Bitgesell Price

Bitgesell ($BGL) is a lightweight blockchain created with the intent to overcome some of the limitations present in Bitcoin. At its essence, Bitgesell seeks to enhance efficiency and sustainability within the cryptocurrency ecosystem.

Key Features of Bitgesell:

1. Advanced Cryptography:
   Bitgesell leverages the SHA-3 based Keccak hashing algorithm, enhancing its security and capacity compared to Bitcoin’s SHA-2 using algorithms.

2. Limited Token Supply:
   The total emission of BGL tokens is fixed at 21,000,000. This limited supply, paired with a block size of 0.4 MB—ten times smaller than Bitcoin’s block weight—ensures scarcity while maintaining low processing requirements.

3. Accelerated Halving:
   The halving of rewards for miners occurs annually in Bitgesell rather than Bitcoin's quadrennial schedule. This modification helps to create a more dynamic and deflationary model.

4. Efficient Mining Protocol:
   By implementing 100% segregated witness (SegWit) from inception, Bitgesell reduces the overall weight of the blocks, allowing for increased transaction efficiency and reduced data burdens.

5. Fee Burning Mechanism:
   A remarkable economic feature of Bitgesell is the burning of 90% of transaction fees. This mechanism not only reduces supply over time but also potentially increases the value of the BGL token.