The future of money, stocks, and money generation.

A cryptocurrency that uses the unique algorithm called Proof of Capacity (POC), which utilizes your unused hard disk drive space instead of your processor or graphics card to mine BURST. Miners pre-generate chunks of data known as ‘plots’ which are then saved to disk.

BURST is a computer based platform capable of much more than any current system, it is a financial platform, it is a sales platform, it is a stock market, it is the future of the way we will view money. It is a Bitcoin 2.0 platform, meaning it is like bitcoin in base ways, but vastly improved over bitcoin, and has a lot more to offer. The interface is nicer, the system itself is more secure and the way it is minted, or ‘mined’ is future proof, taking a fraction of the power of Bitcoin mining, but that’s not all, because of the way the mining works, it is naturally able to stay more decentralized, and won’t get to the point Bitcoin is today with basically 4 large companies running the vast majority of the network. This is the way crypto currencies, including Bitcoin, were supposed to be by design, but because of the growth of specialized and expensive mining hardware for the Bitcoin algorithm, it has moved away from its original goals, and is now much more centralized than the creator had wanted it to be. BURST will never be this way, due to the fact it can be mined on normal every day computer hardware that everyone has, and everyone has the free space on their devices that is necessary to mine BURST right now, without making any purchases at all.

Capacity is Energy Efficient

The energy consuming part of mining is performing the calculations, but with Burst, the computer performs the calculations once, then all it does while mining is to read a few megabytes off of a hard drive every few minutes and checks every nonce it pulls off, instead of working through heavy calculations like Bitcoin.Burstcoin’s transaction network only uses 10 kW compared with Bitcoin’s 200 MW. Transaction costs therefore are 0.02 Cents for Burst and 5 Cents for Bitcoin.

 Network

The underlying network for transactions is decentralized by 2027 full nodes. Bitcoin has currently 5200 full nodes online, Ethereum 5500 and NXT has currently 280 full nodes.

Smart Contracts

Burst includes Smart Contracts via a technology called Automated Transactions. This allows e.g. decentralized trustless & comission free Crowdfunding and Lotteries and many other use cases.

Proof of How it works …

A cryptocurrency that uses the unique algorithm called Proof of Capacity (POC), which utilizes your unused hard disk drive space instead of your processor or graphics card to mine BURST. Miners pre-generate chunks of data known as ‘plots’ which are then saved to disk.

 

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