Re: [ANN] Bitcoin Interest - Fork 1:1 of Bitcoin - Decentralized Savings Community
Hello,
Normal i don't follow forks of bitcoin but this one can be interesting to follow for a while.
Readed that 30% of the block rewards are going to the interest pool.
As this is a fork of bitcoin, the block rewards are also the same as bitcoin?
Normal i don't follow forks of bitcoin but this one can be interesting to follow for a while.
Readed that 30% of the block rewards are going to the interest pool.
As this is a fork of bitcoin, the block rewards are also the same as bitcoin?
No we do not take 30% from the block reward. We have revised the original PoW and call it Enhanced proof of work as the block no sends two rewards. THe miners still get 100% of their reward at 12.5 and another 1.08 is sent to interest pool.
70% of the pool is used for monthly payout and 30% is set aside for weekly payouts.
What are the two periods of interest needed for?
The two pay periods are for those who want to get interest on a monthly basis, which yields the higher reward, and also we have a weekly payout option for those who want to get paid weekly.
The point is some people have a small amount of BCI, so monthly will yield them a better reward, where if you have a ton of it you could possibly make more during weekly payments. Basically the point is to give people options
Thanks,
Aaron