BITGESELL (BGL)

BGL is an experimental digital currency that allows instant payments to anyone, anywhere in the world. BGL uses peer-to-peer technology to operate without centralized management: transactions are managed and shared by the network collectively. BGL Core is the name of the open source software that allows this currency to be used. Bitgesell is a young blockchain project started in April this year by Emma Wu. The codebase is borrowed from Bitcoin.

It has some differences in several aspects. Bitgesell has learned from the mistakes and challenges that Bitcoin and other PoW networks experienced in their early years. The main goal at launch was to create an asset whose value will continue to grow through several changes to the internal asset model.

Bitgesell's main goal is to create a perfect store of value that mimics bitcoin, with the same supply of 21 million coins as bitcoin.

Bitgesell Features

The most important feature that distinguishes Bitgesell from bitcoin is that it has a powerful burning mechanism. 90% of transaction fees are burned on Bitgesell. Bitgesell encourages people to stick around, as transaction fees are higher than bitcoin. The halving, which occurs every 4 years in Bitcoin, is set to be once a year on Bitgesell. Another important feature of Bitgesell is related to block size. Bitgesell has a block weight 10 times less than bitcoin. It makes it work faster.

Every individual might like to run their OWN Bitgesell node as it is open to everyone, be it not a very strenuous task or an impossible task as it only takes 6 steps in less than an hour around 5 minutes

1. Step 1
   Visit https://bitgesell.ca and download the appropriate Windows 64-bit version installer file
2. Step 2
   Run Installer file
3. Step 3
   Select the installation destination folder
4. Step 4
   Select Folder Start menu
5. Step 5
   Click install and leave it too
6. Step 6
   Done and run BGL CORD

To proceed from here, please visit: - https://bitgesell.medium.com/?p=1b7f565f1ed0

The first halving at Bitgesell takes place in April 2021!

After the halving, mining by miners is halved, thereby increasing the difficulty of mining, while increasing the value of the asset.

In case you didn't know, Bitcoin halving happens every 4 years, Bitgesell does it every year.

BGL Token

BGL is a ticker for Bitgesell coins used as a store of value. It is a multi-chain coin that exists on the binance smartchain as wrapped bitgesll (WBGL BEP20) and on the ethereum chain as wrapped bitgesell (WBGL ERC20) The wrapped bitgesell value is the same as the original BGL in the chain bitgesell, i.e; 1 WBGL BEP20 = WBGL ERC20 = 1 BGL.

BGL can be traded on Crex24, HOTBIT and DigiFinex.

Conclusion

Bitgesell with its superior tokennomics over other proof-of-work, Coins like bitcoin have proven to be a rare store of value to be reckoned with in the crypto verse. With a steady supply of only 21 million BGL ever in circulation, 90% burnt transaction fees and a half cycle of only 1 year, bitgesell is a real coin that serves as a store of value.

Detailed Information:
Website: https://bitgesell.ca/
Discord: https://discord.gg/uTZtBbRuEn
Telegram: https://t.me/bitgesellofficial
Media: https://bitgesell.medium.com/
Twitter: https://twitter.com/Bitgesell

Author: Pavlick08

BGL Wallet : bgl1qaculkn8dknp5jdusfm4tsl5x3gd95x4sgwxn02