Bitcoin Cash - BCH & Bitcoin Gold - BTG

BitCoin Cash - BCH

Bitcoin Cash is a direct hard fork from Bitcoin. It was created in the year 2017.

Goals:

• The aim of Bitcoin Cash is to become a provide a transactional service which is fast and reliable

• Be a network with low transaction fee than bitcoin.

• Provide more privacy to users of Bitcoin Cash.

• Peer to peer electronic system

Ticker Symbol for Bitcoin Cash is "BCH"

Bitcoin Cash Logo

Soon after it went live, the price of each bitcoin cash coin pumped significantly and had grown very swiftly to be a dominating ALT Coin in the Crypto Markets.

One major difference and requirement for existence of BCH is that the size of each block in the Blockchain of BTC is of 1 MB. A part of the community felt this is quite low and decided to fork a new coin with increased block size so that more number of transactions can be stored in each block.

Each block in BCH network is 32 Mega Bytes in size.

In 2018, a new part of Bitcoin Cash network was introduced with name "Bitcoin SV".

Here is a Live Chart of Trading rates for Buying and Selling BCH:

BCH-USD Rates by TradingView

BitCoin Gold - BTG

Bitcoin Gold is a direct hard fork from Bitcoin. It was also created in the year 2017 (October).

Goals:

• The aim of Bitcoin Gold is to restore the independence and the decentralization factor to its original value (which was cosidered to be lost by Bitcoin gold community)
• Be a network with which coins can be mined feasibly when compared to BTC. (Know more about Mining in this article)
• Provide the chance and enable all the individuals to mine using the Graphics Processing Unit.
• Peer to peer electronic cash system

Ticker Symbol for Bitcoin Gold is "BTG"

Bitcoin Gold Logo

As we know, Bitcoin uses SHA 256 Algorithm as Proof of Work for validating the mining. Specialised ASIC hardware (mining rigs) had been manufactured and corporates built warehouses with huge investment just for mining Bitcoins.

This made hard for individual users for earning bitcoins because the mining ware houses contribute humongous Computational Power so that common man with normal computer won't stand a chance to compete with them.

Therefore, Bitcoin gold was created by modifying the Mining Algorithm from tradittional SHA 256 to "Equihash". This would make all those mining warehouses less efficient because equihash can be computed with normal GPU processing power itself thereby removing the advantage for mining corporates and restoring the true decentralization in the network.

Here is a Live Chart of Trading rates for Buying and Selling BTG:

BTG-USD Rates by TradingView

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