Burst is a “green mining” platform and network for the energy efficient minting of cryptocurrency. The Burst “green” algorithm allows users to mine and mint coins using only their hard-drive in the Proof-of-Capacity consensus. This consensus doesn’t use a node’s graphics card or CPU as in the Proof-of-Work consensus, but instead creates “plots” on the node’s hard-drive. Because the algorithm favors smaller miners by design, the mining is decentralized and better distributed than most blockchains. The Burst blockchain supports smart contracts through its Automated Transactions feature which allow developers to create crowdfunding projects, lotteries, and more on the network in a trustless and commission-free way.
Burst (BURST) is the digital asset of the Burst network that can be sent peer-to-peer and mined through the Proof-of-Capacity consensus.