Bitgesell ranks #295 of 504 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #2811: 2516 of the 2810 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 3071 non-native assets CoinSpectrum lists above it by market cap, about 81% are tokens, 16% are claims on other assets and 3% are memecoins.
| CoinSpectrum Grade | pending — launch under review |
|---|---|
| Rank among cryptocurrencies | #295 |
| Rank counting claims | #2811 |
| Market capitalisation | $166,079 |
| Price | $0.0103 |
| 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 | — |
| Network purpose | Payments |
| Ledger type | Single-asset ledger |
| Launch distribution | Premine |
Market figures from the 28 October 2026 build. Open the live view for every exchange's price, and charts.
Grade pending. Fewer than six of Bitgesell's nine network-security points are measured yet. A grade is not given until it is, so that a coin is never rated higher for what is not yet known.
| Criterion | Score | Basis |
|---|---|---|
| Leading Consensus Mechanisms (Source) | 10 | group average |
| Consensus: leader ladder | 10 | Proof of work: 10 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| Consensus: family ladder | 10 | Proof of work: 10 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Cryptocurrency Standards (Source) | 8.1 | group average, 10 of 13 measured |
| Sound Money Qualities (6 checks) | 8.3 | 5 of 6 points source |
| Scarcity: a fixed cap that holds, and a supply near 21 million | 10 | fixed maximum supply of 21 million: supply scale 10, cap 10 |
| Durability: five years or more with no halt, freeze or reversal | ✓ | 6 full years since its first recorded price, no halt, freeze or reversal in five years |
| Fungibility: every unit interchangeable, none the protocol can freeze or set apart | ✓ | no authority can freeze, blacklist or set apart a coin |
| Divisibility: the smallest unit worth a cent or less | ✓ | 8 decimal places, the smallest unit worth $1.0e-10 |
| Portability: fees of a cent or less and capacity for real demand | ✗ | typical fee $2e-8; about 1 transactions a second (0 on the throughput scale; 5 is the busiest networks' median demand) |
| Verifiability: open-source nodes and checking without a trusted server | ✓ | node software open source; light clients verify from headers or proofs |
| Privacy (5 checks) | 4 | 2 of 5 passed source |
| Whitepaper privacy: keys are not tied to an identity | ✓ | Addresses are hashes of keys users generate themselves; the node checks scripts and signatures, with no identity condition in its consensus rules. |
| UTXO ledger: a new key for each payment, no account linking every coin | ✓ | |
| Network-level privacy: the node hides where a transaction came from (Dandelion++, Tor or I2P, on by default) | ✗ | No Dandelion relay; Tor/onion is an optional -onion/-proxy setting in the Bitcoin-derived node, not on by default. |
| Hidden amounts (confidential transactions, RingCT, shielded pools, Mimblewimble) | ✗ | Transparent transactions: amounts are public on chain. |
| Hidden sender and receiver (ring signatures or zero-knowledge proofs, one-time or stealth addresses) | ✗ | Transparent addresses: sender and receiver are public on chain. |
| Scalability (fees, throughput, block time, block space, features) | 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; 119, 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 (32 MB or more 10) | 2.3 | 0.4 MB limit, 0.37 MB per 10 minutes |
| Features (3 checks) | 6.7 | 2 of 3 passed |
| Payments safe to accept within seconds | ✗ | 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: a full node can validate and drop old history | ✓ | -prune option inherited from Bitcoin Core 0.11 (2015): keeps the UTXO set and recent blocks. |
| Light clients verify payments from headers or proofs, without a trusted server | ✓ | Bitcoin Core-based Keccak PoW header chain with BIP37 Merkle proofs and BIP157 filters (SPV). |
| Security (miner pay and 7 checks) | — | 2 of 5 points, 4 not yet measured source |
| Miners paid a day ($1,000 0, $10 million or more 10), 2 points | – | |
| Its own hashrate: at least half its algorithm's largest, not merge-mined | – | |
| Largest pool or validator under 50% | ✗ | 100% |
| Largest three under 75% | ✗ | 100% |
| More than one maintained client | ✗ | 1 |
| Node software is open source | ✓ | A small, largely anonymous team maintains the node in the BitgesellOfficial GitHub organisation (MIT licence); no company or foundation is identified. |
| Real on-chain use: 1,000+ transactions a day | – | |
| No 51% attack or deep reorganisation in five years | ✓ | |
| Programmability (tokens, contracts, 5 checks) | 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 | ✓ | 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. |
| An exchange built into the protocol | ✗ | No exchange in the protocol. |
| Cross-chain messaging the chain verifies itself | ✗ | No protocol-level cross-chain messaging. |
| Non-fungible tokens | ✗ | No token or NFT type in the consensus rules. |
| Decentralisation | 10 | section average, 6 of 8 measured |
| Censorship resistant (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 | Proof of work: 10 of 10 on the ladder of who produces blocks |
| Nodes (Source) | — | Not yet counted |
| Holder concentration (Source) | — | 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 | 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 |
| Supply & Demand | 5 | group average |
| Supply & Demand (Source) | 0 | average of 2 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 (bids and asks within 2% ÷ market cap, 1%: 10) | – | no order book on the nine exchanges read |
| Market cap ($1M 0, $10B or more 10) | 0 | $166K, 0 on a scale of 2.5 points per tenfold |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | – | not measured |
| Supply (smaller is better) | 10 | fixed maximum supply of 21 million |
| Record | 6 | group average |
| Record (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 | ✓ | |
| 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, improvements, unfixed issues) | 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. |
Twenty criteria, weighted equally. The Cryptocurrency Standards have six sections: sound money qualities (six checks: scarcity, durability, fungibility, divisibility, portability, verifiability), privacy (five checks), scalability (four measures and three features), security (miner pay and seven checks), programmability (token issuance, smart contracts and five checks) and decentralisation (censorship resistance, no central team, who can mint, nodes, holders, premine, fundraising and developer share). Provisional: criteria 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.
16,157,930 of a maximum 21,000,000 BGL are in circulation — 76.9% of the total that will ever exist.
| 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.
No source we can reach publishes a hashrate for Bitgesell.
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.
Bitgesell is #295 among cryptocurrencies and #2811 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 2516 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).