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Currently, the cryptocurrency space is flooded with CopyCat coins and initial tokens of coin offerings (ICOs), most of which are constantly moving downwards on CoinMarketCap as the 2018 bear market continues. This bear market is eliminating cryptocurrencies that have little long-term potential and cryptocurrencies that have strong communities and unique technology are climbing to the top. Burstcoin (BURST) it is such a cryptocurrency that it is rising on top, like the cream in a glass of fresh milk. This is because the Burstcoin community is full of irreducible Cypherpunks, and BURST is the king of the Capacity Test.
In mid-October 2018, BURST was in 248 on CoinMarketCap, which was before the "nuclear" bear market came into force, where the level of support was broken due to the Bitcoin Cash fork, Bakkt which delayed the launch of physical futures Bitcoin, and the Securities and Exchange Commission (SEC) which launches its first civil sanctions against ICOs. BURST has decreased in price like any other cryptocurrency, but is increasing compared to other cryptocurrencies and from 3 December 2018 sits at # 199 on CoinMarketCap with a market capitalization of $ 13.5 million.
This increase in the price of BURST compared to other cryptocurrencies is due to the unique Burstcoin technology. Burstcoin is the king of Proof of Capacity, a mining algorithm that uses the hard disk, against raw computing power like with Proof of Work, and is much more energy efficient than Proof of Work. Capacity testing works by writing cryptographic hashes to an assigned segment of a hard drive called a frame. This graph is then read during the extraction to find the correct cryptographic hash, and anyone who finds the fastest cryptographic hash gets the reward of the block. More hard drive space is equivalent to more cryptographic hashes available, making it easier to find an answer and earn the BURST block prize.
Currently, 1 TB generates 1-2 BURST a day, and even if this is equivalent to about one cent, it's all profit since the plot file reading requires a negligible amount of energy, and the BURST miners can use their computer for other activities without impediment. Compare this with Proof of Work, which slows down personal computers and costs more electricity than the cryptocurrency it extracts. BURST is one of the only cryptocurrencies that can be exploited profitably on personal computers.
Also, unlike Proof of Work where specialized mining equipment such as application-specific integrated circuits (ASICs) is required, anyone with a computer or even a cell phone can extract BURST and, if they decide to stop BURST extraction can simply delete their plot file and use hard disk space for other things. This is different from ASICs, which can not be used for purposes other than mining, so if someone decides to stop mining, he loses all the money invested in the ASIC.
The ease of extraction and the consumption of negligible energy led to the formation of a strong BURST mining community, with over 200,000 TBs protecting the BURST network. This is equivalent to hundreds of thousands of personal computers. The large mining community provides the BURST value, and some of these miners are blockchain developers, and they have created a complete suite of technology based on the Burstcoin blockchain.
CloudBurst immutably stores files directly on the Burstcoin blockchain, for a small fee of 1 time. The real storage blockchain is a rarity in the world of cryptocurrencies. The file will be archived as long as the Burstcoin blockchain exists, which is the foreseeable future and in addition to considering the expansive BURST mining community. Cloudburst would be useful if you lost your computer and all your backups in a natural disaster like a hurricane, and is a safer solution than cloud storage like Google. In addition, the Burstcoin portfolio can be used to easily emit cryptocurrencies based on the Burstcoin blockchain, and there is a decentralized exchange integrated into the portfolio to exchange these cryptographic resources.
The scalability of cryptocurrency is also a problem for the major cryptocurrencies like Bitcoin and Ethereum, but Burstcoin has addressed and solved this problem with the launch of the Dymaxion. The scalability of Dymaxion is so powerful that it can handle all non-cash transactions in the world. This is done through the use of tangle-based lightning nets over the Burstcoin blockchain. The transactions carried out through Dymaxion are instantaneous, without cost and practically without waste of energy. The Dymaxion gives Burstcoin the room to grow as much as necessary.
When people look for cryptocurrencies that will survive in the long run, it can be confusing because of More than 2000 cryptocurrencies listed on CoinMarketCap. However, it is clear that cryptocurrencies with truly unique and useful technology, as well as strong communities, will always be around and gain long-term value over all ICOs and copies. Bitcoin is the king of SHA-256, Litecoin is the king of Scrypt, Ethereum is the king of the dApp based on blockchain, Dogecoin is the king of the shibes on Reddit, Dash is the king of X11, Monero is the king of private coins, IOTA is the king of Directed Acyclic Graphs (DAGs), and Burstcoin is the King of Capacity Testing. These kings of cryptocurrency will surely be the winners and the survivors when the relapse of the ICO apocalypse is over.
This is for educational purposes only and is not an investment advice. We are not paid by BURST to write this article.
