Burst is built with the blockchain technology, meaning that transactions are secured by military-grade cryptography. Burst is ruled by its network of users and cannot be altered by governments. Thanks to the unique Proof-of-Capacity consensus algorithm, miners are paid in burstcoins to secure the network.
At the beginning of January 2018, Burst team has published its Roadmap for 2018, unveiling the future development plans. The adoption of 2.0.0 version of wallet is going to determine the date of deployment of the upcoming forks.
Once the network shows its support for hard forks, they will be occur according to a certain block height:
- First hard fork: Includes dynamic block size and transaction fees, the PoC2 protocol and some of the Dymaxion code, but inactive. The fork is planned to happen around block 470 000, which will be created approximately in the middle of March
- Second hard fork: Implementation and activation of the remaining Dymaxion code. Users should be able to play with it on the TestNet before that
- Third hard fork: Implementation of the PoC3 protocol
At the moment of press, these are main market parameters of BURST:
Average price: $0,033750
Market cap: $60 761 649
24h volume: $951 026