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RE: Eco-Friendly Digital Coin
why is Burst more efficient than BITCOIN
it's a lot of time I look for eco-friendly currency but it's pretty hard to believe the efficiency is so high... honestly I am a bit skeptical... how did Burst manage to have a system that is 1000x times more efficient than BITCOIN
and why such a coin is not popular...
it's not 1000 more efficient - but 100x yes !! you probably enter a zero more!!
anyway - it's possible thanks to a new different "blockchain engine"
you see - BITCOIN works with Proof of Work - BURST with Proof of Capacity
BITCOIN uses electricity to do calculations every-time for every block
BURST uses electricity to do calculations once - store the relative files on huge hard disks network - and then uses these files when needed...
from a high level point of view -
BITCOIN throws away a lot of good stuff
BURST keeps the processed information on hard disk and make use of it when needed
You might wonder - why didn't BITCOIN inventors did the same..
The answer is simple.... a system like BURST network take longer to develop.
There's more... people is saying that BURST is invented by the same team that created BITCOIN .. and it's actually the eco-friendly version of BITCOIN
Apart of this mystery about the inventor of BURST ... everything else is just perfect - fast transactions - mobile wallet - smart contracts and growing community.
I actually think Steemit and Burstcoin are already working on some kind of partnership
I hope I have covered your questions
Best
yes - definitely
I am actually a programmer... in the meantime I had a look to the source code code of the application... it's simply genial and better than any other code base I ever seen!! Bitcoin is a toy compared to this!!
Thank you for introducing this to Steemit Community
The world need projects like BURST around!!
pleasure !!
so you are already in there looking at code-base!! can you tell community more about your discovery
BURST community will really appreciate your witness
the market cap is really low - and we just started to promote the coin !!
I am one of the evangelists...
Sure I will - as soon as possible
What I can tell now it's that it looks like an evolved version of BITCOIN...
I can understand now why people think BURST is developed by BITCOIN guys
I am so sorry I didn't discovered the coin before!!
it's not too late - the market cap it's still small - you can buy 100 000 coins with just 1600$ !!
what's the market cap size
you can find BURST coin network information on https://coinmarketcap.com/currencies/burst/
mind blowing !! 24H gain - +30% !!!!