Introduction

2019-11-03T11:53:54+01:00November 3rd, 2019||

With most cryptocurrencies that are not based on Proof-of-Stake, there is a process called mining. This process is the foundation for a blockchain to grow and secure transactions within the network. Burstcoin is no different, except that you use precomputed hashes to find values that can be used to forge a block. To fully understand [...]

Algorithms and acronyms

2019-11-03T11:55:17+01:00November 3rd, 2019||

Shabal / Sha256 / Curve25519 Shabal, Sha256 and Curve25519 are cryptographic hash functions used in this text. Shabal is the main one used by Burstcoin. Shabal is a rather heavy and slow cryptographic hash function in relation to many others like SHA256. Because of this, it makes it a good crypto for Proof-of-Capacity coins like [...]

Mining Process

2019-11-03T11:58:21+01:00November 3rd, 2019||

All references to wallet in this text can also be a pool depending on scenario. All references to miner in this text is a software able to do a mining operation for Burstcoin. The first thing that happens when you start mining, is that the miner talks to the wallet and asks for mining information. [...]

Block forging process

2019-11-03T11:59:01+01:00November 3rd, 2019||

Handling deadlines The wallet has now received the information submitted by the miner, and will now create the nonce to be able to find and verify the deadline for itself. After this is done, the wallet will now check and see if an equal amount or more seconds has passed as defined by the deadline. [...]

Block contents

2019-11-03T12:00:58+01:00November 3rd, 2019||

Block version number The version number is basically telling the wallet what a block can contain and how it is contained. This number changes each time a block gets a new format. List of Transaction ID A List of all transaction IDs that are included in this block Payload Hash This is the Sha256 hash [...]

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