What is Burst?

"Burst was created in August 2014 as a Nxt fork – it has been working and battle-tested for years. It is the first and currently only cryptocurrency using the Proof-of-Capacity consensus algorithm, a modified PoW mined with HDD space, making it much more energy efficient and green than Proof-of-Work, yet fairer and more decentralized than Proof-of-Stake. It was the first ever cryptocurrency to implement working, turing-complete smart contracts, and to perform Atomic Cross-Chain Transactions (ACCT).

On December 27th 2017, the PoC Consortium developers released a white paper titled The Burst Dymaxion, describing the implementation of a tangle-based lightning network, making Burst a truly scalable, energy efficient and anonymous cryptocurrency. In 2018 the Dymaxion will allow to open payment channels in the form of Tangles on top of the Burst blockchain."

-Burst-Coin.org
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General

TICKER SYMBOLS
BURST
AGE
5 years old (June 12, 2014)
CURRENT PRICE
$0.007087
Updated 47 seconds ago via cryptocompare.com
CHEDDUR ALL TIME HIGH
$0.125327
2 years ago
CIRCULATING SUPPLY
2,051,778,917 coins
Updated 4 minutes ago via coinmarketcap.com
MARKET CAP
$14,541,371
Updated 2 minutes ago

Technical

TOKEN
Nxt Token
MONETARY POLICY
Maximum Supply (2,158,812,800 coins)
PRE-MINED / RESERVED
No
CONSENSUS MECHANISM
Proof of Capacity (PoC)
MINEABLE / STAKEABLE
Yes
AVERAGE CONFIRMATION TIME
4m
CURRENT BLOCK REWARD
10,000 coins
HASHING ALGORITHM
SHA-256
DIFFICULTY ADJUSTMENT
Every block (~4 minutes)

Categories

Payments

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