Bitcoin Gold (BTG) is a distributed cryptocurrency which was created to address the lack of decentralization on the Bitcoin network. Bitcoin uses specialized ASIC chips to mine coins, resulting in high user fees which alienate all but the rich and wealthy. Bitcoin Gold uses GPU mining instead, to provide individuals with the opportunity to mine coins using standard home computer hardware.
Bitcoin Gold is a hard fork of the Bitcoin blockchain, and came into existence on October 24th, 2017. The project was founded by Jack Liao, who wanted to restore the original Bitcoin ideals of Satoshi Nakamoto, where one CPU equals one vote. Bitcoin Gold allows the average user to mine for coins, without having to be part of a professional mining team.
While addressing cost issues, Bitcoin Gold also facilitates payment transfers between global institutions, and provides the same transaction and liquidity functions as Bitcoin. BTG coins were released in proportion to the amount of Bitcoin during the hard fork, meaning a maximum of 21-million BTG will exist at any given time.