What is btg Bitgold (Has btg Bitgold Run Away)?

What is btg Bitgold According to official news, btg Bitgold can be understood as a token anchored to gold coins. Btg is a digital currency that uses blockchain technology to ensure price stability and is produced through bitcoin mining. It also utilizes decentralized, immutable, and secure technological advantages, reducing the rewards from 1 BTC to 6.25 BTC per block.

It is reported that several projects have announced their support for Btg Bitgold, such as BitGold (BTGP联动), Ethfinex (FIDA), and Dfinity (脱链), and in the future, it will support tokens like XRP, LTC, EOS, ETC, and BCH.

Has btg Bitgold Run Away?

Editor’s Note: This article is from the Fenghuolun Community (ID:FHBT18) and is authorized to be republished by Peipei, author of the Odaily Planet Daily.

Hello everyone, I’m Peipei. Today, I want to talk about whether btg Bitgold has run away. When it comes to what btg Bitgold is, I think many people are still a bit confused:

Firstly, the news is very complicated, and many people don’t know exactly what the problem is. For example, there has been a recent big move in popular currency BTG:

1. Someone asked if btg Bitgold has run away; 2. “Can you continue mining? “…… These two phrases have been consulted by many people online, and they are all scams. There is also a little story called “We are still mining, why don’t we have so much spare money?” In fact, as early as April of this year, there were similar rumors about btg Bitgold. It is said that someone told him, “If it goes down in the future, it may cause some impact due to certain reasons.” However, some media have begun to question: “Why do they do this to make btg Bitgold like this?” Many analysts also expressed that it may be because of recent market fluctuations. It is not discussed here about those projects that have been hyped. But for btg Bitgold, this kind of news should be correct, after all, many exchanges have mentioned the rise and fall of bitcoin’s price before, but in fact, btg Bitgold does have some risks.

The founder of btg Bitgold, Wu Jihan, is also one of the people who have been paying attention to the blockchain industry. He said that btg Bitgold has been studying various technical means and algorithmic stablecoins since its establishment. Later, he found that he did not hold bitcoin but spent most of his time on investments. In other words, after buying BTC, he has been hoarding it and then sold it continuously for several days. At that time, the price exceeded 3,000 yuan. However, it did not exceed 30,000 yuan until September last year. Therefore, will it really run away this time? By the way, I think it definitely won’t because it seems that Bitmain is still in a very early stage, so there will be room for development in the future. I just want to know how lucky it is. However, as a platform that I am optimistic about in the long run, the development prospects of btg Bitgold are not optimistic. In addition, the team of btg Bitgold is also very active, including several product leaders who were just established at the end of August this year and the former CFO have all left.

In addition to btg Bitgold itself, some other projects are also being launched one after another, such as BitCloud and Antpool. Although btg Bitgold has not yet fully determined its own destiny, in my prediction, there will at least be a new direction now, and that is that the cooperation between btg Bitgold and Shenhua will become more mature and is expected to achieve continued growth in business.