Burstcoin is a mineable coin that claims to be the first to implement the environmentally-friendly Proof of Capacity protocol in 2014, which allows miners to use storage space for mining. With a block time of 4 minutes and support for multi-out and multi-out same transactions, the maximum transaction throughput of the Burst blockchain is around 80tps.
Burst also claims to be the first blockchain to implement Turing-complete smart contracts, which come with BlockTalk, a Java compiler. Smart contracts on the Burst blockchain can be used, among others, to deploy on-chain games, create non-fungible tokens
The Burst platform also offers the issuance and trading of assets, a built-in marketplace, an alias system for easier transactions, and encrypted on-chain messaging. The project’s development is driven by volunteers (Burst Application Team – BAT) and is complemented by community members pushing retail adoption and marketing (Burst marketing Fund – BMF). The dApp ecosystem of Burst includes CloudBurst – a dApp which stores arbitrary data on the chain.
How do I buy cryptocurrency?
While some cryptocurrencies, including bitcoin, are available for purchase with U.S. dollars, others require that you pay with bitcoin or another cryptocurrency.
To buy cryptocurrencies, you’ll need a “wallet,” an online app that can hold your currency. Generally, you create an account on an exchange, and then you can transfer real money to buy cryptocurrencies such as bitcoin or ethereum.
Coinbase is one popular cryptocurrency trading exchange where you can create both a wallet and buy and sell bitcoin and other cryptocurrencies.