Naturally ASIC proof. Hardware requirements are minimal, inexpensive, and readily available in all parts of the world.
Released publicly with advance notice, without pre-mine, without airdrops, and without an ICO (Initial Coin Offering).
Provably secure cryptographic function selected due to its slower and heavier characteristics which make it well suited for pre-computation and storage.
1st cryptocurrency to implement Turing complete smart contracts (automated transactions).
The total number of coins that can ever be mined is capped at 2,158,812,800.
Burstcoin is a green cryptocurrency. Processing Burstcoin uses little power beyond that necessary for initial setup. Once setup is complete, processing and using Burstcoin will have no noticeable impact on computer usage or utility costs.
No special equipment is needed to transact using Burstcoin, to mine it, or to operate a public node. Regular inexpensive consumer grade equipment is all that is needed. Even a full node can be operated on something as lite as a Raspberry Pi.
The Burstcoin community is proud to stand in particular contrast to Bitcoin, and to all proof-of-work coins.
The Core Features . . .
Automated Transactions (Smart Contracts)
Create contracts that run exactly as programmed without any possibility of downtime, censorship, fraud, or third-party interference.
A peer-to-peer exchange is built into Burstcoin’s software which allows for decentralized trading, eliminating the trust points as well as third party trading fees. The asset exchange is based on the concept of “colored coins”
This feature provides each account with a decentralized “storefront” which is an ideal marketplace for selling goods that can be transferred digitally.
Burstcoin has an alias system that translates / associates alphanumeric texts. It can operate as a decentralized DNS (domain name system) and has many other real world uses cases made possible with access to its public blockchain.
This feature of Burstcoin allows for sending up to 1,000 bytes of data, encrypted or as plain text, through the decentralized Burstcoin blockchain. This architecture forms a basis on which to build decentralized applications, distributed file sharing, as well as higher level Burstcoin services.
Anyone can setup a crowdfunding campaign based on Burstcoin’s blockchain platform.
Protect your private key and Burst can protect your assets with 128 or more bits of entropy.
Payments and transfers are instant and anonymous over a powerful shared worldwide infrastructure.
Offline Transaction Signing
A Burstcoin account’s private key (passphrase) can be held offline and never exposed to the internet. This security feature allows individual transactions to be signed on a disconnected device and for the generated single use signature to be entered into a connected device for network broadcast and processing.
Internal Automated Escrow
An internal intermediary, neither sender or receiver, that governs fulfillment of contract terms.
Individual Burstcoins can be set aside and conserved, allowing parties to acknowledge them in various ways. They can be used to represent arbitrary digital tokens, stocks, bonds, smart property, etc. They can even represent real-world objects. Colored coins can be traded on the Burstcoin network and exchanged for whatever the colored coin represents.
Dynamic Transaction Fees
One to One and One to Many transactions can be made with a single minimal network transaction fee when network activity is low. The structure is based on the concept of slot based transaction fees. The minimum fee is just .00735.
The Community Resources
Exchanges currently trading Burstcoin
Burstcoin can be traded on the following exchanges paired with the listed currencies:
|Coinroom||USD, EUR, PLN, GBP|
|Indacoin||USD, EUR, RUB, (Visa & MasterCard)|
* Bittrex requires the target address to have a public key activated on the blockchain.
Exchanges that will list Burstcoin soon
The following exchanges have indicated that they will list Burstcoin soon:
General Information for Exchanges
- Name: Burst
- Ticker: BURST
- Number of decimals: 8
- Maximum supply: 2,158,812,800
- Algorithm: Proof-of-Capacity
- Release: no ICO, airdrop, or premine
- Developers: Burst Alliance
What makes Burstcoin unique?
Burstcoin is the first and only cryptocurrency to use the Proof-of-Capacity consensus algorithm whereby hashing functions securing the network are pre-computed, written to storage, and retrievable for reuse in the mining process indefinitely. Proof-of-Capacity is more energy efficient than Proof-of-Work and more fair and decentralized than Proof-of-Stake.
Burstcoin was created from an extensive modification of NXT’s code base (code fork). It has multiple core level functions that facilitate running additional infrastructure on top of its blockchain. Running publicly since its creation on August 14th, 2014, Burstcoin has weathered the turbulent cryptocurrency environment while being continually refined throughout its short eventful existence.
In addition to pioneering Proof-of-Capacity, Burstcoin was the first cryptocurrency to implement Turing complete smart contracts, and the first to run a program on top of a block chain. It also has the distinction of being the first to successfully perform an Atomic Cross-Chain Transaction (ACCT).
On December 27 of 2017, the future of Burstcoin was outlined in a white paper, The Burst Dymaxion, which describes the implementation of a tangle-based lightning network on top of the Burstcoin blockchain making Burstcoin infinitely scalable, energy efficient, and anonymous. It also describes the implementation of a PoC3 protocol that will allow the Burstcoin blockchain to take a custodial role in globally distributed redundant storage for large scale projects of public interest.
Burstcoin is fueled by its community in the most decentralized and organic fashion. Because of this, development is unaffected by market volatility. The Burstcoin community values flawless fundamentals over short term gains. This has provided a foundation for stability.
An understanding of cryptocurrency wallets can be initally hard to grasp. With a bit of time, the concepts become quite simple. If you already familiar with crypto currency wallets and are looking for the Burstcoin wallets, they are located in the software wallets and software section on the main top menu. But if you are new to cryptocurrency in general, it is recommended to gain a bit of understanding first.
The concepts are actually quite simple. First it is impotant to understand what a Burstcoin wallet is not, or what it does not do. Burstcoin wallets do not store Burstcoin. All Burstcoin resides on the Burstcoin blockchain, a digital decentralized shared public ledger. Transactions move Burstcoin from account to account (on the blockchain) as directed by the transacting accounts’ owners. The Burstcoin wallet is the software program that allows an account holder to interact with their accounts held on the Burstblockchain. If a wallet (software program) is loaded onto a computer and the computer is lost or distroyed, the Burstcoin in the owners account on the blockchain is not affected, it remains in the owners account. A new wallet can be installed and everything remains as it shoud be, provided that the account owner is still in posession of the account’s passphrase. Passphrase work in any wallet, new or old, local or online, or even in someone elses (although it would not be wise to share a wallet).
Far more important than the wallet is the account passphrase used to log into a the wallet. If this is forgotten, if the record of it is lost or distroyed, the coins associated with that passphrase will be irretreivably lost.
Burstcoin wallets are software programs used to interact with the Burstcoin blockchain. They read the blockchain data and display information that is relevant to account holders such as balance, transaction history, messages, products list for sale on the asset exchange, etc. It is a common misconception that Burstcoin wallets store Burstcoins. However, as with most other cryptocurrency wallets, they do not store coins. They are simply a program that reads and writes data to the blockchain. You may think of them as the Burst blockchain’s user interface.
Wallets are continually upgraded to incorporate useful new features and to make the incredible power of the Burstcoin blockchain more fully accessible.
There are several types of Burstcoin wallets. Over time the selection of types will increase as well as combinations and collections of desired features. Currently there are local wallets and online wallets.
Online wallets are centralized. That is to say that they are provided as a service by certain community members. As cryptocurrency is intended to be a trustless money system, this makes them less than the ideal, but convenient for certain situations. With an online wallet, you must enter your passphrase exposing it to the internet. There is also no way to verify that the operator has not made a record of your passphrase. Common use cases include receiving mining rewards from a pool operator before transferring them to a local wallet, or as a secondary wallet used to make small purchases. If you use an online wallet, it should be for a distinct account. Do not access your local wallet through an online wallet. This is possible, but strongly discouraged. Doing so reduces the security of your local wallet to that of an online wallet. An effective distinction between local and online wallets is in how you use the passphrase. A local wallet retains its higher level of security only if you do not enter the passphrase into an on line wallet. Local wallets should reside on computers that are secure from intrusion. For particularly large balances, the local wallet can be maintained on an air gapped computer so that the passphrase is never exposed to the internet. Burstcoin’s offline transaction signing makes this possible and more convenient ways to do this will be developed.
The choice of available wallets is governed by the operating system of the computer on which it is to be installed. By far the easiest is installation on Windows. There is an integrated installation package called Qbundle that will install the main Burstcoin wallet as well as related programs for plotting, mining, and other useful tools. Installation is easy as there is an installation wizard that guides you through the entire process. Installation for the Linux, Android, and MacOS are also available. However, Installation is more difficult as users may not be familiar with using the command line to enter the installation and configuration instructions.
For Windows, it is recommended that users install Qbundle even if they only need the basic wallet simply for the ease of installation. Having the other included programs is helpful in understanding the entire Burstcoin landscape more fully.
All of the wallets for Burstcoin are located in the Burstcoin software library on the “wallets” tab.
For infomation on new wallet development that is in progress, for example a new project to develop a cross platform wallet, see the development section above.
Burstcoin software, including wallets, is developed by talented programmers who are active in the Burstcoin community. As you may know from reading about Burstcoins history, the core blockchain technology is impressive. Building upon this core, there is potential for building applications that bring the impressive cababilities to real world business and and real consumer adoption. The dedication and skill that Burstcoin development attracts and retains is a testament to its core underlying value and uniqueness. Beyond Burstcoin wallets, software development continues with refinements to existing products and a at a fast pace of development for new software that will bring Burstcoin to the forefront of the cryptocurrency world. Indeed, those in the know, diversify their holdings to maintain coins from several consensus algorithms. Although Proof of Work coins are currently the darling of the Crypto currency world, the environment disaster that they represent is quickly becoming evident. With the inherant social undesirability of proof of stake coins, more advocates of Burstcoin’s proof-of-capacity are emmerging. The Burstcoin software developers have an investment oriented eye toward the future and are determined to make Burstcoin unrivaled in the Crypto space.
Burstcoin has no paid developers. All of its software is developed by volunteers. A look through the Burstcoin software libarary will leave you impressed with what can be accomplished by a passionate community who understands the value of Burstcoin.
Currently their is a collection of software for network obervers, pool operations, software for effecient plotting and mining, dApps, and various utilities, many with alternate version for various opperating systems.
Development contributions are appreciated. To get involved, see the development tab above.
For the definitive collection of Burstcoin Software, refer to the Burstcoin software library. The software collection is organized in tabbed folders.
In addition to active software development, the Burstcoin community provides a broad range of resources. From websites such as this one, to website developed for specific regions world wide. In many cases, the resources are based on Burstcoin software from the collection. However, some individual configure and host these services online for the benefit of the community.
This website maintains a curated selection of the most most up to date resources. Please feel free to submit a resource for publication here. The only request is that you keep the resource operational and up to date in all of its particulars. It is important to maintain information that is public facing and as Burstcoin is a rapidly developing cryptocurrency, the shelf life of information is often quite limited as the lastest greatest and best version is never far away. Maintaining a public facing resource requires regular updating. This website aims to be the definitive collection materials related to Burstcoin in its most up to date form. That being said, please feel free to submit new materials, critique the existing material, or point out typos and missing oxford commas.
The Burstcoin resources section covers informational sites (including internation languages), ways of connecting with the Burstcoin community, and functions as a directory of all resources that are not covered in other sections.
You will find the Burstcoin’s website resources in website resources of all places.
Burst Marketing Fund:
The Burst Marketing Fund (BMF) is a community group formed to address Burstcoin marketing. Members join by making a significant contribution to the fund, or by joining the group’s Burstcoin mining pool which donates 50% of mining proceeds to the fund. Membership is also by invitation to those who have made significant contributions to the Burstcoin community by way of development, public relations, or other activities that further Burstcoin adoption.
Marketing activities are funded only by a majority vote of the membership. Projects funded to date include:
- A minecraft plugin – an application that allows Burstcoin to function as an in-game currency.
- A monthly node operation award – provides incentive for public nodes meeting minimum up-time requirements.
- A bounty program to incentivize completion of certain tasks supporting software development.
The main discussion channel for this group is Burst Discord #Marketing and BMF
Trello board: https://trello.com/b/kNHBYAdZ/bmf-project-support
Join the BMFBurstPool: https://bmf50pool.burstcoin.ro/#
Follow the BMF on Twitter: https://twitter.com/burstflash
Burst Applications Team:
Burstcoin Documentation Project
The Burstcoin Documentation Project is a group of editors and translators that assemble, edit, and translate Burst related materials into many of the world’s languages. This website is a production of the Burstcoin Documentation Project.
Together, let’s build a strong and healthy BURST network
BMF Burst Donation Address:
Please see Organizations and Develoment Tools.
The future is what we make it
The Burstcoin roadmap helps us share what we have accomplished, what we are working on next, plans for the near-term, and the direction that we are taking this project. The roadmap is intended to be accessible and clear enough to help open a practical dialogue with the community.
These are the achieved tasks starting from August 2017.
- Improving structure and readability with a focus on simplicity and flexibility. Getting rid of old code from the NXT wallet.Paving the way for more advanced modifications.
Improving stability and reliability
- Improving the overall stability of wallets and nodes in order to maximize the security and reliability of the network.
- Better debugging and logging
Better development efficiency
- Adding new procedures such as Unit-Tests, improving the API and other advanced components.
Soft fork: Dynamic node capabilities
- Making the mempool size configurable to better adjust to the node capabilities.
Hard Fork: Dynamic block size and transaction fees
- Making transaction cost and block size dynamic values to be better able to cope with varying transactional load on the Burst blockchain.
- A minimally invasive way to achieve time-memory tradeoff resistance, while keeping the currently used plots functional.
Mobile Payment infrastructure
- Bringing Burst closer to the ‘real economy’ by enhancing mobile payments, a vital feature for merchants.
- Facilitating the installation and deployment of the Burst software and packages for the end user.
New tools and services
- Providing the current explorers and observers with new tools and infrastructure.
- Updating and improving the content, organization and aspect of the main Burst websites.
These tasks are currently being actively developed.
Incoming Multi-Out Support in Wallet
- Recipients of multi-out payments will soon have the ability to see those transactions in their wallet just like any other transaction.
Improved Smart Contracts
- Project Rosetta will simplify the process of creating Burst Smart Contracts. Future improvements will optimize the smart contract executions as well as reduction in cost per line of execution.
New Blockchain Explorer
- A new blockchain explorer is being developed which will be available in both a thin client and full node standard version.
Cross-Platform Desktop/Web Wallet
- A Cross-Platform Wallet UI “Phoenix” is being developed to support desktop (OSX, Windows, Linux), and web. This wallet will feature increased security and a refreshed look and feel.
Burst Application Management
- A Burst Application Manager “Easy2Burst” is being developed to streamline the installation of Burst core, tools and components; it will also simplify the blockchain download process and centralize Burst account management.
Distributed Burst Network Explore
- Designed to be ultra-scalable, “WatchDog” is a distributed explorer currently in development. It features distributed peer discovery, a querying API, notifications, and more.
New Pool Software
- New pool software is being developed and licensed under the GNU GPLv3, so everyone can run a pool without concerns over licensing if they wish to do so.
More exchange gateways
- Getting Burst listed on more exchanges and expanding the trading of Burst for fiat.
Development and Retail Adoption Bounty Programs
- To encourage adoption, the Burst Marketing Fund (BMF) has been organizing and already started rolling out various development and retail-related bounty programs.
- A bounty program has been started which rewards BURST for users who generate YouTube videos about Burst, its mining software, and tools.
- The Weekly Burst Report will continue to be published and produced under the flag of the Burst Alliance.
These tasks are near-term projects.
Wallet Auto-Updater and Multi-Signature Verification
- It is important that Burst nodes stay up to date, and that the process of software delivery be safeguarded against malicious actors or centralized authorities.
- An auto-update feature coupled with a multi-signature signing process helps ensure that Burst nodes remain up-to-date and secure.
Cross-Platform Mobile Wallet
- A Cross-Platform Wallet Application “Phoenix” is being developed to support mobile devices, including iOS and Android. This wallet will feature increased security and a refreshed look and feel.
- To coincide with the release of the “Phoenix” mobile wallet, the BMF will use social media ads and other methods to help drive users to the new mobile wallet.
- Redesign of the burst-coin.org website.
- Pushing community articles with paid advertising to reach a larger target audience.
More Bounty Programs
- To further encourage adoption, the Burst Marketing Fund (BMF) will open new bounty programs and conduct hackathons.
These projects are identified a long-term.
- Taking over a custodian role in globally distributed redundant storage by allowing to store important information in plot files.
Wallet implementation in other languages
- Creating new wallet software written in languages other than Java, allowing better flexibility for the end user and potential performance gains.
Large-scale promotional campaigns
- Creating/Increasing brand recognition via social media to help promote the introduction of the PoC3 Protocol.
Disclaimer: This roadmap is likely to be subject to future revisions and modifications. It does not represent a promise of development of any sort, but rather an indication of the direction taken by the development team at a given time.