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BURST 2019 Summer Hackathon! |
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 NEWS AND ANNOUNCEMENTS
Hard Fork June 20th; Codename: Sodium (5/8/2020)
Burst is soon to experience another milestone. A hard fork will be performed on approximately June 20th. Read the details in the link, spread the word. Big things are coming. Link - https://burstwiki.org/en/
Great BURST Introductory Video (7/26/2019)
The Burst Marketing Fund has created an awesome introductory video to Burst that you can see here - https://www.youtube.com/watch?v=R0yIOWe2i-Q Check it out, and help us spread the video and Burst awareness!
BURST BOUNTIES (Ongoing)
If you want to get yourself some Burst coins, head on over to the Burst Marketing Fund Team's Trello Board. There you can go over the list of opportunities to earn some Burst, and also post your own ideas and suggestions for new bounties.
 WHAT IS BURST?
Burst is a cryptocurrency and an open-source decentralized blockchain platform that connects people, companies, and financial institutions. It allows you to move value – according to your own rules – within a scalable, green, and customizable ledger. It has multiple core-level features and has been running publicly since August of 2014.
Burst is a deflationary currency. The total number of coins that can ever be mined is capped at 2,158,812,800. The mining period for Burst will end in the 2033.
| Video - Burst Introduction 7/26/2019
| Video - Burst Introduction 12/28/2017
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Burst was officially introduced on the 10th of August 2014 with a goal to solve the largest problems faced by other cryptocurrencies:- lack of decentralization
- unsustainable waste of energy
- unfair pre-mines and ICO releases
- supremacy of corporate interests and large mining operations
Burst is the first cryptocurrency secured by the energy efficient Proof-of-Capacity algorithm (PoC). Bitcoin and many other “altcoins” use the unsustainable Proof-of-Work model that is widely regarded as a pending environmental disaster due to excessive energy usage. The Proof-of-Work model provides for network security by requiring computers to needlessly and repeatedly perform computationally intensive hashing functions in real time. As network difficulty increases over time, an arms race to remain competitive has emerged whereby Proof-of-Work miners employ ever more powerful processors, graphics cards, and expensive application-specific integrated circuits (ASICs). The energy costs are astounding with electric usage devoted to Proof-of-Work estimated to be more than the total usage of some countries. The Bitcoin network's annual electricity usage alone is frequently sited as exceeding that of the country of Switzerland. Burst’s alternative Proof-of-Capacity algorithm provides equivalent security using regular computer resources and inexpensive hard drives to store and retrieve the results of hashing functions that have been pre-computed and are reusable in perpetuity.
Decentralization
Burst addresses the centralist tendency problem plaguing other cryptocurrencies by further using an algorithm that is ASIC-proof. With no possibility for ASICs to replace regular everyday hardware as a minimum barrier to feasible entry, continued decentralization is assured.
Energy-Efficient
Burst uses minimal computational resources beyond that required for initial setup. It is estimated that a Burst transaction uses several orders of magnitude less energy than that required to process a bitcoin transaction. This makes Burst eco-friendly and green. It can be mined using something as small as a Raspberry Pi.
Fair Release
Burst was released with advance public notice, without premine, without airdrops, and without an ICO. All Burst in existence today has been mined beginning with the genesis block using the PoC algorithm.
Equal Opportunity
Because there is no need to buy expensive specialized hardware, Burst is and will remain accessible to anyone who owns a personal computer. No matter how well funded an individual or organization, they cannot use expensive equipment to gain advantage over regular miners using regular computer equipment.
The Burst Project is a Team of Volunteers
Burst has a large number of individuals who have stepped up and donated time, skills, and money into the project. Below is a representation of those individuals, but far from including all of the people who have contributed.
 Graphic design for this ANN by BURST community member SKIPPER. Feel free to contact him if you are wanting work done.
BURST ADDRESS - BURST-2N7K-HBL7-JCUG-65U5U
Email Address - SkipperDesign19@gmail.com[/list] |
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Please make your posts on the current thread for BURST. The creator of BURST has long since abandoned this thread, and we do not have access to the account. Therefore, we can't close this thread. All information in the OP of this thread is sorely outdated.
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