Burst was officially introduced on the 10th of August 2014 with the goal of solving other cryptocurrencies’ biggest problems : lack of decentralization, waste of energy, unfair releases, supremacy of big miners and corporations. It is the first and only cryptocurrency secured by the Proof-of-Capacity algorithm.
The critical difference between Proof of Work and Burst’s Proof of Capacity is that instead of needing ever more expensive, power hungry processors and graphic cards, it uses inexpensive, low-power hard drives. Proof of Capacity is inherently more secure, and trimmed versions of the blockchain are easier and more secure as well.
The other biggest advantage that Proof of Capacity has going for it is its mining, working like a built-in coin faucet in the form of hard drives that allow anyone to earn free coins in exchange for providing extra security for the network.
Burst price usd candlestick chart.
[currencygraph currency1=burst currency2="usd"]Burst price btc candlestick chart.
[currencygraph currency1=burst currency2="btc"]Here is the current Burst price. You can check anytime how much exactly 1 BURST is worth in many currencies: USD, EUR, BTC, GBP, JPY, etc. Refresh the page to check the price again.