Bitcoinreal V/s Bitcoin Gold
Both are the forks of Bitcoin, but the facts of both are completely opposite to each other. None of the fork of bitcoin including even bitcoin hasn’t attained mass adoption due to many issues. The main issue that every fork including bitcoin has faced so far is about circulation of coins. This low circulation is back bone of the issues from which inflation increases. Low circulation of coins in the market also impede every currency from getting the mass adoption. In terms of circulation of coins of Bitcoin Gold, 21 million coins are in circulation which are very less to maintained liquidity/inflation or to get mass adoption. But, the total supply of Bitcoinreal is 10 Billion from which 1 billion are mined and being circulated in the market.
Most of the digital currencies including Bitcoin Gold use Proof of work for mining the coins which is very cost effective; furthermore, it also takes a lot of time for verifying the transaction and for unlocking the new block from blockchain. But, Bitcoinreal will be using Proof of stake that is very efficient way for the verification of transactions and for unlocking the new coins. Read my detailed post related to proof of stake (PoS) that has been used by Bitcoinreal on the given link https://medium.com/@realsatoshi1310/bitcoinreal-bcr-the-first-bitcoin-btc-fork-implementing-pos-as-well-4ffa0f9c5675
The circulation of coins Bitcoinreal is much more that that of Bitcoin Gold, so volatility is very low in Bitcoinreal. Bitcoin gold has very much volatility due to its low circulation which has also a huge impact on its inflation rate. Merchants don’t prefer to use Bitcoin Gold because of these issue as they want a currency that is a non-volatile. Bitcoinreal is providing them a non-volatile currency for the use of their businesses. The most important point is to notify here, that both Bitcoin Gold and Bitcoinreal charge 0.2 percent fee in every transaction, but the circulation coins of Bitcoinreal is very much as compared to Bitcoin Gold due to which a merchant can transact a huge amount by paying fee once. It is a precious benefit for a merchant that he can grow his business on Bitcoinreal platform by low fees in his huge transactions.
50 million transactions per day can be done by Bitcoinreal, but Bitcoin Gold can only do 20000 transactions per day. This differentiates Bitcoinreal from Bitcoin Gold through a merchant’s point of view. Moreover, more than 5000 merchants from different countries have joined Bitcoinreal platform through which they will be spreading their businesses.
So, these were the main differences among the Bitcoinreal and Bitcoin Gold. Keep updated with our profile for getting more information related to Bitcoinreal (BTCr).
