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.
Interest Payments Explained
Every time a miner solves a block in the Bitcoin Interest network, they are rewarded 12.5 BCI coins while an additional 1 BCI is generated from the block and sent to the "Interest Pool." Once the active Weekly or Monthly interest round has finished, the Interest Pool is distributed evenly to all of the users participating in the current interest round.
If 5,000 blocks were solved last month, then the Interest Pool would contain 5,000 BCI coins that would be distributed to the participating users at the end of the Monthly interest cycle.
Miners are rewarded for stabilizing the network while users are rewarded for creating a less volatile market by saving their coins. It's a win, win situation for everyone.
What are the risks?
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 directly into your wallet with absolutely no risk to you. You'll never be required to trust your coin holdings with anyone again!