
This project is called in the honour of Silvio Gesell.
He created monetary units that were losing their nominal value over time (demurrage) and combined with currency emission this would result in people spending them quicker and incentivizing economic activity. He called this as a term "freigeld". Modern monetary policy that includes planned inflation as depreciation is influenced by the ideas of Silveio Gesell as well.
I 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. Could you imagine gold which volume in existence is gradually decreasing over time?
One of the essential functions of money is that it constitutes a means for saving and securing the fortune of people, since it guarantees immediate cash flow. In the pre-banking era, the house or the ground served as a safe where they kept and hid their small or large savings and hoards, both during wars, enemy raids and natural disasters as well as during peaceful times. The private banks and those operating inside sanctuaries in the ancient Greek Roman world are the forerunners of the banking system that was organized and developed in the late Medieval period and in Modern times into the banks of the mercantile societies of Venice, Genoa and the Netherlands. Cryptocurruncy is new generation type of organization for solving this issue. Bitgesell - Future of Bitcoin and True store of value.
Code is widely based on bitcoin code, so it is stable and reliable.
Blockchain started 04/04/2020.
https://www.coingecko.com/en/coins/bitgesellhttps://coinmarketcap.com/currencies/bitgesell/https://coinpaprika.com/coin/bgl-bitgesell/Wrapped BGL (
WBGL) on Ethereum blockchain:
https://etherscan.io/token/0x2bA64EFB7A4Ec8983E22A49c81fa216AC33f383AWrapped BGL (
WBGL) on BSC blockchain:
https://bscscan.com/token/0x2bA64EFB7A4Ec8983E22A49c81fa216AC33f383Arules and custodian addresses described in this post
https://bitcointalk.org/index.php?topic=5238559.msg56786603#msg56786603
The contracts were audited by CertiK, you can find report here:
https://bitgesell.ca/docs/Certik-WBGL-Report-22_04_2021.pdfSpecificationsEssentially this is a full bitcoin fork, but:
Block Reward = nFees*0.1 + GetBlockSubsidy() // Burn rate is 90% of tx fees (
https://www.blockchain.com/charts/transaction-fees)
Block Weight <= 400,000; // 10 times smaller than bitcoin
100% Segwit // Eliminates problems with legacy types of transactions
Halving Interval = 210000 blocks / 4; // Halving is every year (bitcoin halving is every 4 years)
Block Subsidy = 50 * 4; // 21 000 000 coins max
Hashing algorithm for blocks is Keccak (sha-3).
https://github.com/BitgesellOfficial/bitgesellTake part and join #realstoreofvalue #thehardestmoney community:
https://twitter.com/Bitgesellhttps://discord.gg/ceEqhxchzNhttps://t.me/bitgesellofficialhttps://www.reddit.com/user/bitgesell/https://medium.com/@bitgesellOfficial Wallet software:
- https://bitgesell.ca/#services
Official wallet and node software for most popular operating systems
- https://bglwallet.io
Lightweight cross-platform serverless wallet (no installation required and securely stores information) for:
- Web version;
- WebExtensions (Chrome Extension);
- Android app in Google Play and APK;
- Linux app in Snap Store, AppImage, deb;
- Windows app and portable version.
(developer bonus wallet: bgl1qx4yjdtqvz5wczemcvz6nwlaewyyv629eglyem3) - https://bgl.devinject.com/
Desktop wallet for Linux/MacOS/Windows with seed phrase and ease of use
DEXes:
Bridge for transferring BGL <-> WBGL on Eth/BSC
https://bitgesell-bridge.comExchanges:
Website:
Block explorer:
Mining Pools:
Software (list will be updated):
About project in media:
Videos:
Explainer video from Professor Crypto -
https://www.youtube.com/watch?v=RTIR89HMH_UProfessor Crypto -
https://www.youtube.com/watch?v=8ZI0CvhgOycBitcoin for Beginners -
https://youtu.be/QkUGIxjdjaAThe right traders -
https://www.youtube.com/watch?v=ZzjhstNSi50https://www.youtube.com/watch?v=FzsRCH8JDEM