[ANN][BURST] Burstcoin | Proof of Capacity | Smart Contracts | Green Mining
NEWS AND ANNOUNCEMENTS
Review by Proof of Review (2/13/2020)
ProofOfReview.com has published a great review of Burst! Please retweet this tweet, and share on other social media platforms! https://twitter.com/GetBURST/status/1228088673670848512?s=20 The direct link to the review page can be found here - https://proofofreview.com/reviews/burst/
Bi-Weekly Burst Report #99 (2/25/2020)
The Bi-Weekly Burst Report #99 has been published - decentralized chat, Phoenix update, BurstDNS, social media, and more! Read the full article at https://burstcoin.ist/2020/02/24/bi-weekly-burst-report-99/
BTDEX - The Decentralized Exchange Powered by Burst (1/4/2020)
There is a DEX project that just launced called BTDEX that is powered by Burst smart contracts, the built-in token system and exchange in BRS, and a standalone dApp. Head over to the website https://btdex.trade to check out the whitepaper, github repo, and other information.
Great BURST Introductory Video (7/26/2019)
The Burst Marketing Fund has created an awesome introductory video to Burst that you can see here - https://www.youtube.com/watch?v=R0yIOWe2i-Q Check it out, and help us spread the video and Burst awareness!
BURST BOUNTIES (Ongoing)
If you want to get yourself some Burst coins, head on over to the Burst Marketing Fund Team's Trello Board. There you can go over the list of opportunities to earn some Burst, and also post your own ideas and suggestions for new bounties.
WHAT IS BURST?
Burst is a cryptocurrency and an open-source decentralized blockchain platform that connects people, companies, and financial institutions. It allows you to move value according to your own rules within a scalable, green, and customizable ledger. It has multiple core-level features and has been running publicly since August of 2014.
Burst is a deflationary currency. The total number of coins that can ever be mined is capped at 2,158,812,800. The mining period for Burst will end in the 2033.
| Video - Burst Introduction 7/26/2019 | Video - Burst Introduction 12/28/2017 | |
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- lack of decentralization
- unsustainable waste of energy
- unfair pre-mines and ICO releases
- supremacy of corporate interests and large mining operations
Burst is the first cryptocurrency secured by the energy efficient Proof-of-Capacity algorithm (PoC). Bitcoin and many other altcoins use the unsustainable Proof-of-Work model that is widely regarded as a pending environmental disaster due to excessive energy usage. The Proof-of-Work model provides for network security by requiring computers to needlessly and repeatedly perform computationally intensive hashing functions in real time. As network difficulty increases over time, an arms race to remain competitive has emerged whereby Proof-of-Work miners employ ever more powerful processors, graphics cards, and expensive application-specific integrated circuits (ASICs). The energy costs are astounding with electric usage devoted to Proof-of-Work estimated to be more than the total usage of some countries. The Bitcoin network's annual electricity usage alone is frequently sited as exceeding that of the country of Switzerland. Bursts alternative Proof-of-Capacity algorithm provides equivalent security using regular computer resources and inexpensive hard drives to store and retrieve the results of hashing functions that have been pre-computed and are reusable in perpetuity.
Decentralization
Burst addresses the centralist tendency problem plaguing other cryptocurrencies by further using an algorithm that is ASIC-proof. With no possibility for ASICs to replace regular everyday hardware as a minimum barrier to feasible entry, continued decentralization is assured.
Energy-Efficient
Burst uses minimal computational resources beyond that required for initial setup. It is estimated that a Burst transaction uses several orders of magnitude less energy than that required to process a bitcoin transaction. This makes Burst eco-friendly and green. It can be mined using something as small as a Raspberry Pi.
Fair Release
Burst was released with advance public notice, without premine, without airdrops, and without an ICO. All Burst in existence today has been mined beginning with the genesis block using the PoC algorithm.
Equal Opportunity
Because there is no need to buy expensive specialized hardware, Burst is and will remain accessible to anyone who owns a personal computer. No matter how well funded an individual or organization, they cannot use expensive equipment to gain advantage over regular miners using regular computer equipment.
The Burst Project is a Team of Volunteers
Burst has a large number of individuals who have stepped up and donated time, skills, and money into the project. Below is a representation of those individuals, but far from including all of the people who have contributed.
Graphic design for this ANN by BURST community member SKIPPER. Feel free to contact him if you are wanting work done.
BURST ADDRESS - BURST-2N7K-HBL7-JCUG-65U5U
Email Address - SkipperDesign19@gmail.com[/list]