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

2019-07-16T11:55:41.000Z Honest Cash
bitcoin interest

 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;  

https://explorer.bitcoininterest.io/    

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  

https://my.bitcoininterest.io/r/NCE0JR3K

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