Burst (BURST)
From CryptoWiki
| Consensus mechanism | Proof of Capacity |
|---|---|
| Total supply | 2,158,812,800 |
- Mineable, 4 min block time, Block reward starts at 10,000 / Block, Block Reward Decreases at 5% each month
- Currency
- Has smart contracts; via a technology called Automated Transactions. This allows e.g. decentralized trustless & commission free Crowdfunding and Lotteries and many other use cases.
- Uses Proof of Capacity; an advanced green algorithm to verify transactions. All you need is free space on your device to contribute to the network and mint your own coins. The algorithm favours smaller miners by design
- Founding can be traced back as a clone from NXT
