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Bitcoin Gold [BTG] sees double-digit gain following new wallet launch, surges by 11%

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Bitcoin Gold [BTG] sees double-digit gain following new wallet launch, surges by 11%
Source: Pixabay

While the cryptocurrency market has cooled down after breaking previously set resistances, a Bitcoin hard fork has continued projecting a double-digit surge. The bulls successfully pushed Bitcoin Gold [BTG] above the highly anticipated $18-mark. The 27th largest crypto-asset on CoinMarketCap posted major gains during the crypto-rally propelled by Bitcoin [BTC], earlier this week.

At press time, the fork coin, BTG, held a market cap of $325.6 million against the US Dollar, priced at $18.70. The 24-hour trading volume recorded by the crypto-coin stood at $28.65 million, according to CoinMarketCap. It further recorded a surge of 11.27% over the past 24-hours.

The digital asset, which was spiraling below $14, recorded a three-month high after the latest surge. A significant hike of 43.48% was also noted over the week.

BTG: 1 day-chart

Source: TradingView

Approximately 26.18% of the Bitcoin Gold trade volume was registered by Bithumb via the trading pair BTG/KRW, followed by the pair BTG/BTC on Binance.



In the otherwise silent space of this particular hard fork, the surge is being speculated to be because of the latest full-featured desktop called the Electrum G. The wallet boasts a light-weight, feature-rich, and user-friendly wallet for BTG. According to the official BTG website, Electrum G is a Simplified Payment Verification wallet that stores just the headers and not the entire blockchain.

The latest wallet is





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Chayanika holds a Journalism degree and is currently working with AMBCrypto. She is inquisitive about everything that the Blockchain Technology has to offer.

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Binance Chain’s ‘decentralization’ questioned by Bitcoin enthusiast; calls Binance DEX just an app

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Binance Chain's "decentralization" questioned by Bitcoin enthusiast; calls Binance DEX as just an "app"
Source: Unsplash

Udi Wertheimer, an independent developer and a “Bitcoiner” posted a series of tweets taking a jab at Binance Chain, which is slated to launch on April 23.

According to Wertheimer’s tweets, Binance has not updated the “source code” or “binaries” for the Binance Chain; and despite enquiring about it on the official telegram group of Binance, he was offered any source code.

He said that Binance recommended users, who want to migrate tokens to Binance chain, use the official SDK, which will be done via official HTTP API using Binance’s trusted servers. Binance DEX, which will make use of the Binance Chain, also has no source code or binaries which are open source. He stated:

“There’s almost nothing there. So I looked for the source code. Guess what, THERE’S NO SOURCE CODE. They only have binaries, and only for a light client, no full node at all!”

He commented on the Binance Chain and the Dex that all Binance did was release an “app that connects to the API of your new centralized infrastructure”. In addition, the “Light Node” is a program that helps users access and interact with the Binance Chain in a secure and decentralized manner; the source code for which is “closed source” according to Wertheimer.

Wertheimer further added:



“Just releasing the binaries won’t be enough, and there’s no indication I could find anywhere that they intend to release the source code, like, ever. In any case, regardless of what may happen in the future, what’s released so far amounts to nothing more than a new website.”

A Twitter user, @bag_holder commented:

“Lol seems like a very Chinese thing to do. “BORROW” IP, make some edits, then keep it to oneself”

Another Twitter user, @thecryptostefan commented:

“There’s a branch with the full node implementation, no? I thought they just hadn’t merged it to master yet when I was looking last night. I think it’s the prerelease branch or one of those.”





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