Bitcoin Interest (BCI) Price, Charts, and News | Coinbase: bitcoin interest, coinbase interest rates, btc interest

What Is Bitcoin Interest (BCI)?

Bitcoin Interest is a decentralized cryptocurrency that is secured by blockchain technology. This cryptocurrency is a fork of the Bitcoin blockchain and uses a new PoW (proof-of-work) consensus mechanism. A fork happens whenever a community makes a change to the blockchain’s protocol or basic set of rules.

As stated in Bitcoin Interest’s whitepaper, the platform can create new blocks with new PoW without any impact on the original Bitcoin blockchain. The network seeks to assist in the decentralization of the mining process of Bitcoin in a different way. Like before, users can participate in the mining process and have all the benefits. Earlier, Bitcoin holders didn’t have an option to stake their coins and earn interest. Bitcoin Interest solves this problem by allowing holders to stake and earn tokens, allowing holders to build a sustainable savings community.

Some of the features of Bitcoin Interest are as follows:

• Users can stake their Bitcoin Interest token and earn yield out of it.

• Miners are rewarded with 12.5 BCI block rewards by participating in the mining process. Also, 1 BCI reward is added to the yield pool.

• The difficulty of each Bitcoin block is reevaluated and made mining-friendly.
  Bitcoin Interest is a cryptocurrency that came into existence after forking Bitcoin blockchain. The ticker of the token is BCI. Holders can earn BCI coins by staking their tokens in wallets and making interest out of it.

History of Bitcoin Interest (BCI)

Bitcoin Interest was launched in 2018 by forking Bitcoin blockchain. The maximum total supply of Bitcoin Interest tokens is 22 million BCI coins.