Why Burst over other Alt-Coins
Burst Coin the first green eco-friendly coin is being mined by hard drive plots as a PoC (Proof-of-capacity) verse a traditional PoW (Proof-of-Work). While often the the benefit of being green, easy to setup and easy to mine often brings in new users its the advanced features of the coins that often keep people asking for more. I'm going to present three great features of the Burst Coin. You may already know them you may not. I hope to educate you enough to pursue the forums where you can dig deeper and find out about more wonderful benefits.
- The Asset Exchange. Commonly called the AE individuals or groups construct projects with a purpose. Projects are typically laid out to the community with a full plan from inception, to payouts and potentially what happens "if...." type statements. Assets can have the benefit of paying both dividends and becoming more valuable themselves as the projects flourish. Here's one example of a fantastic project.
- WorldMine (Asset ID: 11783342878931880450)
This asset is culmination of a large GPU farm and BURST mining, which will start a relationship with a new partner. crowetic will be managing this asset in terms of the asset account, and payouts, and there will be a statistics page posted when finished. Asset info here - https://forums.burst-team.us/topic/3190/new-asset-worldmine-weekly-payouts-crowetic-managed-new-burst-partnership-forming
This asset currently is trading between 78 and 84 Burst each and is paying dividends on a weekly basis. This is one example of the many Burst Assets in existence.
The "Smart-Contract". Burst was the first coin to have a smart contract system in place that is tied to the block chain. Other coins now have this feature such as Etherum. Smart contracts can be used to enforce execution of a contract. For example if an individual says they will pay on a certain date a certain number of coins a smart contract can be created to enforce the payment. We have only begun to realize what smart contracts can be used for and we will see exciting new uses in 2017.
Cross-Chain possibilities. Traditionally if you wanted to switch out a coin for a different coin you would been to utilize and exchange such as https://poloniex.com/ who in turn takes a small percentage of the buy and sell side of every transaction. With cross chain coin trading there is no exchange, your buy or sell request is published directly to the block chain all it takes is another individual to agree to the terms and then a trade is completed. Early implementation will utilize Burst and Qora as they are very closely related on the technology side. What is is exciting the is that Bitcoin is being actively pursued by the CYIAM group and the signs are positive.
I hope my three facts about Burst Coin inspire you to learn more about it, get involved and invest wisely.
I am providing two URLs that are full of additional reading information for your pleasure.
https://forums.burst-team.us/
https://www.burstnation.com/
-IceBurst