Burst
Burst is a decentralized blockchain platform and cryptocurrency that aims to provide fast, private, secure, and affordable transactions. It uses proof-of-capacity mining to reward users who contribute storage space to the network.
blockchain
cryptocurrency
mining
transactions
storage
Burst: Decentralized Blockchain Platform & Cryptocurrency
A fast, private, secure, and affordable blockchain platform and cryptocurrency offering proof-of-capacity mining for users contributing storage space.
What is Burst?
Burst is an open-source, decentralized blockchain and cryptocurrency platform launched in 2014. It was one of the first projects to implement proof-of-capacity (PoC) mining, an alternative consensus mechanism to Bitcoin's energy-intensive proof-of-work mining.
Burst uses unused hard drive space to mine new coins, rewarding users who contribute storage resources to the network. This allows everyday computer users to mine Burst without expensive, specialized hardware. The PoC consensus helps keep Burst decentralized by spreading mining power across many small contributors.
Key features of Burst include:
- Fast transactions with 4 second block times
- Low fees - transactions cost a fraction of a cent
- Private transactions enabled through ring signatures
- Turing complete smart contracts to build dApps
- Asset issuance and colored coins on the blockchain
The Burst platform includes various services for dApp development, NFT marketplace creation, decentralized storage, and more. The BURST token serves as the native currency driving the network.
Overall, Burst brings energy-efficient and scalable blockchain technology with both public and private transaction capabilities for consumers and developers.
Burst Features
Features
- Proof-of-capacity mining
- Fast transaction speeds
- Low transaction fees
- Private transactions
- Decentralized blockchain
- Smart contracts
Pricing
- Free
- Open Source
Pros
More energy efficient than proof-of-work
Faster and cheaper transactions than Bitcoin
Enhanced privacy compared to public blockchains
Allows decentralized apps and services
Cons
Less proven security model than proof-of-work
Lower adoption than more established cryptocurrencies
Requires large hard drive space to participate in mining
Official Links
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