Hello Steemians,

Hope you are doing well. I am here again with the details of one more potential cryptocurrency named Burst. One of my favorite hodl coin in my portfolio. Current price of burst is $0.0143/225 Satoshi and ranked at 217 in coin market cap. It has total market cap of $28,143,134 with a volume of $68,620 is multiple exchanges. 2,158,812,800 burst will be ever created.

All the above figures are as on 30 June 2018.

Burst is decentralized platform designed to allow people, institutions and firms to make the transactions as per their own rules. No third party, no transaction fees and trust. Basically it connects people and institutions with decentralized network. Burst coin was first introduced in Aug 2014 without any ICO or premine. Hard drives which mine burst coin are very cheap and easily accessible. Hard drives consume very less power as compared to bitcoin hard drives to mine the blocks. Transactions done on burst network are free of cost and instant. Burst team claim that, burst network can do infinity transactions per second instantly.

Burst team believe that they are not only cryptocurrency platoforms which run on the blockchain but they consider that they are a revolution to perceive the economy. Burst is backed by smart contracts, tokens and digital assets. Burst is the first ever cryptocurrency to use the proof of concept algorithm to mine the coins efficiently. Burst uses unused HDD space to mine the coin instead of CPUs and GPUs. As the hard drives are easily available at very low cost than CPU and GPU, anyone can mine the burst coin on their own using proof of concept algorithm.

Let us talk about some numbers now. As I said in the above para that hard drives that are mining burst consume less energy and power than that of CPU/GPU/ASIC consuming to mine bitcoins. In one bitcoin transaction 1000 kWh electricity is consumed where in burst network, energy consumption is 0.0024 kWh per transaction. Isn't it a good thing?

Sources:

1. Coin Market Cap
2. https://www.burst-coin.org/

Hope you like this article about Burst coin. Please do follow, upvote and comment down below if have any questions. I will try my best to answer.

Best Regards.