Deflation is an advantage.
In honour of Silvio Gesell, Bitgesell cranks the deflationary aspects of Bitcoin up to max, burning 90% of all transaction fees and decreasing block size. Bitgesell has created an investment tool with a highly deflationary model to provide allocation in a store of value assets.
ParticipateFriegeld + gold
We have combined the concept of “freigeld” and gold as traditional store of value and demurrage works in reverse (not the way it was used for currency but for gold) adding more properties of digital gold through gradually increasing scarcity over time. Imagine gold which volume in existence is gradually decreasing over time.
Join us10x smaller.
Bitgesell Block Weight
400Kb
Bitcoin Block Weight
4MB
Regarding its technical specifications, BGL has a block weight of 400KB – ten times lower when compared to bitcoin’s. This helps Bitgesell’s blockchain achieve sufficient transaction throughput from one side, and keep transaction mempool
competition to ensure that tx fees are gathered (and burned). Such block size leads to blockchain staying reasonably compact lowering storage requirements.
Learn More4x more halving.
Bitgesell Halving
Yearly
Bitcoin Halving
Every 4 Years
Halving is the process of halving the rewards of mining crypto after each set of 210,000 blocks is mined. By reducing the rewards of mining as more blocks are mined, halving ensures that the amount of currency in circulation does not increase exponentially, which also tends to put upward pressure on its price. For every 210,000 blocks that are mined, the reward for mining a block falls by half. For the first 210,000 blocks in bitcoin’s early days, the reward was 50BTC per block. As more blocks were mined and more bitcoins went into circulation, the first set of 210,000 blocks were mined by 2012, and the reward was cut in half to 25BTC.
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