Details about Bitcoin Interest cryptocurrency
Bitcoin Interest
BCI
Unknown for now
Equihash
10
€0
22,300,000
1
Unknown
http://bitcoininterest.io/
@btcinterest
Bitcoin Interest price charts
BCI exchanges
Bitcoin Interest, the crypto
Bitcoin Interest (BCI) is a cryptocurrency that was forked from Bitcoin in December 2017. It aims to address some of the limitations of Bitcoin by implementing a new Proof of Stake (PoS) consensus algorithm and introducing new features to improve privacy and security.
The point
The main point of Bitcoin Interest (BCI) is to incentivize users to hold onto their coins and earn interest on them. The PoS algorithm allows users to earn interest on their BCI holdings simply by holding them in a wallet that's connected to the network. The interest rate varies depending on the amount of BCI held and the duration of the stake.
The problem
One of the problems that Bitcoin Interest (BCI) tries to solve is the issue of mining centralization. With Bitcoin, mining has become increasingly centralized, with just a few large mining pools controlling the majority of the network's hash rate. This can lead to concerns about the security and decentralization of the network. By introducing a PoS algorithm, Bitcoin Interest (BCI) allows more people to participate in the network and earn rewards, without relying on expensive mining hardware.
Compare BCI and BTC performance
| Timeframe | BCI | BTC |
|---|---|---|
| 1h change | 0 % | 0.147369 % |
| 24h change | 0 % | -3.62863 % |
| 7 day change | 0 % | 3.9344 % |
| 14 day change | 0 % | -8.62535 % |
| 30 day change | 0 % | -7.41801 % |
| 200 day change | 0 % | 127.413 % |
| Year change | 305.66 % | 141.647 % |