Bitcoin Gold Profile (BTG)
Project Safety Score
Wed, Jan 26, 2022 6:28 AM
Bitcoin Gold hopes to change the paradigm around mining on the Bitcoin blockchain. According to the founders, the Bitcoin blockchain has become too centralized. Large companies with huge banks of mining computers now mine the vast majority of Bitcoin. For the founders of Bitcoin Gold, having large companies control the Bitcoin network defeats the purpose of a decentralized ledger and peer-to-peer currencies. In response, they’ve initialized the Bitcoin Gold project. It’s an alternate fork of the Bitcoin blockchain that implements changes that make mining more equitable. The goal of Bitcoin Gold is to create a network where anyone can become a miner with only basic hardware. As a result, Bitcoin Gold mining would be spread among many miners, instead of a few large companies.There have several features such as decentralization. Bitcoin Gold decentralizes mining by adopting a PoW algorithm, Equihash-BTG, which cannot be run on the specialty equipment used for Bitcoin mining (ASIC miners.) This gives ordinary users a fair opportunity to mine with common GPUs. Besides, there have fair distribution. Hard forking Bitcoin’s blockchain fairly and efficiently distributes 16.5 million BTG immediately to people all over the world who have interest in cryptos. Other methods, such as creating coins with a new genesis block, concentrate ownership within a small group. There also have a replay protection. To ensure the safety of the Bitcoin ecosystem, Bitcoin Gold has implemented full replay protection and unique wallet addresses, essential features that protect users and their coins from several kinds of accidents and malicious threats. Most new mineable cryptocurrencies involve ASIC-resistant hashing algorithms, and it’s becoming something of an industry standard to promote decentralization. In that respect, Bitcoin Gold holds a lot to be excited about. At its core, it’s about transitioning the Bitcoin network to more decentralized mining. However, as we saw above, there’s not much evidence that the current Bitcoin mining system is broken. There have been some small complaints, and it’s not ideal that the network is so centralized. Nevertheless, miners on Bitcoin have a lot to lose if they wield their power too aggressively. There are also new entrants to the Bitcoin mining community that are decentralizing control from a few key ASIC farms. The general consensus from Bitcoin experts is there’s not enough new in Bitcoin Gold to warrant an independent investment. While it certainly doesn’t hurt to hold onto your free BTG that you receive as a result of the fork (if you owned Bitcoin before Oct 24), wait until the dust settles before deciding whether to buy more."
Read more in the whitepaper:
Bitcoin Gold Project Statement
Project statements are provided by senior members of the project team and serve to tell the reader why the project has honorable intentions and why is definitely not a scam.
Please get in touch to submit a project statement for this project. Emails must be sent from official domain email addresses and will be verified before being accepted.
Bitcoin Gold Safety Report
Bitcoin Gold has a safety score of 5.64
Bitcoin Gold is a small cap coin.
Bitcoin Gold is suited to a balanced investment style.
Bitcoin Gold Profile
This profile has enough data to perform a thorough analysis. But any missing data will have a negative impact on the overall rating.
- tradingview profile
Bitcoin Gold Red Flags
There are currently no Bitcoin Gold red flags.
Bitcoin Gold Development Score
The Bitcoin Gold project has 28 active source code repositories.
The most recent commit was Thu, May 20, 2021 10:24 PM
- 222 Watchers
- 681 Stars
- 672 Mentionable Users
- 0 Vulnerabilities
- No commits in the last 28 days
- daily repo updates
- good stars
- good mentionable users
- very low watchers
- no repo stars
Bitcoin Gold Sentiment Score
The sentiment score indicates how well the wider community regards the project. We analyse social media platforms such a Reddit, Twitter etc to access if the community is talking positively or negatively about a project. Or if they are even talking about the project at all!
The more articles that are available to analyse, the more confident we can be about the score. If there is not a lot of data available on the internet to use, this should be a redflag as it can indicate that no one is posting or writing about this project.
- The overall sentiment is extremely positive
- Enough of a collection of articles to be just about confident of the sentiment
Bitcoin Gold Community Score
The community score indicates how active community is. Are they writing lots of articles and engaging in lots of conversations on the web? Where is the crypto communities attention spent? There are so many hours in the day to spend writing, reading, researching a project. So how much of this time is spent on Bitcoin Gold?
The larger a community is then the more eyes are on that project. Sharing information, red flags and concerns is more likely the bigger the community is. And larger communities are alot hard to censor and control - therefore they provide a diverse range of opinions.
Overall Bitcoin Gold has a strong community, posting and creating lots of content across the internet on social media, forums, blogs and websites.
- extremely high hashtag tweets
- extremely high gitHub account watchers
- very low reddit articles
Bitcoin Gold Awareness Score
The awareness score indicates how well Bitcoin Gold is known in the main stream. Its all very well for a project to have a discord channel to have 1000 users chatting all day about how great the Bitcoin Gold is but a good measure of longevity is how well the project is known by the general public.
Overall Bitcoin Gold this project is not known by the general community. If a project is new and has not had a lot of marketing or exposure then in general as the project grows the awareness score will increase.
- low search result total
- poor number of news articles mentioning Bitcoin Gold
- very poor number of headlines about Bitcoin Gold
- very low number of Bitcoin Gold YouTube videos
Bitcoin Gold Credibility Score
The credibility score indicates how credibility a project is. Does it have a ridiculous name? Is it run by a 13yr old in their basement? Is it just 2 days old and too early to tell?
- Mature project age (released Oct 23, 2017)
Bitcoin Gold Volume Score
The volume score is the simplest of all our metrics and quite often the bottom line metric. It doesnt matter how well a project scores on the other factors, if it is only shifting a few thousand dollars a day in volume then there is a high chance you will left holding a bag
- average USD 24hr volume
Red flags come in all shapes and sizes
At the end of the day a cryptocurrency project requires you to part with your hard earned cash in order for it to become succesful.
You expect a level of transparency and professionalism from a project that is asking for your money.
There are all sorts of red flags which you should be weary of;
- 404 (missing) websites
- Expired SSL certs
- Malware/Hijacked sites
- Suspended Twitter accounts
- Private Subreddits
- SEC investiations
If you spot anything suspicious/resolved then please let us know.
Bitcoin Gold Red flags
No red flags
No red flags have been identified. That doesnt mean its a 100% safe project, it just means that no red flags have been brought to our attention.
How complete is this profile:
1 missing data point
This profile is still waiting for the following data points
- tradingview profile
Bitcoin Gold Reddit
Bitcoin Gold Github
Bitcoin Gold Twitter
Bitcoin Gold News
Horizen (ZEN) erreicht Marktkapitalisierung von 468,01 ...Sat, Jan 22, 2022 5:16 AM
«Все только начинается», — повторяет Хоскинсон ...Fri, Jan 21, 2022 9:16 PM
Krypto trh se za posledních 24 hodin propadl kvůli zprávám z ...Fri, Jan 21, 2022 5:16 PM
TNNS Pro стремится помочь спортсменам с помощью ...Fri, Jan 21, 2022 2:16 PM
Приблизительно 34 миллиона долларов в BTC, ETH ...Fri, Jan 21, 2022 9:16 AM