The investments in blockchain assets are highly risky; the user is solely responsible for undertaking the risks of any asset shrinkage or lost. Please do conduct investment activities cautiously based on your own situation.
What is BGL
Based on strong foundation of Bitcoin, from both codebase and functional principles, Bitgesell is the right step towards a digital gold model. A digital asset that is geared towards holding, it is a precisely calculated ecosystem that is predictable and reasonable.
Main features of BGL include:
- 90% of transaction fees are burned, providing predictable and fair model of supporting value and rewarding miners after the block rewards decreases significantly;
- Block weight is 10 times smaller than bitcoin, to raise the transaction fees to a more considerable amount providing more reward to miners, taking burning of tokens into consideration;
- Halving interval is set to be every year;
- 21 million BGLs to be mined overall;