The Pioneer of Proof-of-Capacity — an eco-friendly blockchain

The Pioneer of Proof-of-Capacity — an eco-friendly blockchain NO MORE ENERGY WASTE Due to its power-consuming ASIC mining hardware, the Bitcoin network alone consumes as much energy as Switzerland. (Source) With Burst and its proof-of-capacity algorithm, miners use free space on their hard-drives to back up the network, consuming little more power than simply leaving […]

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The Pioneer of Proof-of-Capacity
— an eco-friendly blockchain

NO MORE ENERGY WASTE

Due to its power-consuming ASIC mining hardware, the Bitcoin network alone consumes as much energy as Switzerland. (Source)

With Burst and its proof-of-capacity algorithm, miners use free space on their hard-drives to back up the network, consuming little more power than simply leaving the computer turned on.

Burst has a lot of built-in functionality which are ready to use for any kind of idea/business

Proof of Capacity

Payt Solutions

Token

Arbitrary Messages

Smart Contracts

Crowd-Funding

Alias System

Marketplace

Since its genesis block in 204, the Burst blockchain has had many community member contributions to the project.
This timeline will highlight the most important improvets or events that have taken place.

HardFork at Block 875500 and 878000

On th of 24th of April and 0th of May 202 the HardFork codename “Signum” succesfully happened on the Burst-Blockchain initiated by the BAT including improvets through CIPs 26, 27, 28 and 29. The main goal was to introdcue PoC+ a new consensus for the Burst blockchain and a minimum block reward.

Read the detail here

 

 

Burst joins BPSAA

The Blockchain Privacy, Security & Adoption Alliance (BPSAA) aims to educate the public on privacy and security issues and solutions in blockchain, and to facilitate a common forum for developers to create open-source privacy and security technologies for public use.

Burst joins BPSAA

BTDEX with Burst-Token and cross-chain order launched

BTDEX decantral exchnage

 

BTDEX is a decentralized exchange system running on the Burst blockchain. It implets a unique non-custodial exchange method for cryptocurrencies and conventional currencies based on BlockTalk Smart Contracts and Burstcoin on-chain encrypted messages. The exchange method is serverless and fees are distributed among Trade Token (TRT) holders.

HardFork at Block 765,000
On 20th of June 2020 a successful HardFork happened on the Burst-Blockchain initiated by the BAT  including improvets through CIPs 20, 22, 23, 24 and 25.
The two main goals of this HardFork was to stabilize the Blocktimes around 4 minutes and to boost the smartcontract framework.
Read the technical details here

Smartcontracts BlockTalk

 

 

Cross-Platform Mobile Wallet
With the release of the mobile version of Phoenix, the  CIP-18 was impleted.
Phoenix is a Cross-Platform Wallet Application developed mainly by blankey337 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 209.

 

Check the wallet download section for the newest version

Burst Marketing Fund (“BMF”) was proud to announce that BURST is now listed on the eterbase exchange  also with and stablecoin pairing !

A big milestone in the history of BURST !

Burst Marketing Fund (“BMF”) was proud to announce that BURST is now listed on the STEX Exchange (BURST/BTC)

New Pool-software
BAT nember harry453 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 wnloaded from the burst-app-team-github.

This was a Roadmap “Nearterm” goal for 209.

Multi-out payts view integrated into BRS
Recipients of multi-out payts have now the ability to see those transactions in their wallet just like any other transaction. The CIP-19 was impleted with the BRS 2.4.0. release

This was a Roadmap “Nearterm” goal for 209.

Celebrating the first ever Burst-NFT Koh-i-Noor
BlockTalk is an extended Burst smart contract framework which aids in the creation and deployt 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 developt in the last few months, the team introduced non-ble tokens (NFT) to BURST. These smart contracts have the unique feature of ownership.

Poloniex delisted BURST
BAT nor any member of BMF was informed about the Poloniex decision on the 0th 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

Phoenix Burst Wallet released by the BAT members blankey and ohager
Phoenix Desktop Wallet is powered by BurstJS, a powerful library for building Burst-applications. Read more about BurstJS and Phoenix in CIP-18.

PoCC left Burst
On the 3rd of Janaury the PoC Consortium stepped back from his role as main developt team and made room for the newly formed and community driven  BAT developt 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

HardFork at Block 500,000
On th of June 208 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 020 * 76 bytes (for a total of 79,520 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 6,92,000 on-chain transactions a day. For comparison, Bitcoin can a maximum of 604,800 transactions a day.

HardFork Burstcoin

Dymaxion
On December 27th 207, the PoC Consortium developers released a new white paper titled The Burst Dymaxion. It describes the impletation of a tangle-based lightning network allowing for arbitrary scalability and anonymous transactions. The Dymaxion operates with payt channels opened using the directed acyclic graph (DAG) technology on top of the Burst blockchain functionning with the Proof-of-Capacity protocol.

The-Burst-Dymaxion-1.00

 

 

 

Spam attack
On July 22nd 207 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 th 207, in the aftermath of the spam attack, a new developt team called the PoC Consortium introduced itself on Bitcointalk.org.
They have been recognized by the former developt team as the designated successors for the Burst Reference Software.

Community took over
Being an open source project, other members of community then took over the developt of Burstcoin.
Oon January th 206, a new forum thread was created on Bitcointalk.org by a senior community member.

Original Developer disappeared
Burstcoin was released to the public on 0 August 204 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.

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

Burst added to the Bittrex exchange

Burst/BTC market added to the Poloniex exchange

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 payt system based on the blockchain technology. Burstcoin was introduced on the bitcointalk.org forum on 0 August 204 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.

The Pioneer of Proof-of-Capacity
— an eco-friendly blockchain



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