Bitgesell is a young blockchain project started in April this year by Emma Wu. Its codebase is borrowed from Bitcoin, but has some differences in some aspects. Bitgesell has learned from the mistakes and challenges that Bitcoin and other PoW networks went through in their early years. Its main goals at launch were to create an asset that will continue to grow in value through some changes to the internal asset model.
WHY CHOOSE BITGESELL
It unique burning mechanism: Bitgesell model of operation helps to increase the value of $BGL which is use to leverage transactions on the Bitgesell blockchain. 90% of the transaction fee is burn to decrease the supply thereby increasing the demand and decreasing the supply.
Transparency: The blockchain is an open and distributed ledger. It only allows to record data in an apparent-only manner meaning new records can be apppended on to a ledger but old records can’t be tampered with without creating an entirely different ledger. This unique property allows the ledger to be an easily auditable and solid database that can be trusted by two or more parties without any doubts in it’s trustworthiness.
Speed: Speed is key and vital as long as technology is concern. Everyone wants their transaction to be carried out in matter of seconds and not ancient ways of hours to carry out transactions. Bitgesell blockchain technology has all the best features of fourth generation blockchain with faster consensus, ultra-fast transaction confirmation included. These ensures maximum speed in transactions.
BGL Core is the name of the open source software that allows this currency to be used.
• Advantages of Bitcoin:
√ Avoid the risk of counterfeiting,
√ Bitcoin knows no national borders, does not waver due to political conditions in government, and is not affected by anything.
√ Bitcoin can suppress excessive inflation.
√ The holders also do not have to pay service and registration fees, when used as an investment vehicle,
• Weaknesses of Bitcoin:
√ The price is volatile (easy to change),
√ If you lose your private key, it cannot be recovered,
√ Some financial observers consider bitcoin to be an illegal currency because it is not supported by legal regulations in the eyes of the law,
How to run your own Bitgesell node (in less than 5 minutes)
Honestly… It's really easy and you don't need a monster computer to run it. In this article we will walk you through 6 easy steps to get your node up and running in less than 5 minutes. This guide is for Windows installation. We'll be covering a guide for Mac OS X in the near future as well. Looking for Linux installation guide
Congratulations you now have a running BGL node! :-) How easy is that?
You can now create new wallets, send and receive transactions on the Bitgesell network.
Website: https://bitgesell.ca/
Twitter: https://twitter.com/Bitgesell
Reddit: https://www.reddit.com/user /bitgesell/
Facebook: https://www.facebook.com/Bitgesell
TelegramCommunity: https://t.me/bitgesellofficial
Discord: https://discord.gg/VEwqJVMMPw
| Author Bitcointalk ID | Vipersia |
|---|---|
| BTT link | https://bitcointalk.org/index.php?action=profile;u=2349666;sa=summary |
| BGL Wallet | bgl1q4rdy8922lcmm2wqv96vy0h0p87dk90l0c8k7ee |