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.