Burst is a digital currency based on blockchain technology that is secured by Proof-of-Capacity (PoC) 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.
Burst White Paper
Seán Gauld, Franz von Ancoina and Robert Stadler
Burstcoin (BURST): Mining Made Easy and Accessible With Hard Disk Space
Documentaries, videos and podcasts
What is burstcoin? (3 minute explanation 2018)
December 28, 2017
- Cluster: Blockchain & cryptocurrencyA cluster of topics related to blockchain and cryptocurrency.
- CryptocurrencyA cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies.