Burstcoin virtual currency is a digital currency that is open source code. This cryptocurrency was created in the 2014th year. As its basis the code of NXT. However, this virtual currency is different from Nextcoin.
Except that BURST is a virtual currency, it also acts as a payment system. Through the use of Blockchain technology, any user can send a private token BURST in any country in a relatively short period of time. The size of the Commission fee is minimal.
Distinctive features of Burstcoin
Burstcoin is considered one of the branches of digital currency NXT, but has a few differences from her. The most significant of these is a method of generating a new token. In the Nextcoin network for the production of coins used method of PoS, while in Burstcoin PoC method is applied. When you create a new token latest way the algorithm utilizes the available disk free space. This principle is the only in the cryptocurrency market, so it attracted many miners virtual currency for mining cryptocurrency Burstcoin. Also due to this network Burstcoin has maximum decentralization.
An equally important advantage of this method of the production of virtual currency is the low level of electricity consumption, which equates to energy consumption of standard office personal computer.
Prospects for the development of Burstcoin
Today the cryptocurrency is in a state of uncertainty. Primarily, this is due to the fact that the price of tokens recently BURST was significantly higher. However, a simple algorithm for their extraction and a minimum level of energy consumption makes it very attractive to most miners. The probability of increasing the value of coins BURST before the 1st of the dollar is very high.
The purchase of coins BURST
Today virtual currency Burstcoin sold on such trading venues as Livecoin and Bittrex. The average price for 1 coin, as of March 13, 2018, is 0.03 USD. You can buy coins solely for tokens BTC.
Storing of cryptocurrency is performed using a special purse that can be downloaded by visiting the official website burst-coin.org. Here are two kinds of wallets online purse and wallet for PC. Access to the first can be obtained through the Internet browser. To use the second you will need to download and install special software. Wallet for PC can be installed on Windows operating systems, iOS and Linux.
Today coins BURST not enjoy a high popularity among captainvalor. This is most likely related to the low level of capitalization, which is only $ 50 million. However, thanks to the technology of production of PoC, this figure may soon increase.