|Coin Proof||Proof of Capacity|
Introducing BurstCoin, a cryptocurrency based on proofs of capacity instead of wasteful proofs of work.
Mining in BurstCoin is designed to have low setup and overhead costs, yielding a fairer reward structure for small and large miners.
Miners in BurstCoin dedicate disk space rather than computation.
By design, BurstCoin adapts proof-of-capacity for the cryptocurrency setting, and proposes a new block chain format and transaction types that prevent attacks that exploit the inexpensiveness of mining (from which alternative non-proof-of-work-based proposals have suffered).
Note: The realization of the concepts in the SpaceMint whitepaper exists as BurstCoin, which now uses Proof of Capacity, a form of SpaceMint's Proof of Space. - source
A new Weekly $BURST Report is out - pre-Dymaxion hard fork, PoC2 switch, the engraver, and more! Get the latest new… t.co/jylN4WQ1T9
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