What is bitcoin interest: More information about bitcoin interest, a staking cryptocurrency

What is bitcoin interest: More information about bitcoin interest, a staking cryptocurrency

By quintomudigo | Crypto Street | 16 Jul 2019


 Bitcoin Interest  is a   cryptocurrency that resulted from the bitcoin hard-fork blockchain whose transaction takes place from one peer to another without involvement by the government thus is being considered to be decentralized. Bitcoin interest cryptocurrency hard-fork took place to enable users to earn interest in staking their bitcoin interest. The more the stakers in the staking pool the more interest generated thus the more the reward.

Bitcoin interest transaction

Bitcoin interest transaction takes place on the bitcoin interest blockchain Explorer based on block heights and timestamp. To view how the transaction takes place on the bitcoin interest blockchain explorer, simply follow the link below;  


Date Launched

bitcoin interest was first released to the public in 2018 with the main objective of allowing an individual to earn a certain percentage of bitcoin interest based on the amount they stake.

Founder Of Bitcoin interest  

Since bitcoin interest came as a result of the bitcoin hard-fork and the person or a group of people behind bitcoin gave themselves an identity of Satoshi Nakamoto, Bitcoin interest can, therefore, be considered to have been created by the same group of people

Process of creating Bitcoin Interest

Unlike other cryptocurrencies like bitcoin and Ethereum which are created based on proof-of-work through the mining process in the presence of electricity and internet using GPU and CPU, for Bitcoin Interest, that is not the case. Instead, Bitcoin interest cryptocurrency is created as a proof-of-stake. Unlike in proof-of-work where new coin is added to its blockchain in form of a block and reward the miners who shared their computing power, for Bitcoin interest, this is not the case. Instead, Bitcoin interest holders are the one who are considered to add a block of the already existing Bitcoin interest cryptocurrency to the Bitcoin interest blockchain after which they will be rewarded a certain percentage of Bitcoin interest based on their staking. The more the holders in the staking pool the more the blocks been added to the bitcoin interest block thus the more the interest reward in form of bitcoin interest. The algorithm used is progpow algorithm.CPU and GPU mining hardware are also used. As a staker, you create a less volatile market thus being rewarded for holding your coin while as a miner you are stabilizing the bitcoin interest network thus also being rewarded.  To start staking your bitcoin interest to earn interest, simply follow the link below  


  Maximum circulation of Bitcoin interest

The maximum supply of Bitcoin interest to the bitcoin interest blockchain is expected to be 22, 300,000. After this, stakers and miners will still continue to be rewarded.

Bitcoin interest Price

Currently, 1 Bitcoin interest is worth more than $0.07 and its price is expected to increase over the next period of time. Bitcoin interest is being abbreviated as BCI  

Converting my Bitcoin interest to other cryptocurrencies

To convert your Bitcoin interest to other cryptocurrencies such as bitcoin, you need to have a cryptocurrency exchange account. If you don't own one then you can follow the link to open a cryptocurrency exchange account for easy conversion of your Bitcoin interest to bitcoin  


Storing my bitcoin interest

To store your Bitcoin interest, you need a Bitcoin interest wallet or other supported cryptocurrency wallets. You can use bitcoin interest web wallet or other supported Bitcoin interest wallets. For the safety of your bitcoin interest, you can use offline Bitcoin interest wallet like Ledger hardware  wallet  or you can download Electrum bitcoin interest wallet  

Transferring my Bitcoin interest to other Users

If you want to transfer your Bitcoin interest to another user, the two of you must have trust in each other. The trust should be the Bitcoin interest address provided for the receiver while the sender must have the Bitcoin interest balance in their account to send to the receiver. For the sender, a blank space to insert receiver address and another blank space to insert the amount to send to the receiver is indicated. Here is how it looks like;



Knowing more About Bitcoin interest

If you feel that you need to learn more about Bitcoin interest, then you can follow them on their site. Here is the link redirecting you to Bitcoin interest site  


Now that you know, I think that it is time for you to start staking some Bitcoin interest so that you can earn interest based on proof-of-staking if you feel it is a promising future project for you. If you feel that I should also own some for helping you to know more about this cryptocurrency, here is my Bitcoin interest address ;  


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Trader, Blockchain Technologist and Contentpreneur. Also founder and CEO @ Teacher Forex School.

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