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 people to explore the world of digital currency. It played a crucial role in making the cryptocurrency industry what it is today but that doesn’t mean it is flawless. As the cryptocurrency industry grows new cryptos have been developed to improve in the areas where Bitcoin failed. An example of cryptocurrencies like this is Bitgesell.
The Bitgesell name was gotten from a popular German economist named Silvio Gesell. He believed that most economic issues could be resolved if money was used only as a means of trade rather than as a store of value. Gesell argued that if money had a shelf life and lost value over time, people would feel more inclined to spend...
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