The union of Blockchain and Tangle
Blockchain and Tangle are two of the most promising technologies of the 21st century. Because both have their own advantages, we are joining them for unprecedented synergistic gains.
Blockchain
Green
Thanks to our Proof-of-Capacity consensus protocol, Burst is hundreds of times more energy efficient than most cryptocurrencies.
Secure
Thousands of miners around the world are securing the network day and night using military-grade cryptography.
Decentralized
Burst is ruled by its network of users and cannot be altered by governments or financial institutions.
Tangle
Scalable
Each tangle is arbitrary scalable: every new user improves the transactional capacity of the network.
Instant transactions
Lightning-fast: transactions are received in your wallet and validated before you even have the time to check.
No fees
On-tangle transactions are completely free of fees, effectively allowing microtransactions and saving you money.
Tailored for your needs
You really own your money
The blockchain is an immutable digital ledger that keeps all the data safe. You are the only one who can access your Burst account with your private key, and the blockchain cannot be altered by centralized institutions.
Anonymous payment channels
With the Dymaxion, the issuer of a payment channel (Dymaxion Layer) can choose its characteristics – if you wish total privacy for your transactions, zk-SNARK and ring signature technologies are here for you.
Create your own payment channel
With the Dymaxion, anyone can open a new layer on top of Burst: a tangle-based payment channel with its own token. Each tangle is entirely scalable with fee-less and instant transactions, and can be configured freely by the issuer.
Design smart contracts
Burst has been the first ever cryptocurrency implementing turing-complete smart contracts, under a technology called Automated Transactions (AT). Create your own rules: the use cases are infinite.
No more energy waste
True story: because of the power hungry ASIC mining hardware, the Bitcoin network alone consumes as much energy as Columbia. It does not have to be that way.
With Burst and its Proof-of-Capacity algorithm, miners use free space on their hard drives to secure the network, and it barely uses more energy than just leaving the computer on.
950 kWh
Electricity consumed per transaction (Bitcoin)
0.2 kWh
Electricity consumed per transaction (Burst)
7,250,000
TOTAL TRANSACTIONS
142,500
BURST WALLETS
1,000
FULL NODES
350,000
TERABYTES CURRENTLY MINING
Making mining philanthropic (and profitable)
What is the PoC3 protocol?
With the current Proof-of-Capacity consensus algorithm, miners fill their hard drives with plot files that contain all the computations to forge blocks. In their current form, these plot files are otherwise unusable data.
PoC3 is the developers’ plan to enable Proof-of-Capacity mining with real data, like movies, audio, Wikipedia archive files, OpenStreetMap GIS data and more. With PoC3, Burst will take over a custodian role in globally distributed redundant storage: it can be used for the safe preservation of all information acquired by our civilization and of permanent interest.
Back to the roots of cryptocurrencies
We observed the cryptocurrency ecosystem for years, and we have seen the majority of projects go astray because of misleading policies and questionable ethics.
In Burst, we take pride in the fact that we strongly believe in flawless fundamentals, decentralization and innovation and that we favor long-term strategies over short-term greed. Did you know Burst was released without any ICO or premine?
The Team
The PoC Consortium – the development team of Burst – is a group of entirely self funded and highly skilled computer scientists and mathematicians who made a pledge to lead Burst to its rightful place among the top cryptocurrencies.
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