Review on Burst by Pedro O. Alvino M.
Pioneering project in the capacity test algorithm.
Project developed in 2014, is mainly based on an ecosystem designed for both traders and miners, so that the project is one of the pioneers in implementing the capacity test, thus granting more flexibility and cost savings to miners, and the Once an environment where smart contracts can be executed for the different payment systems for merchants.
The project with its own blockchain, where block confirmations are estimated every 4 minutes, in addition to having the ability to implement smart contracts through BlockTalk, where the BURST delivery on the network is also executed through of automated smart contracts.
The project services are based mainly on payment environments and secondary services such as data exchanges and Crowdfunding program, where a large part of these systems do not have a great demand given the estimated time that the project has in the market, That despite being a pioneer in implementing a capacity test consensus algorithm, however the lack of future project development has had some impact on the token economy and the project's projection.
Pros
- Offers various models and payment systems without intermediaries.
- It allows the exchange of encrypted data through its own chain of blocks.
- It has an optimized and environmentally friendly consensus algorithm.
- It has its own framework for the creation and implementation of smart contracts in its different payment systems.
- Allows the user to develop their own fundraising project and campaign.
- Contains a rewards program in BURST based on project marketing.
Cons
- Very little community despite the functions and features it offers.
- The availability of the BURST coin is very scarce.
