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Author Topic: Announcing the PoC Consortium Stage 2: The Burst Dymaxion  (Read 1234 times)
rico666
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December 27, 2017, 11:01:23 AM
 #1

Only 138 days ago, we announced the PoC Consortium Stage 1: BURST
In this we said

"We came to lead BURST to its rightful place among other
cryptocurrencies"

Today, we can speak openly about where we think that place is.

We started the process by which BURST will inherit the best traits and
technologies of the most promising cryptocurrencies. The combination
of these technologies will result in significant synergistic
gains - the whole being more than the sum of its parts.



The Burst Dymaxion is an arbitrary scalable, energy efficient and
anonymous transaction network based on colored tangles.
It consists of Dymaxion layers - basically tangle-based lightning
networks - that are above the Burst blockchain which is used for
bookkeeping the opening and closing of these layers.

Read the white paper here: http://package.cryptoguru.org/asset/The-Burst-Dymaxion-1.00.pdf

We therefore present nothing short of an energy-efficient
cryptocurrency that is able to sustain the total global load of
non-cash transactions.

We chose to implement the Dymaxion on the Burstcoin network for
several reasons. First and foremost, we believe that its
Proof-of-Capacity (PoC) consensus algorithm is currently the best
answer to the energy consumption problems of Proof-of-Work and to the
centralization and fairness issues of Proof-of-Stake. Burst also
implements data scrubbing to reduce blockchain bloat. Moreover, Burst
has smart contracts and is able to make Atomic Cross-Chain
Transactions. The coin has more than three years of heritage and a
community to bootstrap with, yet it is small enough to allow for
significant improvements without a long and paralyzing scaling debate.

In the past months, we worked hard to prepare the Burst wallet for
this herculean task. We were given the baton of responsibility for
core wallet development by the former development group, burst-team.

We are honored by this sign of trust and invite everyone to join the
Burst community on its way to the very top. Because for an
energy-efficient cryptocurrency with truly global scalability, there
is no other place to be.


The PoC Consortium (aka PoCC)

all non self-referential signatures except mine are lame ... oh wait ...   ·  LBC Thread (News)  ·  BURST Activities
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December 27, 2017, 11:53:04 AM
 #2

This looks huge, I hope all the plans get implemented soon and BURST gets really popular as it should.
d1337r
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December 27, 2017, 12:24:45 PM
 #3

"The claim is to provide a cryptocurrency capable of sustaining the total global load of non-cash transactions"

Wow, this is a great announcement.
I think the implementation of PoC2, later PoC3, Dymaxion, and all the proposals and CIPs will push Burst to one of the top crypto ranks.

"
The Burst Dymaxion is not only the most significant update to
the Burst cryptocurrency, it is the biggest technological update
any cryptocurrency has ever received.
"

Fully agree on that!
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December 27, 2017, 12:38:09 PM
 #4

Way to go guys!!.. This is huge... Keep up the good work...
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December 27, 2017, 01:08:35 PM
 #5

At the moment, one of the dynamically developing coins. In time, unfortunately did not consider. I did not like the name of the coin. But in vain. Not all gold that glitters.

HALLASTERA
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December 27, 2017, 02:22:54 PM
 #6

I have read your useful dymaxion paper, that sounds good.
lubing7683
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December 27, 2017, 05:40:49 PM
 #7

It sounds interesting. can you provide social media for us to keep up with each of your updates? good luck with project development.
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December 27, 2017, 07:49:14 PM
 #8

https://twitter.com/poc_consortium
https://twitter.com/burstcoin_dev
Kita Hideyoshi
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December 27, 2017, 08:31:10 PM
 #9

Huge announcement. So excited about the future of Burst. This is going to be huge when the average crypto investor learn about it.

Great job dev's. Keep working hard to reach the top!

I have a pretty wide portfolio but Burst is my favorite project. Dymaxion went above my expectations.

Thanks and good luck.
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December 27, 2017, 08:52:45 PM
 #10

This coin took a worthy place among other coins. Unfortunately, has risen in price. I earned a little on it and sold it too soon.

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bagsandbagsholder
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December 27, 2017, 11:30:44 PM
 #11

The reaction of the market is mind boggling. Still outside top 100 in Coinmarketcap, despite a massive vision and apparently means to implement it as well. Sure, it'll take some time, but considering the market... the valuation should easily be 5x. Choosing to hodl.
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December 28, 2017, 12:25:08 AM
 #12

Thanks and good luck.

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December 28, 2017, 12:25:19 AM
 #13

Those who are currently mining burst will have to replot hdds?

People who live in glass houses shouldn't throw stones.
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December 28, 2017, 01:48:02 AM
 #14

Thanks for that statement. I was starting to think that the paper was a joke when I read the "total asshole" institute was in there lol.

I understand that you were trying to make it look ironic but there are many followers on /r/burstcoin who did not take the joke lightly. They are making a big deal of how it makes Burst look bad.

With that said, I think its good. The whitepaper means nothing but hopefully the work done on the code will be great.
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December 28, 2017, 07:36:11 AM
 #15

Those who are currently mining burst will have to replot hdds?
good question  Huh

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December 28, 2017, 01:36:43 PM
 #16

Those who are currently mining burst will have to replot hdds?
good question  Huh

maybe someone can tell us. if everything should be replotted, well, we are kind of fuckd...

People who live in glass houses shouldn't throw stones.
rico666
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December 28, 2017, 02:20:37 PM
 #17

Those who are currently mining burst will have to replot hdds?
good question  Huh

maybe someone can tell us. if everything should be replotted, well, we are kind of fuckd...

Just read. The info is there.

Everyone who is unable or unwilling to read information already present, will not get his individual special treatment by the PoCC.

We have more important things to do. Like e.g. integrating (not implementing) the whole thing.


all non self-referential signatures except mine are lame ... oh wait ...   ·  LBC Thread (News)  ·  BURST Activities
Digital86
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December 28, 2017, 03:17:26 PM
 #18

Those who are currently mining burst will have to replot hdds?
good question  Huh

maybe someone can tell us. if everything should be replotted, well, we are kind of fuckd...

It's in the white paper Page 18

http://package.cryptoguru.org/asset/The-Burst-Dymaxion-1.00.pdf


"Software used for the mining process can operate on both
PoC1 as well as PoC2 format, where PoC1 requires twice the
reads compared to PoC2 and works on both optimized as well
as unoptimized PoC1 plots.
For better PoC2 performance a PoC1 → PoC2 converter
will be offered."




Bombardier
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December 28, 2017, 04:07:40 PM
 #19

Those who are currently mining burst will have to replot hdds?
good question  Huh

maybe someone can tell us. if everything should be replotted, well, we are kind of fuckd...

Just read. The info is there.

Everyone who is unable or unwilling to read information already present, will not get his individual special treatment by the PoCC.

We have more important things to do. Like e.g. integrating (not implementing) the whole thing.



thanks for your time stronzo.
have a nice day!

People who live in glass houses shouldn't throw stones.
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December 29, 2017, 07:46:39 PM
 #20

Only 138 days ago, we announced the PoC Consortium Stage 1: BURST
In this we said

"We came to lead BURST to its rightful place among other
cryptocurrencies"

Today, we can speak openly about where we think that place is.

We started the process by which BURST will inherit the best traits and
technologies of the most promising cryptocurrencies. The combination
of these technologies will result in significant synergistic
gains - the whole being more than the sum of its parts.



The Burst Dymaxion is an arbitrary scalable, energy efficient and
anonymous transaction network based on colored tangles.
It consists of Dymaxion layers - basically tangle-based lightning
networks - that are above the Burst blockchain which is used for
bookkeeping the opening and closing of these layers.

Read the white paper here: http://package.cryptoguru.org/asset/The-Burst-Dymaxion-1.00.pdf

We therefore present nothing short of an energy-efficient
cryptocurrency that is able to sustain the total global load of
non-cash transactions.

We chose to implement the Dymaxion on the Burstcoin network for
several reasons. First and foremost, we believe that its
Proof-of-Capacity (PoC) consensus algorithm is currently the best
answer to the energy consumption problems of Proof-of-Work and to the
centralization and fairness issues of Proof-of-Stake. Burst also
implements data scrubbing to reduce blockchain bloat. Moreover, Burst
has smart contracts and is able to make Atomic Cross-Chain
Transactions. The coin has more than three years of heritage and a
community to bootstrap with, yet it is small enough to allow for
significant improvements without a long and paralyzing scaling debate.

In the past months, we worked hard to prepare the Burst wallet for
this herculean task. We were given the baton of responsibility for
core wallet development by the former development group, burst-team.

We are honored by this sign of trust and invite everyone to join the
Burst community on its way to the very top. Because for an
energy-efficient cryptocurrency with truly global scalability, there
is no other place to be.


The PoC Consortium (aka PoCC)

Rico666 if you would be more tranquil against agressive questions then community will be strong i think. Anyway if you will work hard and community which exists will be grow. Do you think to find PR-manager or something like human who will be keep contact with community?
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