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Bitcoin Gold features, mining, rate and prospects

Published

4 years ago

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Bitcoin Gold is a cryptocurrency based on the original Bitcoin blockchain. As the name suggests, this is a fork of the very first digital coin. It is a soft fork – that is, to create and run the crypt, the open source Bitcoin code was copied with some changes.

The new cryptocurrency project was officially launched on October 25, 2017. On this day, the developers of Bitcoin Gold BTG copied the Bitcoin blockchain and subsequent blocks began to be generated in their own network. What is the meaning of this fork, and what are the prospects for gold Bitcoin in 2021?

Bitcoin Gold features

The emergence of Bitcoin Gold was preceded by another fork – Bitcoin Cash. Apparently, the cryptocurrency developers decided to play on a well-known name, because many cryptocurrencies that appeared long before the new Bitcoins are also forks of the original network, but at the same time have more unique names.

The person representing the Bitcoin Gold cryptocurrency development team is Jack Liao from China. Like many of his compatriots, he became famous more in the field of mining than in creating revolutionary crypto opportunities.

Perhaps that is why affordable mining has become the main feature of BTG. After all, it’s not a secret for anyone that the current Bitcoin mining is the lot of powerful industrial ASIC farms, while the usual video cards (GPUs) have become completely ineffective.

hus, the “noble” goal of Jack Liao and his team is a popular Bitcoin with decentralized mining, available for mining to an average cryptocurrency user. To implement this feature of confirmation of work, the Equihash hashing algorithm is used. It is optimized specifically for GPU mining and is not compatible with ASIC processors.

At the very beginning, the developers announced the launch date for the mining network – November 1, 2017. However, the system was not brought to mind, so the network worked for some time only in test mode. The long-awaited launch of BTG mining took place on the night of November 12-13, 2017.

Bitcoin Gold mining

The complexity of Bitcoin gold allows you to mine coins using Nvidia and AMD video cards, but it is preferable to do this using the first option. The following Nvidia video card models are optimal for BTG mining:

  • GTX 1060 (from $200);
  • GTX 1070 (from $400);
  • GTX 1080 (from $650).

Or more advanced video card models. It is highly desirable to have a powerful PC in terms of basic parameters and high-speed Internet. Before mining BTG, you also need to find a cold place to install the farm in order to reduce the thermal load on the video card cooled by the standard fans. After all, effective BTG mining requires almost uninterrupted operation of the farm.

To receive a reward, you need to create a Bitcoin Gold wallet – the corresponding address can be obtained on the bitcoin exchange Cryptex without verification or in a multicurrency wallet. The official website of Bitcoin Gold provides a list of pools for mining. There are two types of Bitcoin Gold pools:

  • with personal reward;
  • with shared reward.

A personal reward goes to the one whose farm was the first to solve the problem. The owner of this farm ultimately receives the mined coins from the current complexity in full. Such pools are worth choosing if the farm has high capacity to compete successfully. The more powerful the farm, the higher the chance that it will be the one who will solve the calculations.

The shared reward goes to all participants in the pool, in proportion to the capacity of their farms. This option is best suited for small budget home farms, since regardless of who from the pool solved the calculations, the reward will be shared among the participants.

After selecting the pool and downloading the software, copy the Bitcoin Gold wallet address to the appropriate section. The pools also have settings that allow you to set the minimum amount of reward accrued by the pool. When setting this parameter, you should consider the technical capabilities of your farm.

To start mining, you need to download a miner with Equihash technology support. The software is able to determine the parameters of the video card itself and set the appropriate settings for mining. In the created bat-file, write the server address, port, username, etc. Mining can be started and monitored in the miner’s software window.

Bitcoin Gold rate and prospects in 2021

BTG trading started in October 2017 on cryptocurrency exchanges at about $100 per coin. The maximum was achieved on November 11 of 2017, before the official launch of crypto mining. Then the cost of one coin reached 422 dollars.

With the increased flow of Bitcoin gold transactions in just a few days, the BTG rate dropped by more than 2 times, and at the beginning of 2018 it turned out to be in a range that is relevant to this day. In 2020, the cost of one BTG coin ranged from $5 to $15.

If you look at the Bitcoin Gold rate chart, you can trace the typical exchange dynamics of a cryptocurrency with volatility in the middle range. Nowadays, BTG is interesting for miners with video cards, who do not consider long positions in this cryptocurrency and in fact immediately sell the mined coins.

The other side of BTG is speculative market interest. In short-term transactions, Bitcoin Gold is actively used, and pumping and dumping schemes are quite clearly traced. There are no special prerequisites for a significant growth in this in 2021, as well as factors for its collapse, but the future growth may be followed by the original Bitcoin growth that we see in the past few weeks. The development team led by Jack Liao is actively supporting their project, but their reputation in the crypto world is not entirely perfect.

The daily volume of transactions with gold bitcoin exceeds $8.5 million. This is almost a 5.5 thousand times less than the original Bitcoin. Like the original Bitcoin, Bitcoin Gold has a limited supply of 21 million coins. Given the complexity of Bitcoin Gold mining, there are still several years before the last coin is mined, so interest from GPU miners in 2021 will not disappear, unless, of course, more profitable competitors in terms of mining on video cards appear.

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Blockchain

Upcoming Layer 1 merging from UAE: Gaya Blockchain

Published

2 weeks ago

on

January 10, 2025

By

Gaya Blockchain is an upcoming innovative blockchain that unifies gaming, decentralized finance (DeFi), SocialFi, and real-world asset tokenization into a single, user-friendly ecosystem.

Raised 20 million AED from Capstone Technology Group as their lead VC based out of UAE.

Gaya will be powered by its native utility token, GayaCoin, GAYA aims to bridge fragmented digital domains while promoting sustainability, inclusivity, and user empowerment.
– GayaCoin public-sale is mentioned to be released Q1 2025.

GAYA has ambitions to not just please the institutional market as the most advanced Blockchain coming from UAE but also to facilitate a better consumer engagement than EVM for developers and users.

Founding team Abdullah Al-Maksour, Aws Bashir & Sanad Al-Asiri.

Twitter (X): https://x.com/GayaBlockchain
Instagram: https://www.instagram.com/gaya.blockchain?igsh=MTFwY3E2eGxuZzd2dA==
Website: https://www.gayablockchain.io/ 

Key Highlights

  1. Unified Ecosystem: GAYA integrates diverse digital domains like gaming, DeFi, SocialFi, and tokenized real-world assets into a cohesive platform.
  2. Sustainability: The platform pioneers eco-conscious blockchain practices, including carbon tracking and incentivized green initiatives.
  3. Empowering Users: Democratizes access to premium assets and decentralized governance, giving users control over the platform’s future.
  4. Strategic Regional Leadership: As the first Layer 1 blockchain in the UAE, GAYA is uniquely positioned to bridge local and global blockchain adoption.

Vision and Mission

GAYA envisions a blockchain future driven by sustainability, inclusivity, and user empowerment. Its mission includes:

  • Unifying Digital Ecosystems: Bringing together gaming, DeFi, SocialFi, and tokenized real-world assets on one accessible platform.
  • Promoting Sustainability: Adopting eco-friendly blockchain practices, including low-energy protocols and incentives for green initiatives.
  • Empowering Users: Ensuring decentralized governance and broad access to premium digital tools.

Ecosystem Overview

GAYA operates on a scalable Layer 1 blockchain and supports decentralized applications (dApps) powered by GayaCoin. Key components include:

1. Play-to-Earn Gaming

  • Players earn GayaCoin and NFTs, which can be traded, staked, or reinvested within the ecosystem.
  • Combines engaging gameplay with tangible financial rewards.

2. DeFi Platform

  • Offers staking, lending, and borrowing services focused on sustainability.
  • Prioritizes green investment opportunities.

3. SocialFi Integration

  • Rewards content creators via decentralized revenue-sharing models.
  • Features innovative governance structures to empower users.

4. Real-World Asset Tokenization

  • Enables fractional ownership of tangible assets like renewable energy projects.
  • Facilitates eco-conscious investments, making sustainable assets more accessible.

Strategic Positioning

As the UAE’s first Layer 1 blockchain, GAYA integrates culturally relevant and energy-efficient solutions to drive adoption both locally and globally. The platform’s unique positioning allows it to:

  • Lead Sustainability: Through low-energy protocols and eco-incentives, GAYA minimizes its environmental impact.
  • Empower Users: Fosters inclusivity with decentralized governance, enabling users to shape the platform.
  • Support Developers: Provides robust tools like SDKs, APIs, and a Testnet, coupled with incentives such as grants and bug bounties.

Core Features of GAYA

GAYA’s unique infrastructure is designed to tackle major blockchain challenges like scalability, sustainability, interoperability, and governance. Below are its standout features:

1. Layer 1 Blockchain

  • Proof-of-Stake (PoS) consensus mechanism eliminates energy-intensive mining.
  • High Throughput: Processes thousands of transactions per second (TPS) with minimal latency.
  • Security and Decentralization: Ensures robust network integrity without intermediary chains.

2. Eco-Conscious Design

  • Carbon Tracking: Records the carbon impact of transactions, promoting eco-conscious usage.
  • Sustainability Incentives: Rewards users who support green initiatives.
  • Energy Efficiency: PoS minimizes energy consumption while maintaining security.

3. Interoperability via Gaya Virtual Machine (GVM)

  • Ethereum Compatibility: Fully supports Ethereum Virtual Machine (EVM), enabling seamless migration of Ethereum-based dApps.
  • Enhanced Collaboration: Promotes interoperability between GAYA and Ethereum ecosystems.
  • Scalability: Built to handle large-scale dApps with consistent performance.

Key Milestones and Future Outlook

  • Funding Success: GAYA has raised over 20 million AED from Capstone Technology Group, a leading UAE-based venture capital firm.
  • Token Generation Event (TGE): Scheduled for Q1 2025, the launch of the $GAYA token marks a significant step forward.
  • Leadership Team: The platform is led by Abdullah Al-Maksour, Aws Bashir, and Sanad Al-Asiri, all UAE residents with a vision to shape the blockchain landscape.


Why GAYA Stands Out

  1. Sustainability Focus: By embedding green practices and rewards, GAYA aligns with global sustainability goals.
  2. User-Centric Approach: Decentralized governance ensures users have a say in the platform’s evolution.
  3. Innovative Technology: GVM’s compatibility and high-performance features enable seamless dApp integration.
  4. Regional and Global Impact: As the UAE’s pioneering Layer 1 blockchain, GAYA bridges the gap between regional innovation and global adoption.

Conclusion

GAYA represents a paradigm shift in blockchain technology by seamlessly blending gaming, DeFi, SocialFi, and real-world asset tokenization. Its commitment to sustainability, inclusivity, and user empowerment makes it a standout platform in the blockchain space. With a robust infrastructure, eco-conscious design, and a forward-thinking team, GAYA is poised to redefine how digital ecosystems operate, both in the UAE and beyond.Stay tuned for the GayaCoin TGE launch in Q1 2025.

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SwapSpace app review: seamless crypto exchanges anytime, anywhere

Published

4 weeks ago

on

December 23, 2024

By

Cryptocurrency swaps have traditionally been riddled with challenges: complex processes, hidden fees, and the hassle of comparing rates across multiple platforms. SwapSpace revolutionized this landscape as a crypto exchange aggregator, offering a user-friendly solution to streamline swaps. Now, with the launch of its mobile app, SwapSpace takes convenience to a whole new level.

What is the SwapSpace Mobile App?
The SwapSpace mobile app brings the platform’s celebrated features to your fingertips. Acting as a one-stop solution for crypto swapping, the app allows users to compare rates from over 30 trusted exchange partners and access 2,700+ coins—all with zero extra fees.

You can connect your wallet when logging into the app and enjoy the benefits of the Invaders Loyalty program, collecting diamonds and using them to upgrade your invader for higher cashback levels. 

How It Works
Swapping crypto on the SwapSpace app is as easy as 1-2-3:

  1. Select the cryptocurrencies you want to exchange.
  2. Compare offers from multiple providers and pick the best rate.

  3. Enter your wallet address, the one you’ll use to receive your crypto, and confirm the transaction. You will be given an address to send your crypto to and plenty of time to send the coins to it.

  4. You can now expect the incoming transaction with your crypto in your wallet. The app will keep you updated on the status of your swap via push notifications.

In just a few taps, your crypto is swapped and sent directly to your wallet. 

Key Features

  • Rate Comparison: The app aggregates real-time rates from top exchanges like Binance and Bybit to ensure you always get the best deal.
  • Cross-Chain Swaps: Bridge assets across 95 blockchains effortlessly.
  • Ease of Use: The intuitive interface makes it accessible to beginners while offering the flexibility advanced users need.
  • NFT-based Loyalty Program: Earn up to 50% cashback on revenue share by upgrading your Invader NFT by spending Diamonds. Earn double Diamond rewards by performing swaps exclusively in-app.
  • Extra Rewards: To commemorate the launch of the mobile application, every 100th swap done through the app will reward the user who did it with a prize of $100 in USDT.

Why Choose SwapSpace Mobile App?
The app is perfect for traders, investors, and crypto enthusiasts alike:

  • For Traders: Save time and money by comparing rates instantly.
  • For Beginners: A simple, no-sign-up platform to start your crypto journey. Discover new meme coins as soon as they appear on trading platforms.
  • For Privacy Advocates: Registration-free swaps for maximum security.
  • For Altcoin Investors: Access niche coins and trending tokens quickly, bridge your assets across 95 chains.


The SwapSpace mobile app is a must-have tool for anyone looking to trade crypto securely, quickly, and cost-effectively. With its robust features, transparent processes, and commitment to user convenience, the app is set to become an essential companion for every crypto enthusiast.

Try the SwapSpace mobile app today and experience a better way to swap crypto. Download now, directly on the SwapSpace website. Available for Android now, with Google Play Store and Apple App Store versions coming in 2025.

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Fintopio Launches First CeDeFi Wallet Enabling Crypto Transfers via Telegram Usernames

Published

2 months ago

on

November 15, 2024

By

Fintopio, the leading Web3 wallet co-founded by former Binance executive Steve Milton, has officially launched its CeFi services, making it the only CeDeFi wallet in the market accessible on Telegram, iOS, Android, and Web. With its new CeFi offerings, Fintopio merges centralized and decentralized finance, providing a seamless platform that caters to a diverse global audience eager to access digital assets as simply as sending a message.

With Fintopio’s CeFi wallet, users experience simplified, frictionless transactions with key features like username-based transfers, Zero-Fee transfers, and innovative tools such as Vouchers for bulk crypto transfers and gifting. This milestone enhances Fintopio’s existing Web3 ecosystem, which has grown rapidly since its beta launch in April 2024, attracting over 2 million monthly active users.

Simplifying Crypto with Telegram-Based Transfers

Fintopio’s strategic integration with Telegram leverages the platform’s 950 million-strong user base, positioning Fintopio as the go-to wallet for crypto users seeking accessibility and convenience. By enabling crypto transactions through Telegram usernames, Fintopio eliminates complex wallet addresses, empowering users to conduct transactions with a familiar interface.

“We wanted to create a wallet that makes crypto as accessible as texting,” explained Steve Milton, Co-founder & CEO of Fintopio. “With our CeFi services, we’re moving closer to this goal, giving users a way to manage and transfer digital assets without the usual hurdles of traditional wallets.”

Fintopio’s intuitive design has been instrumental in driving adoption within emerging markets, especially in Africa and Asia, where the need for accessible financial tools has spurred millions to explore digital finance. By offering seamless transactions and secure asset management in a single, user-friendly platform, Fintopio makes Web3 accessible to users across various levels of crypto expertise.

Blending CeFi and DeFi in One Wallet

The launch of Fintopio’s CeFi wallet aligns with its mission to bridge centralized and decentralized finance in a single, cohesive ecosystem, making it a standout choice for users looking to engage with both worlds. Already popular on Telegram for its non-custodial DeFi wallet, which grants users full control over their private keys, Fintopio now offers the added option of a custodial wallet through its CeFi services, catering to users who prioritize the enhanced security and platform custody.

Additionally, Fintopio’s CeDeFi model introduces Zero-Fee transfers within its CeFi wallet, allowing Telegram users to transfer funds using just usernames, lowering barriers to entry and making daily transactions cost-effective and seamless. Available as a Telegram mini app, and natively on iOS and Android, Fintopio is uniquely positioned as the only CeDeFi wallet live across multiple platforms, reinforcing its commitment to making crypto accessible for everyone.

Vouchers: The Ultimate Tool for Bulk Crypto Transfers

The CeFi wallet also introduces a new feature called Vouchers, which serve as customizable tokens for transferring crypto on a large scale. Vouchers allow users to create tokens representing funds from verified accounts that can be securely shared with others. Designed for mass distributions, giveaways, and gifting, Fintopio’s Vouchers include robust security features such as password protection and anonymous transfer options.

Fintopio is currently available as a Telegram mini app and has recently launched its iOS and Android apps, which will soon reach a broader audience beyond the Telegram community. This multi-platform availability reinforces Fintopio’s commitment to making crypto accessible for everyone, positioning it as the only CeDeFi wallet live on the market ro do so.

Engaging Users with Web3 Ecosystem and HOLD Game

Beyond the basic wallet functions, Fintopio has developed an extensive Web3 ecosystem aimed at engaging users. Through the addition of  HOLD, a tap-to-earn game built within the wallet, Fintopio has created a rewards economy for a gamified crypto experience. This unique feature allows users to earn future HOLD tokens, which will serve as part of Fintopio’s expanding payment utilities on both CeFi and DeFi functions. 

Expanding to CeFi and Future Offerings

Fintopio’s CeFi wallet marks an important step in its roadmap as the company continues to innovate. Future plans include enhanced functionality for the HOLD game, P2P trading, and on-ramp/off-ramp solutions, allowing users to bridge the gap between traditional and digital finance seamlessly. By continuously expanding its offerings, Fintopio is set to become one of the most versatile Web3 wallets of 2024, catering to the needs of a diverse, growing crypto community.

About Fintopio

Fintopio is a Web3 wallet ushering in the New Payment Era on Telegram and Beyond. Founded by a team of blockchain industry veterans, it stands as the first CeDeFi wallet in the market available on iOS, Android, Telegram Mini App, and Web.

For more information on Fintopio, visit the official website and follow the official Fintopio community today.

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