Post
Topic
Board Announcements (Altcoins)
Merits 4 from 3 users
Re: [ANN] BITGESELL - Store of value (Burn rate is 90% of tx fees) #realstoreofvalue
by
vanorton
on 24/05/2021, 20:21:15 UTC
⭐ Merited by Murat (2) ,my luck (1) ,EmmaWu (1)
Hi BGL community!

We have prepared a new new BGL core distribution, version 0.1.6 for major operating systems.
This one is important: we have synced to the BTC code for up to April 2021 (most credits go
to our fellow dev Emeka, he did huge amount of work).
As BGL is a fully decentralized system: a check is built-in if it would be possible to enable Taproot 6-months before BTC,
The parameters for switch are set as following:

- If 80% of last 2016 blocks upgrade to this taproot-supporting version bit by using latest distribution before 15 June 2021,
  then taproot would be enabled approximately on 1 July 2021 (block 66000).


This event is interesting in several regards, in particular, we can treat it as some forward-production testing for bitcoin to see how it work out (on a lesser scale) but in real (BGL) mainnet.

Some related reading regarding what is taproot:
- https://bitcoinmagazine.com/technical/taproot-coming-what-it-and-how-it-will-benefit-bitcoin
- https://bitcoinops.org/en/topics/taproot/
In short, Taproot and Schnorr signatures provide:
1. Better privacy for transactions, as various scripts, multi-signatures, etc. under most circumstances look like a regular tx on the blockchain;
2. Size reduction for some scripted transactions, like multi-signatures and others;
3. Creating a transactions requiring up to virtually unlimited number of signers.

--------------------------------------------------------------------------------
Please do upgrade your node (esp. if you're running pool) to the latest version
version 0.1.6 (available in GitHub releases)


Linux (BGL node): https://github.com/BitgesellOfficial/bitgesell/releases/download/0.1.6/bitgesell_0.1.6_amd64.deb

Linux (with Qt wallet): https://github.com/BitgesellOfficial/bitgesell/releases/download/0.1.6/bitgesell-qt_0.1.6_amd64.deb
MacOS: https://github.com/BitgesellOfficial/bitgesell/releases/download/0.1.6/BGL-Qt_0.1.6.dmg
Windows (64-bit installer): https[Suspicious link removed]
--------------------------------------------------------------------------------