Bitgesell as a modern and truly scarce store of value

Bitgesell is a young blockchain project started in April of this year by Emma Wu. Its codebase is derived from Bitcoin but has some differences when it comes to certain aspects. Bitgesell has learned from the mistakes and struggles Bitcoin and other PoW chains have had in the first years of their existence. Its main goals at launch were to create an asset that would constantly increase in value by implementing some changes in the intrinsic asset model.

Increasing value through increased scarcity

Bitgesell has kept some similarities that make Bitcoin into a great store of value. The maximum supply of mineable coins is and will never be more than 21 million. Just as with Bitcoin this feature cannot be changed unless the chain undergoes a hard fork, which will only result into loss of reputation and more problems along the way. We don’t need to point out which examples from Bitcoins past we’re talking about. There will only be as many BGL as was hard coded.

Diminishing supply of Bitgesell

Accelerated halvings

Not only does the supply of BGL coins have a diminishing feature, the rate at which halvings occur has been cut in four. Whereas Bitcoins halvings occur every 210.000 blocks, Bitgesells halvings will occur every 210.000/4 or 52.500 blocks. Roughly one year between each halving instead of four.

Bitgesells expected halving schedule

Digital Asset #Bitgesell (#BGL) Provides the Perfect Ecosystem to Become Digital Gold.