Last Updated: 24/08/2022
Official Website: https://bitcoingold.org/
Bitcoin Gold (BTG) is a cryptocurrency with similar properties to Bitcoin (BTC) that is mined using standard GPUs rather than specialized ASICs. It was founded in 2017 as a user-friendly alternative to Bitcoin. The BTG network intends to bring together the robustness, security, and features of the Bitcoin blockchain with the chance for experimentation and development.
The start-up wants to offer a coin that can be implemented similarly to Bitcoin while also giving DeFi and DApp developers more options to use the token.
ASICs sometimes restrict mining to a small number of powerful players, however GPU mining allows anybody to mine once more, re-establishing decentralization and independence. Instead of going largely to owners of ASIC warehouses, GPU mining profits are distributed to users globally, re-creating the network effects that Bitcoin once had.
The original Bitcoin blockchain's inherent qualities are combined in a special way with a cutting-edge method of creating and using blockchain apps to create Bitcoin Gold. BTG, which is a fork of the original Bitcoin coin, intends to transform mining by implementing a new proof-of-work algorithm that addresses the scalability problems Bitcoin faces.
The Bitcoin Gold Organization is a multi-national group of more than 20 individuals with a range of education and experience. In the summer of 2017, a group of six Co-Founders started it. The Board makes strategic decisions after consulting the Team and Advisors.
LN stands for Lightning Network.
For the full list of compatible wallets please visit https://bitcoingold.org/ecosystem/#wallets.
You can Buy & Sell Bitcoin Gold (BTG) by heading over to the Buy Coins page of our website. Bitcoin Gold (BTG) is available on BC Bitcoin trading against major fiat currencies: GBP and EUR. Buying BTG has never been easier, simply place your order and provide your wallet address. Once your payment arrives Bitcoin Gold (BTG) will be sent directly to your wallet.
If you choose to Sell Bitcoin Gold (BTG) you can send us the coins and receive a payment to your bank account. Details and valuation can be found on our Sell Coins page.
Block Explorer: https://explorer.bitcoingold.org/insight/
Disclaimer: The information provided in this article is intended for informational purposes only. It is the readers responsibility to complete their own research and due diligence.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.
2. **Continued Operation Outside the UK:**Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.
3. **Withdrawal of Assets:**For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.
4. **Conversion of Assets:**To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing email@example.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.
5. **Withdrawal Procedure:**To initiate a withdrawal, please email your request to firstname.lastname@example.org from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at email@example.com Kind Regards