Secure
Burst is built with the blockchain technology, meaning that transactions are secured by military-grade cryptography. Be your own bank, without the stress.
Fast
Burstcoins can easily be sent anywhere in the world in 4 minutes for almost non-existent fees. You do not need slow and expensive banks anymore.
Decentralized
Burst is ruled by its network of users and cannot be altered by governments, financial institutions or any single entity, unlike fiat currencies.
Energy efficient & green mining
A Blockchain-based cryptocurrency depends on its users securizing the network by following a complicated algorithm actively validating each transaction. This activity is called “mining” and because of that the entire Bitcoin network now consumes more energy than a number of countries. With Burst and its Proof-of-Capacity (PoC) algorithm using free disk space instead of energy consuming CPUs and GPUs, mining barely uses more energy than just leaving your computer on.
175 KWh
Electricity consumed per transaction (Bitcoin)
0,4 KWh
Electricity consumed per transaction (Burst)
Fairly distributed
- No IPO/ICO
- No premine
- No crowdsale
Decentralized network
- Network size exceeding 100,000 TB
- More than 200 full nodes online
- Miners distributed accross many pools
Distribution architecture
- 4 minute block time
- 2,158,812,800 total supply
- Block reward decreases 5% each month
Burst has been the first ever cryptocurrency including the Smart Contracts technology across its distributed blockchain network via a technology called Automated Transactions. This allows e.g. decentralized trustless & commission free Crowdfunding and Lotteries and many other use cases run in a decentralized and secure way.
The reason for Smart Contracts’ name is that they allow people to agree on a piece of code ahead of time and trustlessly know that if they submit the code to the network, then it will be completed as requested.
A Burst application is available on the Android Play Store. You can use it to access your wallet, but most importantly you can plot any free space on your Android device and mine with it.
Burst is the first cryptocurrency allowing to mine efficiently with your Android phone, or any other device running on the Android system, without fearing overheating or damage of the equipment. The possibilities are endless, and with SD cards capables of storing more and more data Android mining is set to become very relevant in the coming years.
An application-specific integrated circuit (ASIC) is a kind of integrated circuit that is specially built for a specific application or purpose. Compared to a programmable logic device or a standard logic integrated circuit, an ASIC can improve speed because it is specifically designed to do one thing – like mining a cryptocurrency – and it does this one thing well. The very high prices of ASICs make it unfair for the average small miner and is against the decentralized approach of cryptocurrencies, allowing only big mining farms to thrive.
Burst’s Proof of Capacity is based off of Proof of Work, so from a theoretical point of view you could compute the Proofs in real time. However, it is not possible to require enough work to be done during a 4 minute time frame that even the most cost efficient ASIC cannot mine efficiently enough to make it cheaper to use than a hard drive. ASICs calculation speeds are rising, but so do HDD sizes.
A new way to make money
With this cryptocurrency built on the unique Proof-of-Capacity algorithm, miners are paid in burstcoins to secure the network. This is done easily with something almost everybody already has in their possession : free disk space, as opposed to currencies traditionnaly mined by CPU, GPU or ASIC. Barriers to entry are very low.
All you have to do is plug in your drive, plot it once and for all, and leave your computer mining alone, earning you coins periodically. The more space you allocate to mining, the higher the reward.
The best thing being, mining leads to extremely low power consumption (in fact, you won’t even notice it on your power bill) and doesn’t damage your drives. You can still use them for storage or sell them if you decide to stop mining.
A beautiful all-in-one wallet
The all-in-one client is the ultimate tool to manage your coins, to plot your drives and to mine in just a few clicks. It includes everything you need to get started fast, along with a large range of features :
- Decentralized asset exchange
- Decentralized marketplace
- Decentralized crowdfunding
- Encrypted messaging
- Escrow system
- Plotting & mining tools
- Contact & passphrase management
- And more…