Bitcoin Interest (BCI) is a highly competitive investment cryptocurrency focused on three major areas: technology, community and savings. Our blockchain features new integrated savings technology, where users can safely store currency and earn interest income from it without having to transfer currency from their wallets.

Project Introduction

Bitcoin Interest ("BCI") is a highly competitive investment cryptocurrency focused on three major areas: technology, community and savings. Our blockchain features new integrated savings technology, where users can safely store money and earn interest income from it without having to move money from their wallets.

Bitcoin Interest is the first fully decentralized interest payment platform. Using advanced interest payment technology, users can store their currency in their wallets and get interest payments without entrusting the currency to anyone else to deposit it.

The Bitcoin interest platform uses the latest technology and focuses on fast and frictionless transactions. The Bitcoin interest platform can handle multiple transactions per second while reducing bottlenecks and lag issues in traditional Bitcoin versions.

Community

To build a viable and powerful ecosystem, miners must receive equal and respectful treatment. The Bitcoin interest platform uses the enhanced Proof of Work ("PoW") Equihash algorithm and is less difficult to start with than those that allow higher returns in the community. By using GPU mining, this will make the entire network more dispersed, as no small miners will be excluded. The Bitcoin interest platform hopes to reduce the advantages of professional hardware miners such as ASICs in commodity hardware settings.

Save

Using advanced savings technology can ensure that coin holders can safely deposit their currency into their wallet. Users can earn interest paid in the form of Bitcoin interest ("BCI") currency weekly or monthly, with absolutely no risk of losing BCI currency holdings.

Working Principle

The user's wealth is stored in Bitcoin, which means missing out on one of the most important benefits of traditional banking: interest payments. Users can now earn interest payments by keeping Bitcoin interest ("BCI") currency for a period of time. Here is how it works:

1. Interest Pool—Each Bitcoin Interest ("BCI") block has two rewards; if a miner participates in unblocking a block, he can receive 12.5 BCI currency, and a reward of 1.08 BCI currency will be generated, which will be sent to the interest pool to support interest payments. This is the "Enhanced Proof of Work" Equihash algorithm. The reward for this interest pool will start from 1.08 BCI currency and decrease to 0.54 BCI currency as the block height increases. This setting ensures that those who choose to store BCI currency can continue to receive interest payments.

2. Interest rate—The best part of the Bitcoin interest ("BCI") platform is that there is no fixed interest rate. The interest rate size depends on two things: how much the user's BCI currency is stored, and how much other BCI currencies are stored during their active interest cycle. After the user's currency is stored, the system will conduct continuous inspections to ensure that the currency is stored throughout the entire interest cycle. At the end of each cycle, the system will allocate the balance of the interest pool to the depositor in proportion. For example: If I am going to store 100 BCI currencies throughout the entire interest period, and the total amount is 1,000 BCI currencies, then once the interest generation period is over, I will receive 10% of the interest pool balance.

3. Two Interest Cycles - On the Bitcoin Interest ("BCI") platform, users can choose an interest cycle for the whole week or full month to deposit currency or apply for their share in the collective interest pool. When a user decides to store BCI currency, the user needs to agree that his currency cannot be removed until the end of this round. If the user chooses to remove their BCI currency before the end of this round, interest payments will not be obtained. Each block is untied, 12.5 BCI currency will be generated to reward miners, and 1 BCI currency will be generated, which will be placed in the interest pool to pay interest. The interest cycle calculated over the whole week will be paid with 30% of the interest pool balance, while the interest cycle calculated over the whole month will be paid with 70% of the interest pool balance.

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