Bitcoin vs. Bitcoin gold: what's the difference? Easily explained
The cryptocurrency Bitcoin is currently going viral on the Internet. We explain the differences between Bitcoin and Bitcoin Gold in this practical tip.
Bitcoin vs. Bitcoin Gold: these are the differences
- The internet cryptocurrency Bitcoin is a digital currency that can rise in price due to various hardware options.
- A commercially available PC is not enough here, however, and electricity costs can quickly reach dizzying heights with mining.
- In addition, with "normal" bitcoins there is a relatively high risk that the currency will lose a lot of value in a short time. This can happen due to technical failure or other currencies from the Internet, hacker attacks can also lead to a loss of value.
- Bitcoin gold was introduced to make the currency more stable and independent of the hardware.
- In the production of Bitcoin Gold, simpler methods are to be introduced so that more people manufacture and use Bitcoins in the long term. This is to guarantee that the currency remains stable in the long term.
- If you have already collected Bitcoins, you can exchange them 1: 1 for Bitcoin Gold - and vice versa.
In the video: these are the most important Bitcoin tools
In our next practical tip, we have summarized further information on mining at Bitcoins for you.