r/burstcoin

6.5K archived posts · Aug 2014 – Jul 2021

Burstcoin

r/burstcoin

Please move to https://www.reddit.com/r/Signum/

Created Aug 14, 2014 · restricted

7KMembers (last snapshot)

6.5KArchived posts

#What Is Burst?

Burst is a revolutionary cryptocurrency using a unique consensus algorithm called Proof of Capacity. This allows the mining process to shed exorbitantly priced hardware, extreme electricity consumption, and massive amounts of generated heat, while further decentralizing by enabling anyone with extra disk space to participate with almost no performance degradation to their machine. By precomputing nonces once and storing them on hard drives each nonce can later be recalled in the mining process.
Burst was the first cryptocurrency to implement turing complete smart contracts and also boasts integrated, escrow services, crowdfunding, messages, and a decentralized asset exchange and marketplace.
Basic Info
- Genesis Block: August 10th, 2014
- Block Time: 4 Minutes
- Blockchain Size: ~7GB
- Algorithm: Shabal256
- Total Supply: 2,158,812,800 BURST
- Block Reward Decay: 5% per Month
- Code fork of NXT
- No Premine, ICO, or Airdrop

#Community Resources

#Other Burst Communities

#Related Subreddits

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