What is bit gold?

Bit gold was one of the earliest attempts at creating a decentralized virtual currency, proposed by blockchain pioneer Nick Szabo in 1998. Although the bit gold project was never implemented, Szabo's attempt is widely considered to be the precursor to Satoshi Nakamoto’s bitcoin protocol.

Where is BitGold located?

BitGold’s corporate headquarters is in Toronto, Ontario, Canada. BitGold's European headquarters is located in Milan, Italy. BitGold is currently available in more than eleven languages. BitGold’s services allow people to purchase gold and make financial transactions using the acquired gold between individuals and businesses.

What is 2bitgold & how does it work?

BitGold is a Canadian company offering international savings and payments services which allow people and businesses to send payments and hold savings with physical gold. 2BitGold – How it works? Initial investors in BitGold were Soros Brothers Investment which is run by Alexander Soros, the son of George Soros.

Is bit gold a precursor to bitcoin?

Although the Bit gold project was never implemented, it’s often regarded as being the direct precursor to Satoshi Nakamoto’s Bitcoin Protocol. There are many similarities between Bitcoin’s architecture and the Bit gold proposal, particularly in the technical mechanisms used to process transactions and secure the decentralized network.