BurstCoin (BURST)

INFO DETAILS
Created Jun 2014
Coin Proof Proof of Capacity
Algorithm Shabal256
Supply 2,158,812,800

BurstCoin Info

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

BURST
Burst
% 1h
1.23
% 24h
1.45
% 7d
7.76
USD
0.00817
BTC
1.27e-6
CNY
0.0560

Latest Tweets

A new Weekly $BURST Report is out - Tethered Assets, CIPs 8-14, community events, and more! Get the latest news: t.co/uIlFuIABDh

How do Tethered Assets work? $BURST #burst #burstcoin #GreenCrypto #DecentralizedExchange #sustainable Full explana… t.co/zOkRzRrFGL

[ANN] We present you the Tethered Assets concept - a unique way to build a fiat-coupled decentralized exchange with… t.co/STOOH2tTxX

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