What is Bitcoin Interest?
Bitcoin Interest ("BCI") is a competitive staking cryptocurrency focusing on three key areas Technology, Community, and Savings. Our blockchain has new integrated savings technology that allows our users to safely park their coins and earn interest payments without ever moving coins from their wallets.
Don't Risk Your Coin Holdings
Unlike other interest payment platforms that require you to send your coins to them, Bitcoin Interest is the first fully decentralized interest payments platform that will never ask you to send your coins anywhere! With our advanced interest technology you can hold your coins in your own wallet and receive interest payments with absolutely no risk to you. You'll never be required to trust your coin holdings with anyone again!
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Bitcoin Interest BCI Coin Intro 1 https://youtu.be/RQGsZGh7RpY via @YouTube
Technology
Bitcoin Interest is built using the latest technology, focusing on speedy frictionless transactions. Bitcoin Interest can handle many transactions per second while reducing the bottlenecks and lag of the legacy version of Bitcoin.
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Bitcoin Interest
What is Bitcoin Interest?
Bitcoin Interest ("BCI") is a competitive staking cryptocurrency focusing on three key areas Technology, Community, and Savings. Our blockchain has new integrated savings technology that allows our users to safely park their coins and earn interest payments without ever moving coins from their wallets.
Don't Risk Your Coin Holdings
Unlike other interest payment platforms that require you to send your coins to them, Bitcoin Interest is the first fully decentralized interest payments platform that will never ask you to send your coins anywhere! With our advanced interest technology you can hold your coins in your own wallet and receive interest payments with absolutely no risk to you. You'll never be required to trust your coin holdings with anyone again!
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Technology
Bitcoin Interest is built using the latest technology, focusing on speedy frictionless transactions. Bitcoin Interest can handle many transactions per second while reducing the bottlenecks and lag of the legacy version of Bitcoin.
Bitcoin Interest
Community
Our community recognizes that to have a viable and robust ecosystem that the miners must be treated with fairness and respect. Bitcoin Interest is an enhanced Proof of Work ("PoW") Equihash algorithm and will start off with a much lower mining difficulty than Bitcoin allowing the miners in our community to benefit from higher rewards. By utilizing GPU mining, we will see a more decentralized network as we will not be excluding any of the smaller miners. Bitcoin Interest wants to minimize the advantage that specialized hardware miners (such as ASICs) have over commodity hardware setups.
Savings
Our advanced savings technology allows our coin holders to safely park their coin holdings in their own wallets. Users can earn weekly or monthly interest payments in the form of Bitcoin Interest ("BCI") coins with absolutely no risk of losing their BCI coin holdings.
Team
Bitcoin Interest has a well-rounded team; Our Engineers have deep knowledge of Cryptography and Decentralized Systems. We do not Control Bitcoin Interest, nor do we control the mining or distribution of Bitcoin Interest. Our community contributes to the decentralization, helping to protect it from failure. We launched Bitcoin Interest to help the community of miners and coin holders alike, as they are the ones that continue to drive this industry towards success
How It Works
Storing your wealth in Bitcoins translates into missing out on one of the most significant benefits of traditional banking: interest payments. Users can now earn interest payments in a decentralized manner by parking their Bitcoin Interest ("BCI") coins for a set period time. Here's how it works:
Interest Pool - Every Bitcoin Interest ("BCI") block has two rewards; 12.5 BCI coins are generated for the miners for their participation in solving the block, and an additional 1.08 BCI coin reward is generated and sent to the interest pool to facilitate interest payments. This is achieved through what we call, "Enhanced Proof of Work" using the Equihash algorithm. The interest pool reward will start at 1.08 BCI coins and will decrease to 0.54 BCI coins as our block height increases. This setup will ensure that interest payments are always available for those that choose to participate in parking their BCI coins.
Interest Rates - The best part of Bitcoin Interest ("BCI") is that there is no set interest rate. The interest rate depends on two things: How many BCI coins you park, and how many other BCI coins are parked in the active interest round. After parking your coins, our system will continuously check to ensure that they are parked for the entirety of the interest round. At the end of the round, the system will proportionally distribute the balance of the interest pool to those who parked their coins. As an example: If I was to park 100 BCI coins for the entire duration of the round, and there were a total of 1000 BCI coins parked, then I would receive 10% of the interest pool balance once the round has finished.
Two Interest Cycles - With Bitcoin Interest ("BCI") you can choose either a weekly or monthly interest period to park your coins and claim your share of the collective interest pool. When you decide to park your BCI coins you agree to not move your coins until the current round has ended. If you choose to move your BCI coins before the round has ended, you will not receive an interest payment which is why it is in your best interest to lock in your coins for the duration of the round. Each block that is solved generates 12.5 BCI coins to reward the miners, and with every block that is solved an additional 1 BCI coin is generated and placed into the interest pool to facilitate interest payments. The Weekly interest round uses 30% of the interest pool balance for payouts while the Monthly interest round uses the remaining 70% of the pool balance for payouts.
Comparison
Bitcoin (BTC)
Bitcoin Interest (BCI)
Bitcoin Cash (BCH)
Supply
21,000,000 22,300,000 21,000,000
Algorithm
PoW SHA256 Enhanced PoW Equihash PoW SHA256
Mining Hardware
ASIC GPU ASIC
Block Interval
10 Minutes 10 Minutes 10 Minutes
Unique Address Format
No Yes No
Block Size
1M (2-4M) 1M (2-4M) 8M (8M)
Difficulty Adjustment
2 Weeks Every Block 2 Weeks + EDA
Segwit Support
Yes Yes No
Replay Protection
No Yes Yes
Earn Interest Payments
No Yes No
Comparison
Bitcoin (BTC)
Bitcoin Interest (BCI)
Bitcoin Cash (BCH)
Supply
21,000,000 22,300,000 21,000,000
Algorithm
PoW SHA256 Enhanced PoW Equihash PoW SHA256
Mining Hardware
ASIC GPU ASIC
Block Interval
10 Minutes 10 Minutes 10 Minutes
Unique Address Format
No Yes No
Block Size
1M (2-4M) 1M (2-4M) 8M (8M)
Difficulty Adjustment
2 Weeks Every Block 2 Weeks + EDA
Segwit Support
Yes Yes No
Replay Protection
No Yes Yes
Earn Interest Payments
No Yes No
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