Article Summary, Automatically Generated By AI
Summary of Bitgesell
- Bitgesell is a bitcoin-derived digital currency.
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Enhanced features:
- 100% SegWit implemented
- 10x smaller block weight
- Halving every year (4x faster scarcity than BTC)
- Uses Keccak hashing algorithm
- Burns 90% of transaction fees
- Aims to be faster, more efficient, and more scarce than Bitcoin.
- No company behind it, mostly community-driven.
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Numbers and figures:
- 100%
- 10x
About Bitgesell: Empowering a New Era of Decentralized Finance
Bitgesell is a decentralized digital currency, born from the Bitcoin protocol, designed to provide a unique store of value and medium of exchange.
Bitgesell is a BTC-derived coin that boasts an array of enhanced features. Notably, it implements 100% SegWit, reducing block weight by a factor of 10. Additionally, it undergoes a halving process annually, resulting in a scarcity rate four times faster than that of BTC. The coin leverages the more efficient Keccak hashing algorithm and takes a unique approach to transaction fees, burning a staggering 90% of them. Ultimately, Bitgesell strives to surpass its predecessor, Bitcoin, in terms of speed, efficiency, and scarcity.
Notably, it lacks a corporate backing, instead relying on the collective efforts of a dedicated community.