Proof of Capacity

Burstcoin uses an advanced green algorithm to verify transactions. All you need is free space on your device to contribute to the network and mint your own coins. The algorithm favors smaller miners by design

Network

The underlying network for transactions is decentralized by 2027 full nodes. Bitcoin has currently 5200 full nodes online, Ethereum 5500 and NXT has currently 280 full nodes.

Smart Contracts

Burst includes Smart Contracts via a technology called Automated Transactions. This allows e.g. decentralized trustless & comission free Crowdfunding and Lotteries and many other use cases.

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Burstcoin Online Wallet

Burstcoin is securely stored on the blockchain. Create yours and start sending and receiving payments with an address and a click.

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Background

How does it work?

A cryptocurrency that uses the unique algorithm called Proof of Capacity (POC), which utilizes your unused hard disk drive space instead of your processor or graphics card to mine BURST. Miners pre-generate chunks of data known as 'plots' which are then saved to disk.
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Proof of Capacity is Energy Efficient

The energy consuming part of mining is performing the calculations, Burst performs the calculations once, then all it does while mining is to read a few megabytes off of a hard drive every few minutes and checks every nonce it pulls off. Burstcoin's transaction network only uses 10 kW compared with Bitcoin's 200 MW. Transaction costs therefore are 0.02 Cents for Burst and 5 Cents for Bitcoin.

Proof of Capacity is Better Distributed.

Time has shown that the way of mining Burstcoins is decentralized by design. The Currency is evenly distributed after two years of mining and trading.

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Proof of Capacity is ASIC Proof

Burstcoin's Proof of Capacity is based off of Proof of Work, so theoretically you could compute the Proofs in real time. However, it is not possible to require enough work to be done during a 4 minute time frame that even the most cost efficient ASIC cannot mine efficiently enough to make it cheaper to use than a hard drive. ASICs calculation speeds are rising, but so do HDD sizes.

facts and metrics

  • 2,027 Nodes

    More than 2,027 full nodes connected to Burstcoin network

  • 15,023 TB

    Burstcoin total network capacity is 15,023 terrabytes today

  • $961,497.00

    Burstcoin total market cap is $961,497.00 today

  • $7.10

    ~ 10.000 BURST gets you around $7.10 USD today


1,000+

Burstcoin app installs

4.4 Stars

Google Play Store Rating

People like you love Burstcoin

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"Polished, Incredible!"

I've Got 2TB on the Burst network making $2.10 a day, Hard Drive mining is the Future!

Anne Linski - via Twitter
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"Burstcoin For Life"

Helping under developed nations make money by recycling old e-waste products!

Amy Sims - via Twitter
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"Almost too easy!"

Set and forget, with the new Burstcoin app, This is totally a new way to mine crypto-currency.

Larry Yao - via BitNews