Bitcoin Interest (BCI) is a highly competitive investment cryptocurrency that focuses on technology, community and savings. Our blockchain features a new integrated savings technology that allows users to store coins securely and earn interest income on them without moving coins from their wallets.

Project Introduction

Bitcoin Interest (“BCI”) is a highly competitive investment cryptocurrency that focuses on technology, community and savings. Our blockchain features new integrated savings technology, allowing users to securely store coins and earn interest income on them without moving coins from wallets.

Bitcoin interest is the first fully decentralized interest payment platform. Using advanced interest payment technology, users can store the currency in their own wallets and get interest payments without entrusting the currency to any other people deposit.

The Bitcoin Interest platform uses the latest technology and focuses on fast and frictionless transactions. The Bitcoin Interest platform can process multiple transactions per second while reducing the bottleneck and lag issues of the traditional Bitcoin version.

Community

For the community to build a viable and strong ecosystem, miners must be treated equally and with respect. The Bitcoin Interest platform utilizes an enhanced version of the Proof-of-Work ("PoW") Equihash algorithm and initially has a lower mining difficulty than those Bitcoins that allow for higher yields in the community. By using GPU mining, this will make the entire network more decentralized as no small miners will be left out. The Bitcoin interest platform hopes to reduce the advantage that professional hardware miners (such as ASICs) have over commodity hardware setups.

Savings

Adopting advanced savings technology can ensure that currency holders deposit their currency safely in their wallets. Users earn weekly or monthly interest payments in Bitcoin Interest (“BCI”) currency with absolutely no risk of losing their BCI currency holdings.

How it works

Storing your wealth in bitcoin means missing out on one of the most important benefits of traditional banking: interest payments. Users can now earn interest payments in a decentralized manner by holding Bitcoin Interest (“BCI”) currency in storage for a period of time. Here's how it works:

1. Interest Pool - Each Bitcoin Interest ("BCI") block has two types of rewards; if a miner participates in unlocking a block, they can get 12.5 BCI coins, and another 1.08 coins will be generated The reward of BCI currency is sent to the interest pool to support the payment of interest. This is the "Enhanced Proof of Work" Equihash algorithm. The reward of this interest pool will start from 1.08 BCI coins and decrease to 0.54 BCI coins as the block height increases. This setting ensures that those participants who choose to deposit BCI currency can continue to receive interest payments.

2. Interest Rates - The best part about the Bitcoin Interest ("BCI") platform is that there are no fixed interest rates. The interest rate depends on two things: the amount of BCI currency deposited by the user, and the amount of other BCI currency deposited during its active interest cycle. After the user's currency is deposited, the system will continue to check to ensure that the currency is deposited throughout the entire interest cycle. At the end of each cycle, the system will distribute the balance of the interest pool to depositors in proportion. For example: If I plan to deposit 100 BCI coins during the entire interest period, and the total amount is 1000 BCI coins, then once the interest period ends, I will receive 10% of the interest pool balance.

3. Two Interest Periods - On the Bitcoin Interest ("BCI") platform, users can choose a full weekly or full monthly interest period for depositing currency or claiming their share in a collective interest pool. When a user decides to deposit BCI currency, the user needs to agree that his currency cannot be removed until the end of the current round. If users choose to remove their BCI currency before the end of the round, they will not be able to receive interest payments. Every time a block is unlocked, 12.5 BCI coins will be generated to reward miners, and 1 BCI coin will be generated, which will be put into the interest pool to pay interest. Interest periods calculated on a weekly basis will be paid using 30% of the interest pool balance, while interest periods calculated on a full month basis will be paid using the remaining 70% of the interest pool balance.

Related links:
https://www.bitcoininterest.io/
https://www.btcsearch.com/t/220435