Announcing the PoC Consortium. Stage 1: BURST
On August, 10th 2014 a NXT-based cryptocurrency by the name BURST was
introduced to the general public by the original developer who is
known under the alias "Burstcoin". His or their real identity is still
unknown today. The coin was launched without an ICO or premine.
The genesis block was published on August, 11th 2014.
So today, three years ago, BURST started as a very promising coin
which (looking at the technical aspect) had everything you could
desire from a cryptocurrency at that time:
* NXT basis: Not a simple Bitcoin clone, but a completely new
implementation including market, escrow, assets, crowdfunding and
smart contracts. Often referred to as Bitcoin 2.0
* PoC (Proof-of-Capacity): Contrary to the oligarchic Proof-of-Stake
(PoS) of NXT, BURST offers a unique way of ensuring the
cryptographic consistency of the transactions in its blockchain by
allocating a non-trivial amount of disk space. This approach makes
BURST much more energy efficient than Proof-of-Work (PoW) of many
other cryptocurrencies.
This made BURST at the time of its introduction one of the technically
most advanced coins.
Three years have passed since then. One year after announcing and
presenting BURST, the anonymous creator left the stage, so further
development depended on whomever might pick up the baton.
Unfortunately, BURST evolution since then was tepid at best. In
retrospect and when evaluating where BURST stands today, it has been
given neither the development capacity nor the competence that is
necessary for such a promising coin. Even worse, what BURST was
lacking on the development front seems to have been overcompensated on
the drama front.
We are not interested in drama. We do not care who started it and why.
Most certainly we will not participate. We are forward-looking and
everyone competent, rational and willing to cooperate with us is
welcome and will be met with a benevolent attitude. Other than that,
there is no one in the BURST community or elsewhere who could threaten
or fatally annoy us or "make us go away" by any other means.
Nuff said.
THEREFORE
We - the PoC Consortium - are a group of highly skilled and well
funded individuals. Investors, executives, entrepreneurs, developers,
admins, designers and college students. We came to lead BURST to its
rightful place among other cryptocurrencies and we believe that place
is nowhere else than upwards of where BURST is today and upwards of
where it will be tomorrow.
We believe, BURST should - for starters - be able to reach the same
significance as NXT has today. Given the BURST heritage and its unique
PoC atribute makes this a realistic assumption.
We are aware of many other existing cryptocurrencies including
intimate details about their architecture, community and thus
perspective. We are equally aware of the hitherto wretched state of
the BURST cryptocurrency. In its first 3 years of existence BURST has
fallen behind NXT in many aspects, mostly because of said lack of
development. We will change this and we will change it fast, because
even NXT has not the development capacities we are bringing to the
table right now.
Neither do we expect nor require payment from the BURST community for
our development efforts. We will not set up or take from a "Developer
Fund" as has been discussed in the community here and there. We are
highly-paid professionals and we are not here for peanuts.
Instead, we have bought BURST. Millions of them and we will continue
doing so. We may cash out small packages when the BURST price will hit
the corridor between 1000 and 2500 Satoshi/Burst in the following
months, but we are in it for the long game. We have to tell you this,
because if we didn't, some of our engagement could be legally
construed as insider trading. If you think this is just some sort of
pump&dump scheme, you are terribly, terribly mistaken.
We have done already some small development efforts to get BURST back
on track. Following the spam attack on BURST, we provided an
"Enterprise" BURST wallet 1.3.0cg, which was based on the official
1.2.9, but has a mariaDB/MySQL backend instead of the flimsy H2
database used in BURST so far.
You can get it here:
https://github.com/ac0v/burstcoinWe continue with our wallet development efforts forcefully.
We are hosting a BURST mining pool at
https://burst.cryptoguru.org/with 0% fee, superior performance and availability. We operate miners
for experimental purposes with a small capacity of 200TB.
We are hosting a geographically distributed cluster of wallets on
various machines, all of which have superior connectivity. Our main
public wallet (running 1.3.2cg as of now) is
https://wallet.burst.cryptoguru.org:8125/index.html This is BTW the
"well known peer" 92.43.104.34 that single-handedly (at 14% capacity
usage during the peak) took a 1TB/day network load during the spam
attacks. Our provided wallet capacities are meanwhile a multiple of
that. These wallets are also constantly connected to 200-300 peers via
GBit uplink. We thus do believe to have set up a very resilient
"Core-Backbone" of the BURST network infrastructure.
Together with the BURST community we are happy to see that these
efforts and the resulting stabilization allowed players like Poloniex
to resume BURST trading in full again.
Furthermore, we are proud to present our own BURST block explorer
https://explore.burst.cryptoguru.org/ and you are welcome to give
it a try. It has been written from scratch and although still WIP,
we believe you will appreciate it's performance and availability.
We are especially pleased to announce the in-development status of
our mobile wallet for BURST (Android and iOS) which we believe will
enable and catalyze new oportunities for the BURST cryptocurrency.
Our benchmark is the BTC wallet Mycelium
https://wallet.mycelium.com/All this is only the tip of the iceberg what's happening right
now. More BURST-related projects are in the pipeline and to be
revealed soon. Listing all these projects would burst (pun intended)
the scope of this writing, so we will communicate the details of the
projects as we go.
Now it is quite important that you do understand this announcement as
what it is and what it is not. It's certainly not some sort of
one-time event or snapshot. We are announcing the beginning of a
process. Do we believe in the future of this PoC cryptocurrency? No!
We do not need to believe, because we know. We do not have to hope
and to wait for the future to happen. Yes, we are confident: we will
make its future.
For the PoC Consortium
rico666
ac0v
bold
cgebe
Antigo
mrmmm
valy
and others
