What is BitGold and how does it work?

Bitgold is a digital currency that has been around for over eight years. It was created to be an alternative to gold and silver, which are not safe from inflation or economic downturns. Unlike other currencies like Bitcoin, Bitgold is backed by physical gold and silver, making it more stable.

What is Bitbit gold and should you buy it?

Bit gold was an attempt to replicate the economic properties of gold (gold’s unforgeable value) while improving its security properties. Szabo argues that gold has historically lacked security.

What is bit gold (BGT)?

What Is Bit Gold? Bit gold was one of the earliest attempts at creating a decentralized digital currency, proposed by blockchain pioneer Nick Szabo in 1998. Although the Bit gold project was never implemented, it’s often regarded as being the direct precursor to Satoshi Nakamoto’s Bitcoin Protocol. Bitcoin and Bit Gold

Where can I Spend my BitGold gold?

Users can spend gold with a BitGold prepaid debit card. Since many major credit cards are accepted globally this greatly extends the places where funds can be spent from a Bitgold account. Additionally, the feature includes ATM machines to withdraw local currency. The 10 gram BitGold gold cubes are worth approximately US$380.