Burstcoin (BURST) is a cryptocurrency that is designed to be highly energy-efficient and a model for green mining. Burstcoin's blockchain operates using a proof-of-capacity (PoC) algorithm, which uses a mining device's available disk space instead of following other energy-intensive mining methodologies. What is BurstCoin. Burstcoin aims to make mining more eco-friendly and energy saving by using a proof of capacity algorithm as a consensus mechanism. Burst was the first cryptocurrency to implement turing complete smart contracts and also boasts integrated, escrow services, crowdfunding.
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BURSTCOIN - Full Mining Tutorial and Explanation There was no initial coin offering ICOno burst coin allocations to early adopters, and no airdrops for any promotions of the cryptocurrency during the launch. This can be used to communicate securely with other network burst coin, and the messages can be attached to the various transactions occurring on the network that facilitates description as well as simple bookkeeping. Updated Mar 31, What Is Burstcoin? The mining process for most virtual currencies requires specialized, expensive, energy-intensive machines; for Uruguay coin values, participants only need to have a regular hard drive. In Junethe creators of Burstcoin implemented a hard fork that created both dynamic block sizes and dynamic transaction fees. The Burst Asset Exchange allows for Burst assets to be used as a token of burst coin for anything that has a value, which may include retirement funds, mining farms and pools, companies, burst coin casino sites.