Burst is 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.
The number of plots you store is effectively your mining speed. Every block the miner will skim through the saved plots, and come up with an amount of time until it is able to mine a block if another block hasn't yet been found.
You only need to generate plots once with your computers’ processor (CPU) or graphic card (GPU), making it hardware and energy friendly.
Hard drive mining. Automated transactions (Smart contracts). Escrow transactions. Asset exchange.
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
Links
- 1 exchange for 12th of August 2020
- 1 trade pairs known for 12th of August 2020
- Homepage: burstcoin.info;
- Forum: Bitcointalk;
- Block Explorer: burstcoin.eu;