RE: Eco-Friendly Digital Coin
Hi @digitalplayer - thanks for following
Burst Coin is very very innovative and one of my favourites !!
it's pretty hard to find a digital currency with such a low impact on environment and such a great intrinsic value value for commerce and e-commerce.
Probably you know Ethereum - probably you hear about Smart Contracts - Burst is actually the first coin with Smart Contracts and Automatic Payments...
Burstcoin will probably be one of the next coins to be recognized and used
It's also one of the cheapest - because of it's low consumption of electricity
In my view it's one of the most under valuated coins
You can currently get 1000 burst with 16$ !!
I am not going to tell you that the price is going to skyrocket soon and be 200$ - you can look at it yourself and understand
Let me know if do you have any particular question about it
Hope I covered with this comment what you want to know
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/