Bitcoin Gold (BTGUSD) is a new cryptocurrency based on the Bitcoin blockchain. Bitcoin Gold is another Bitcoin hard fork that followed Bitcoin Cash.
It was created by Jack Liao, the CEO of Lightning ASIC, a digital coin mining company headquartered in Hong Kong.
The Bitcoin hard fork that led to Bitcoin Cash and Bitcoin Gold launching occurred on the 24th of October, 2017. On the 12th November, 2017, Bitcoin Gold mining was made available to the public, while new blocks were added to the blockchain.
As expected, the blockchain release attracted a lot of trader interest. Even two days before the release, the price rose significantly and reached $500.
Bitcoin Gold aims to become a better 'digital gold' than regular BTC. The creators intend to achieve this target by solving the mining centralisation issue through the Proof-of-Work (P-o-W) algorithm.