1 Level
154 Review
169 Karma
Review on Burst by Mr Benji
Old school crypto driven by community
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Burstcoin is the first currency that uses hard disk memory for calculations. It makes the currency very attractive for mining because it is much more energy-efficient and effective than the calculation made with the use of classic excavators. Blockchain Burst is based on peer-to-peer technology modeled on the Nxt currency chain.
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Burstcoin is extracted using the Proof-of-Capacity algorithm that uses disk space to extract new coins. The disk space must initially be filled with the generated data needed for mining. This data is called the plot. Then they are converted and converted for the time of converting the block. Miner or pool which calculations take the least time to solve the block and is rewarded with coins from mining and charges for the routes in a given block. The speed of calculation depends on the size of disk space allocated for so-called plots and can be compared to the computing power of Bitcoin excavators.
Energy efficiency and efficiency are very important features of Burstcoin. mining. consumes machine resources only when a new block appears, in between the blocks the only resource used is the busy disk space, which makes Burstcoin much more energy-efficient to extract than other currencies based on Proof-of-Work algorithms. Also, the carriers themselves charge small amounts of electricity and are much cheaper than ASIC cards and excavators.
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Pros
- Old shcool
- Open sourced driven by community
- Proof-of-Capacity
Cons
- None
