LoginSign Up
Burst (cryptocurrency)

Burst (cryptocurrency)

A digital currency that is secured by Proof-of-Capacity algorithm.

Burst is a digital currency based on blockchain technology that is secured by Proof-of-Capacity algorithm. Burst was created by an anonymous developer, and is being worked on by a team of developers called the PoC Consortium.

It is a green cryptocurrency using inexpensive, low-power hard drives instead of high powered processors and graphic cards. The companies website claims that Burst uses 0.0024 kWh per verified transactions. Burst features asset exchange, smart contracts, marketplace, crowdfunding, and an encrypted messaging platform. Transactions on Burst do not require any fees, and the Burst blockchain can handle an unlimited amount of transactions per second according to the companies website.

Timeline

People

Name
Role
Related Golden topics

Further reading

Title
Author
Link
Type

Burst White Paper

Seán Gauld, Franz von Ancoina and Robert Stadler

Academic

Burstcoin (BURST): Mining Made Easy and Accessible With Hard Disk Space

Freddie Miller

Web

Documentaries, videos and podcasts

Title
Date
Link

What is burstcoin? (3 minute explanation 2018)

December 28, 2017

Companies

Company
CEO
Location
Products/Services

References