How Bitgesell Plans to Improve on The Bitcoin Blockchain
Bitgesell is a lightweight blockchain that is based on proven Bitcoin code. It has more deflation parameters and scarcity. This blockchain also uses smaller block sizes which helps to speed up the network. In addition, 90% of fees for transactions are destroyed and halving occurs once a year. Bitcoin was the crypto that caused many […]
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The Bitgesell halving just took place yesterday, March 28th, and will focus on putting a deflationary economic model in place just like Bitcoin did after its halving. Here’s everything you need to know about the Bitgesell halving, the coin itself, and what lies ahead post-halving. What To Expect Now That The Bitgesell Halving Has Happened Bitgesell, a young but novel blockchain project founded by Emma Wu, relies on a spinoff of the original Bitcoin codebase, […]
Bitgesell, the evolutionary successor of Bitcoin, has recently concluded its halving event, today March 28th, 2021. Triggered by the blockchain hitting block 52500, the first annual halving event on Bitgesell ecosystem has reduced the block reward from the previous 200 BGL to 100 BGL as the blockchain moves ever closer toward becoming an ideal store […]
BitGesell represents a deflationary cryptocurrency that closely resembles bitcoin, but comes along with a few design changes. Its value proposition stems from Silvio Gesell’s financial market philosophy, who imagined monetary units that lose their value over time through demurrage. To keep things simple, BitGesell achieves scarcity through the means of accelerated block reward halvings and transaction fee burns. The Dawn of the Crypto Age & Replacing Outdated Fiat Over the last few years, the worldwide financial system has continuously lost its legitimacy, thereby positioning itself....
The Australian government-owned Australia Post has unveiled plans that it will conduct tests through digital voting via the blockchain technology in a bid to reduce costs and improve efficiency. The plans have been met with criticism from a prominent privacy consultant. Recently a submission was presented to the Victorian Electoral Matters Committee by the Australia Post who intend to operate electronic elections utilizing the blockchain technology. According to ZDNet, the postal service thinks that with the use of digital voting it will improve on convenience, better counting, reduced....
Factom announces collaboration with Coinapult, and plans crowd-sale for end of March 2015. Bitcoin wallet service provider Coinapult and Factom, a blockchain applications provider, have announced collaboration plans that they hope will develop the state of applied blockchain technology. Coinapult, which also provides brokerage services that lets users lock their balances to fiat currencies and stable assets, will team up with Factom, which provides blockchain applications in database management and record-keeping. CCN sought to find out what these exciting developments will mean to both....