BurstCoin (BURST)

Current BurstCoin (BURST) price chart in USD, EUR, INR, AUD and more currencies. View history, exchange rates and related cryptocurrency values.

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Description

Burst uses a new algorithm for proof of hdd capacity (POC) mining. Miners pre-generate chunks of data known as 'plots' which are then saved to disk. Taking NXT's great PoS code, and turning it into PoC. PoC takles the problem of unfair distribution, enables blockchain trimming, and allows anyone to mine without massive power bills or any special equipment

Burstcoin is a mineable coin that claims to be the first to implement the environmentally-friendly Proof of Capacity protocol in 2014, which allows miners to use storage space for mining. With a block time of 4 minutes and support for multi-out and multi-out same transactions, the maximum transaction throughput of the Burst blockchain is around 80tps.
Burst also claims to be the first blockchain to implement Turing-complete smart contracts, which come with BlockTalk, a Java compiler. Smart contracts on the Burst blockchain can be used, among others, to deploy on-chain games, create non-fungible tokens (https://kohinoor.blockplay.io/).
The Burst platform also offers the issuance and trading of assets, a built-in marketplace, an alias system for easier transactions, and encrypted on-chain messaging. The project's development is driven by volunteers (Burst Application Team - BAT) and is complemented by community members pushing retail adoption and marketing (Burst marketing Fund - BMF). The dApp ecosystem of Burst includes CloudBurst - a dApp which stores arbitrary data on the chain.

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