The Pioneer of Proof of Capacity
— an eco friendly blockchain
Burstcoin (Burst)
enables you to connect people and companies without intermediaries in order to communicate,
do business or sign contracts.
Burst as a decentralized open source platform
– acts as a scalable, environmentally friendly and adaptable blockchain.
A smart concept for current and future generations
The Pioneer of Proof of Capacity
— an eco friendly blockchain
Burstcoin (Burst)
enables you to connect people and companies without intermediaries in order to communicate,
do business or sign contracts.
Burst as a decentralized open source platform
– acts as a scalable, environmentally friendly and adaptable blockchain.
A smart concept for current and future generations
NO MORE ENERGY WASTE
True story:
Due to the power-consuming ASIC mining hardware, the Bitcoin network alone consumes as much energy as Switzerland. (Source)
It doesn’t have to be that way!
With Burst and its proof-of-capacity algorithm, Miners use free space on their hard drives to back up the network, and it consumes little more power than simply turning on the computer.
BURST FEATURE RICH ARCHITECTURE
Proof of Capacity
Payment SolutionsQUICK OVERVIEW FOR
Consumers
Businesses
Developers
Miners
Exchanges
BURST CHAIN ACTIVITIES
Total Blocks
Total TX
Wallets
Nodes
Smart contracts
Token
BURST ROADMAP
Upcoming improvements
Core improvements
Improved Smart Contracts (CIP-20)
- An extended BURST smart contract framework named “BlockTalk” is being developed mainly by jjos which aids in the creation and deployment of smart contracts via Java as simple and concise language, and a simple interface for deploying to the blockchain. It includes tools and code snippets to assist in the process, and helps manage the minimal fees involved with running smart contracts. To support also the upcoming development of smart contracts in the BURST environment an AT-fee CIP (CIP-20) was introduced by frank_the_tank, jjos and burstjack.
Usability
- All Roadmaps points reached –> see History
Accessibility
More exchange gateways
- Getting Burst listed on more exchanges and expanding the trading of Burst for fiat.
Development and Retail Adoption Bounty Programs
- To encourage adoption, the Burst Marketing Fund (BMF) has been organizing and already started rolling out various development and retail-related bounty programs.
Communication
Advertising
- A bounty program has been started which rewards BURST for users who generate YouTube videos about Burst, its mining software, and tools.
Bi-Weekly Updates
- The Bi-Weekly Burst Report will continue to be published and produced under the flag of the Burst Alliance.
Core improvements
Wallet Auto-Updater and Multi-Signature Verification
- It is important that Burst nodes stay up to date, and that the process of software delivery be safeguarded against malicious actors or centralized authorities. An auto-update feature coupled with a multi-signature signing process helps ensure that Burst nodes remain up-to-date and secure.
Usability
New Features for Phoenix Desktop
- Phoenix Desktop has more new features planned, including a full node installer, web version, node rotator, customizable dashboards, and several feature enhancements.
Accessibility
Decentralized Exchange
- A decentralized exchange built using the improved smart contract solution currently in development.
Communication
Advertising
- Redesign of the burst-coin.org website.
- Pushing community articles with paid advertising to reach a larger target audience.
- More Bounty Programs
- To further encourage adoption, the Burst Marketing Fund (BMF) will open new bounty programs and conduct hackathons.
Core improvements
The Dymaxion
- The combination of many technologies: tangles, lightning network, Proof-of-Capacity, ring signatures, zk-SNARKS in order to create a truly global, scalable and green cryptocurrency.
Usability
Wallet implementation in other languages
- Creating new wallet software written in languages other than Java, allowing better flexibility for the end user and potential performance gains.
Communication
- Large-scale promotional campaigns
- Creating/Increasing brand recognition via social media
BURST HISTORY
Since 2014 with the genesis block of the Burst blockchain many community members contributed to this project.
We like to highlight the most important improvements or events of the last years in this timeline.
November 2019
Cross-Platform Mobile Wallet
With the release of the mobile version of Phoenix, the CIP-18 was implemented.
Phoenix is a Cross-Platform Wallet Application developed mainly by blankey1337 and ohager to support mobile devices, including iOS and Android.
This wallet feature increased security and a refreshed look and feel.
This was a Roadmap “Nearterm” goal for 2019.
Check the wallet download section for the newest version
October 2019
Burst Marketing Fund (“BMF”) was proud to announce that BURST is now listed on the eterbase exchange also with FIAT and stablecoin pairing !
- EUR
- USDT
- BTC
- ETH
- EBASE
- XBASE
- XBASE-B
A big milestone in the history of BURST !
July 2019
Burst Marketing Fund (“BMF”) was proud to announce that BURST is now listed on the STEX Exchange (BURST/BTC)
New Pool-software
BAT nember harry1453 released a new pool-software.With that pool operators are finally freed from any license restrictions and Burst can open a new chapter for its mining pools.
The new pool-software can be downloaded from the burst-app-team-github.
This was a Roadmap “Nearterm” goal for 2019.
Multi-out payments view integrated into BRS
Recipients of multi-out payments have now the ability to see those transactions in their wallet just like any other transaction. The CIP-19 was implemented with the BRS 2.4.0. release
This was a Roadmap “Nearterm” goal for 2019.
June 2019
Celebrating the first ever Burst-NFT Koh-i-Noor
BlockTalk is an extended Burst smart contract framework which aids in the creation and deployment of contracts. New contracts are written in Java with a simple interface for testing and deploying to the Burst blockchain. BlockTalk includes tools and code snippets to assist in the process and helps to manage the minimal fees involved with running the contract on chain.As a result of the extensive development in the last few months, the team introduced non-fungible tokens (NFT) to BURST. These smart contracts have the unique feature of ownership.
May 2019
Poloniex delisted BURST
BAT nor any member of BMF was informed about the Poloniex decision on the 10th of May. Why Poloniex decided to close the order-book can be only guessed, but the impact was a nearly 50% price drop on this news
January 2019
PoCC left Burst
On the 3rd of Janaury the PoC Consortium stepped back from his role as main development team and made room for the newly formed and community driven BAT development team and the Marketing-Group BMF.
The resigned PoCC members at this time were : ac0v, bold, Brabantian, cgb, Gadrah, JohnnyFFM, rico666, Taliesin Tapiwa, umbrellacorp03, Zach
June 2018
HardFork at Block 500,000
On 11th of June 2018 a successful HardFork happened on the Burst-Blockchain initiated by the PoC-Consortium.
Before the hardfork a block was able to support 255 transactions per block (44,880 bytes)
After the hard fork, each block was adjusted to 1020 * 176 bytes (for a total of 179,520 bytes).
With the introduction of the Multi-out payments the maximum tx per second moved to 80!
With the HardFork, Burst is now able to perform at least 367,200 and a maximum of 6,912,000 on-chain transactions a day. For comparison, Bitcoin can do a maximum of 604,800 transactions a day.
December 2017
Dymaxion
On December 27th 2017, the PoC Consortium developers released a new white paper titled The Burst Dymaxion. It describes the implementation of a tangle-based lightning network allowing for arbitrary scalability and anonymous transactions. The Dymaxion operates with payment channels opened using the directed acyclic graph (DAG) technology on top of the Burst blockchain functionning with the Proof-of-Capacity protocol.
July 2017
Spam attack
On July 22nd 2017 an attacker spammed the Burst network with messages, causing wallets to crash and splitting the network into multiple forks.
The network remained unstable for several days. On August 11th 2017, in the aftermath of the spam attack, a new development team called the PoC Consortium introduced itself on Bitcointalk.org.
They have been recognized by the former development team as the designated successors for the Burst Reference Software.
January 2016
Community took over
Being an open source project, other members of community then took over the development of Burstcoin.
Oon January 11th 2016, a new forum thread was created on Bitcointalk.org by a senior community member.
August 2015
Original Developer disappeared
Burstcoin was released to the public on 10 August 2014 on bitcointalk.org by the original developer who is known under the alias “Burstcoin”. Their real identity is still unknown today. Around August the main developer “Burstcoin” disappeared without any explanation.
May 2015
Burstcoin makes history
Initiated the first Atomic Swap, together with Qora, pioneering the basic concept of a decentralized exchange: https://www.ccn.com/qora-burst-now-able-make-cross-chain-transactions
September 2014
Burst added to the Bittrex exchange
Burst/BTC market added to the Poloniex exchange
August 2014
Burst/BTC market added to the C-CEX exchange
First pool available
Generation of the Genesis block
Birthday of Burst
Burstcoin (also called Burst) is a digital cryptocurrency and payment system based on the blockchain technology. Burstcoin was introduced on the bitcointalk.org forum on 10 August 2014 as an NXT-based currency. Burstcoins are mined using an algorithm called Proof-of-Capacity (PoC) in which miners use computer storage instead of the more common energy-expensive method Proof-of-Work (PoW) which involves permanent computational operations.
Burst was officially introduced with the goal of solving other cryptocurrencies’ biggest problems : lack of decentralization, waste of energy, unfair releases, supremacy of big miners and corporations.
It is the first and only cryptocurrency secured by the Proof-of-Capacity algorithm.