (vs. SHA256), with high memory requirements, which supposedly makes it inefficient for Application Specific Integrated Circuit (ASIC) machines to participate in the mining process.
- In addition, Bitcoin Gold's supply had pre-mined 8000 BTG to assess for its dedicated developer fund.
- Like Bitcoin, Bitcoin Gold (BTG) aims to be used as a store of value and medium of exchange.