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Bitgesell (BGL)

BGL price chart

Bitgesell ranks #283 of 484 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #2738: 2455 of the 2737 assets ahead of it are not native coins but tokens or claims. A token is issued on a host blockchain rather than running its own; a claim stands for an asset already counted. Of the 3045 non-native assets CoinSpectrum lists above it by market cap, about 62% are tokens, 34% are claims on other assets, 3% are memecoins and 1% are NFT collections.

CoinSpectrum Grade	pending — no market data
Rank among cryptocurrencies	#283
Rank counting claims	#2738
Market capitalisation	$170,924
Price	$0.0106
Circulating supply	16,157,930 BGL
Maximum supply	21,000,000 BGL
Consensus family	Proof of Work
Consensus mechanism	Keccak-256 (SHA-3)
Own hashrate	286 GH/s
Network purpose	Payments
Ledger type	Single-asset ledger
Launch distribution	Premine

Market figures from the 10 November 2026 build. Open the live view for every exchange's price, and charts.

CoinSpectrum Grade (Source)

Grade pending. No market cap or no daily volume is reported for Bitgesell by any source the site reads. A grade is not given until it is, so that a coin is never rated higher for what is not yet known.

Section and criteria	Score	Basis
Consensus	10	average of 2 criteria
By leader (its largest chain's market cap) (Source)	10	Proof of work: 10 of 10 on the ladder of consensus families ranked by their largest chain's market cap
By family (all its chains' market cap) (Source)	10	Proof of work: 10 of 10 on the ladder of families ranked by the combined market cap of their chains
Supply	10	fixed maximum supply of 21 million
Distribution	10	average of 3 parts
Holder concentration (Source)	–	Not yet measured
Active addresses	–	Not yet measured
Premine (allocated at launch)	10	0.3% of today's supply allocated at launch to founders, a company, a foundation or investors. Documented instamine: blocks 1-301 and 388-391 (305 blocks x 200 BGL = 61,000 BGL) were mined on 4-5 April 2020, before the 7 April BitcoinTalk announcement, to bgl1qkecxxg8..., the team's 'donation' address named in the genesis message (bitaps). 61,000 / ~20.7M scheduled supply = 0.29%. source
Fundraising (share sold) (Source)	10	No sale of the coin source
Developer share (after launch)	10	No developer share: every new coin goes to the miners or validators who produce blocks. No cut: the miner receives the subsidy plus 10% of fees (Block Reward = nFees*0.1 + GetBlockSubsidy()); the other 90% of fees is burned, which is a burn, not a cut. source
Decentralisation	10	average of 3 parts
Governance (Source)	10	No authority can halt the chain or freeze funds: No protocol-level party can freeze, blacklist or claw back coins or halt the chain. source
No central team (Source)	10	No central team: A small, largely anonymous team maintains the node in the BitgesellOfficial GitHub organisation (MIT licence); no company or foundation is identified. source
Who can mint (Source)	10	Open to anyone with hardware: anyone can produce blocks by mining, no permission needed
Nodes (Source)	–	Not yet counted
Security	5.2	3.1 of 6 points, 2 not yet measured source
Pool diversity (Largest pool 50% 0 to 20% 10, largest three 90% 0 to 50% 10; 2 points)	0	largest 100%, largest three 100%
Network activity (Transactions a day, 250 0, 500,000 or more 10; 2 points)	–
Hashrate (Own work 5, its power 1 kW 0 to 10 GW 5; 1 point)	5.4	own work 5; about 4 kW (estimated from its miner pay), 0.4 of 5; the largest on its algorithm
Clients (Separate code and teams 10, separate code or teams 9, a fork by the same team or a stale second 8; one client: a new version within 12 months 7, 24 months 6, none in 24 months 5, none in 48 months 3; a second in development +0.5, a second seen running +1, 8 at most with one client; chain ended 0; 1 point)	6	one client, latest version Jul 2025, within 24 months
Open source (Node software)	✓
No 51% attack (Nor a deep reorganisation, five years)	✓
Scalability	5.8	average of 5 parts source
Fees ($0.001 or less 10, $1 or more 0)	10	typical fee $2e-8
Throughput (2,478 a second, the busiest network's peak day, 10; 121, the median of the ten busiest, 5)	0	about 1.2 simple transactions a second
Block time (10 minutes 10, less either side)	9.9	a block every 10.8 minutes
Block space per 10 minutes (24 MB or more 10: the ten busiest networks' median demand, 16.4 MB, and half again for growth)	2.4	0.4 MB limit, 0.37 MB per 10 minutes
Features (3 checks)	6.7	2 of 3 passed
Fast payments (Safe to accept within seconds · Whitepaper abstract, §1, §2 and §11)	✗	Ten-minute probabilistic blocks on a Bitcoin Core base that relays BIP125 opt-in replace-by-fee, with no double-spend proofs or instant locks.
Pruned nodes (Old history dropped, every rule checked · Whitepaper §7)	✓	-prune option inherited from Bitcoin Core 0.11 (2015): keeps the UTXO set and recent blocks.
Light clients (Payments verified from headers · Whitepaper §8)	✓	Bitcoin Core-based Keccak PoW header chain with BIP37 Merkle proofs and BIP157 filters (SPV).
Privacy	7	7 of 10: whitepaper privacy 7 of 7, extra features 0 of 3, 1 not yet researched source
Protocol level privacy (Keys not tied to an identity · Whitepaper §10)	10	Addresses are hashes of keys users generate themselves; the node checks scripts and signatures, with no identity condition in its consensus rules.
UTXO ledger (Separate outputs, change to a new address · Whitepaper §2, §9)	10	Coins are separate unspent outputs: a payment spends whole outputs and sends the change to a new address, so the coins in one wallet need not share a history.
HD addresses (A new address for each payment, unlinked · Whitepaper §10)	–
Hidden amounts (Amounts confidential)	0	Transparent transactions: amounts are public on chain.
Hidden parties (Sender and receiver hidden)	0	Transparent addresses: sender and receiver are public on chain.
Network privacy (Origin hidden by default)	0	No Dandelion relay; Tor/onion is an optional -onion/-proxy setting in the Bitcoin-derived node, not on by default.
Programmability	3.3	3 of 9 points source
Token issuance	0	No token issuance on the chain itself
Smart contracts (Scripting for spending conditions)	1	Bitcoin Core-derived Script (SegWit, Taproot) limited to spending conditions.
Multisig and time locks (Without a third party)	✓	CHECKMULTISIG plus CLTV and CSV active from genesis in Bitgesell mainnet parameters.
Atomic swaps (With other chains)	✓	HTLCs expressible with OP_SHA256/OP_HASH160 and OP_CHECKLOCKTIMEVERIFY.
Native DEX (Trades the coin itself, not a claim)	✗	No DEX found trading the coin itself: none on its own chain (DefiLlama), and not on THORChain, Maya, Chainflip, Komodo DeFi, BasicSwap, Bisq or Haveno (checked 2026-11-04).
Cross-chain messaging (Verified by the chain itself)	✗	No protocol-level cross-chain messaging.
NFTs (Carried by the chain's rules)	✗	No token or NFT type in the consensus rules.
Demand	0.3	average of 3 measures
Exchanges (10 or more: 10)	0	no exchange the site reads trades it
Daily volume ($10K 0, $1B or more 10)	–	no volume reported
Turnover (volume ÷ market cap, 5% a day: 10)	–	not measured
Order-book depth (±2% of the price ÷ market cap, 1%: 10)	–	no order book on the nine exchanges read
Market cap ($1M 0, $10B or more 10)	0	$171K, 0 on a scale of 2.5 points per tenfold
Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0)	–	not measured
Wallet support (wallets that hold it, 10 or more: 10)	1	its own node and wallet, counted as 1: no wallet in the site's directory lists it yet
Record	6	average of 3 criteria
Age (years since genesis) (Source)	6	6 full years since 2020-06-08, the first day with a recorded price (genesis not yet researched, so the age can only be understated).
Development (work, fixes, vulnerabilities)	2	1 positive, 0 negative source
Positive
Steady work, 2 of 6	✓	1 commit in 1 of the last 12 months (github.com/BitgesellOfficial/bitgesell); Last release Bitgesell 0.1.14, 2025-07-28, the only release in the last 24 months (0.1.13 was 2024-08-26); last master commit August 2024.
Conduct (origin, claims, halts)	10	3 positive, 0 negative source
Positive record
Launched with a stated purpose, not as a joke	✓
No claims by its founders that contradict its own design	✓
No halt, freeze or reversal in five years	✓

Ten sections, weighted equally, each 0 to 10: consensus (the two ladders), supply (the supply scale and a fixed cap that holds), distribution (premine, fundraising, developer share, holders), decentralisation (governance, no central team, who can mint, nodes), security, scalability, privacy, programmability (what the scripting layer can do beyond the whitepaper's payment system), demand, and record (age, development, conduct). They are built from the criteria in the second table: privacy, scalability, security and decentralisation are the Cryptocurrency Standards among them, as follows: privacy (the whitepaper's three checks a base of 7 of 10, three extra features up to 3 more), scalability (four measures and three features), security (pool diversity, network activity, hashrate, clients and two checks) and decentralisation (governance, no central team, who can mint, nodes, holders, premine, fundraising and developer share); programmability (token issuance, smart contracts and five checks) follows them, and supply and demand are two: the supply, scored against 21 million, and demand, the average of seven measures of the market and the wallets. Provisional: parts marked — are not yet measured and are left out of the average. A rating of structure and market depth, not a price forecast or investment advice. How the grade is built · Highest-graded cryptocurrencies.

Proof of Work coins

Proof of Stake coins

Supply

16,157,930 of a maximum 21,000,000 BGL are in circulation — 76.9% of the total that will ever exist.

Launch and allocation

Premine (allocated at launch)	0.3% of today's supply
Sold by the issuer or insiders	0% of today's supply
Developer share received since launch	0% of today's supply
Developer share of new coins today	0%
Fundraising	No sale and no investor round

Documented instamine: blocks 1-301 and 388-391 (305 blocks x 200 BGL = 61,000 BGL) were mined on 4-5 April 2020, before the 7 April BitcoinTalk announcement, to bgl1qkecxxg8..., the team's 'donation' address named in the genesis message (bitaps). 61,000 / ~20.7M scheduled supply = 0.29%.

No ICO or presale. The ANN describes funding from supporters' donations to the genesis-message address, which the team said it would spend in six yearly parts.

No sale is documented, and the team's donation address has never spent (balance 1,769,793 BGL, sentAmount 0, bitaps 2026-10-26).

No cut: the miner receives the subsidy plus 10% of fees (Block Reward = nFees*0.1 + GetBlockSubsidy()); the other 90% of fees is burned, which is a burn, not a cut.

One mining address (a yiimp pool) found every sampled block in the last month, so a single operator controls block production. The team's donation address also holds 1,769,793 BGL (~8.5% of supply): the 61,000 instamined plus 1.71M received in 23 large consolidation transfers in 2020-21 whose origin was not established, so only the instamine is counted as premine. Aggregator supply (~16.16M) looks frozen at a 2022 figure; the schedule gives ~20.7M at the current height.

Sources: bitcointalk.org · github.com · github.com · api.bitaps.com · api.bitaps.com. Researched 2026-10-26, medium confidence.

The work behind it

Bitgesell is secured by 286 GH/s of its own work. Hashrate does not compare across algorithms — a SHA-256 hash and a Scrypt hash cost different amounts to produce.

What a regulator has said

No SEC/CFTC determination — unclassified.

The regulator's position, reported as stated, not CoinSpectrum's. Assets nobody has ruled on are left unclassified rather than sorted by a guess.

How CoinSpectrum ranks Bitgesell

Bitgesell is #283 among cryptocurrencies and #2738 in the market ranking, which lists wrapped coins, staked derivatives, stablecoins and tokens alongside them. CoinSpectrum counts an asset once, and counts only cryptocurrencies: assets with their own blockchain and their own consensus. A wrapped coin, a staked derivative or a stablecoin is a claim on something already counted; a token, memecoin or otherwise, runs on another chain's blocks. All of them are listed, each in its own section, and none is added to the total. The 2455 places between Bitgesell's two ranks are held by claims and tokens, not by other networks. The methodology sets out the rule and the counting rule argues for it.

The price above is the median of the exchanges the site reads live, checked every minute and cross-checked against a market snapshot (how market data is gathered). The grade is scored on published criteria, each with its source (the method). The site is independent, nothing on it is a paid placement, and its statements are signed (about CoinSpectrum, the manifesto).