Many of you should be familiarized with Proof of Work or PoW for short. It’s a protocol behind most of the biggest cryptocurrencies in circulation.

Today, I’m here to present you with Burstcoin and their goal.

Burstcoin calls itself the green crypto, or the “cryptocurrency 2.0”. While most of the other crypto coins use Proof of Work as a way to be secure, this coin uses Proof of Capacity, a process in which the security protocol is based on using resources from Hard drives instead of the normal GPU/CPU.

This is a pretty big difference given the fact that anybody can mine this coin, as well as the process taking very little power consumption when compared to actual CPU/GPU mining.

Burst is decentralized and makes use of the blockchain as well as having the ability to do smart contracts, asset exchange, crowdfunding, marketplace, encrypted messaging and, according to the developers, more, even though it’s not actually specified.

Burstcoin goes out of the way to stand on its own side of the crypto word by differentiating in the way it behaves. Like previously said, Burst uses the resources from HDDs in order to process the Proof of Capacity protocol instead of the typical Proof of Work, reason being the higher level of safety as well as the much lower power consumption (roughly 400x less). The difference between using this or just simply running your computer while doing anything is so negligible that your power bill will barely change.

Essentially, it’s much easier for anyone to mine Burst because the process is much cheaper than big cryptos and everybody has HDD space laying around. While the process of setting up the miner is more technical and harder than normal GPU/CPU mining, the rewards outweigh the setup and cost.

Currently, Burst is the only Proof of Capacity coin out there.

I will be creating a proper Burstcoin mining guide some time on the feature, but for now, keep this coin in your mind!