The Weekly Burst Report is a report published every Sunday meant to centralize and outline the important Burst information of the week.

Weekly key data

PoCC development statistics

– Files modified: 20 ↓

– New insertions (+): 376 ↓

– New deletions (-): 70 ↓

Blockchain metrics

– Blockchain transaction volume: 17,807 / -7.2% ↓

– Total wallets: 146,218 / +0.2% ↑

– Burst held in Poloniex & Bittrex: 57.6% / -0.1% ↓

Network metrics

– Estimated Network Size (weekly average): 232 PB / +23.4% ↑

– Public Nodes: 810 / -5.8% ↓

Trading metrics

– High / Low: $0.016 / $0.013 USD ↓

– Trade volume / change: $687,644 / -19% ↓

– Market Capitalisation/ change: $28,266,000/ -5% ↓

– Weekly High vs All Time High (%): 12% / -3% ↓

Metrics by @Koru

Development

The PoC Consortium expands!

The PoCC welcomes two new members: Brabantian and @Umbrellacorp03 — PoC Consortium (@PoC_Consortium) June 25, 2018 Brabantian is a professional software engineer and solution architect who has been working on the core wallet for months and who has proven to be very dedicated and gifted in Java development. Umbrellacorp03 is a Polytechnic student and project manager. He has taken care of many diverse tasks since he joined Burst, from documentation enhancement, to marketing and softwares (Burst paper wallet generator).

One thing is for sure: the Burst ecosystem hasn’t adapted to the changes brought by the pre-Dymaxion hard fork yet. This is one of the reasons why the PoC Consortium wrote The Economy of Scale article.

Blockchain usage in % since PoCC joined $Burst.https://t.co/kjaw8Qc0Dn Since the 500k switch Burstcoin blockchain tx capacity usage is somewhere between 0.6% and 1.4%. Yawn. Equip everyone on Iceland with their first Burst: 75 minutes

Everyone in Venezuela: <5days

Everyone! pic.twitter.com/Bu7KuE9kId — PoC Consortium (@PoC_Consortium) June 29, 2018

As you saw, the PoC Consortium talks of equiping everyone with their first Burst. And indeed, the developers are working on a new Burst faucet technology. Last week we saw that this “reference faucet” will soon be a service available on the Burst explorer page. Through the use of Multi-Out Transactions and Dynamic transaction fees, the faucet will be able to serve fractions of a Burst to thousands of people at very low cost – allowing them to validate their first account and make a few other transactions. One could even imagine future Burst airdrop systems based on this.

PoC Consortium developer Brabantian is now working on optimisations on the network level to further support the distributed system our network of Burst wallets form. He is now having a deep look at the functionning of unconfirmed transactions.

BurstJack has leaked some news on a groundbreaking Burst project: Private Chains. Here is an excerpt from the documentation: “Private Chains concept is based on structured Burst Messages. A private chain is created with 2 ordinary Burst transactions sent to 2 different Pchains Accounts. One account serves as a chain creation account and accepts creation fees (50 Burst) from chain creators. The chain creator sets ticker (name) of chain and maximum number (cap) of tokens in chain. Upon creation, the creator is the owner of all tokens in that chain. The other account serves as transaction account which holds transactions for all chains, if not otherwise specified in chain creation for a particular chain. “Both creation-specification and chain-transactions in chain are sent the ordinary way as Burst messages to the 2 Pchains Accounts. We should expect more information on Private Chains and use cases soon. This is a very clever use of the already existing Burst technologies, and a particularly promising project.

Some changes in the payout distribution by the PoCC pools:

PoCC 0-100 and 50-50 pools will now use Multi-Out transactions for payouts to miners. We also are lowering the tx fee per payout to a miner by 50%.

Check your 50-50 payouts here: https://t.co/h0FjwmB0bL

0-100 payouts here: https://t.co/Ct9syOucpI — PoC Consortium (@PoC_Consortium) July 1, 2018

Websites

How to activate your Burst wallet? – A new article by umbrellacorp03 on the Burst wiki.

Other

It’s no secret what PoC Consortium rico666 thinks of so called “crypto experts”. And he even wrote a Medium article on them.

Every Sunday, there is the traditional South Bay Meetup taking place in San Jose, CA. Join our dedicated community members Daniel (nixops) and Tamara (grlz2grlz)!

Reddit user u/enoy19 is currently working on a Telegram bot for mining pool software. The bot can inform and notify its users on the current pending payments of a wallet and more.

A new Harvey Harddrive episode is out! What would Harvey do?

Conclusion

The search for community champions continues, as you will soon see in a dedicated Burstcoinist article. In the meantime, numerous people are busy making progress and building Burst into a truly suitable coin for real market adoption. As always, stay tuned!

Thank you and see you next week.

Tom Créance (@Gadrah)

Want your Burst-related project to appear in the Weekly Burst Report? Contact me and I can mention it in the next episode.

Also published on Medium.