Home / Graphic of Burstcoin coin price. Dynamics of costs BURST online, history of values

Graphic of Burstcoin coin price. Dynamics of costs BURST online, history of values

Dynamic and history value of price BURST. Maximal value of price Burstcoin was 0.00361$ - 2020-11-03 06:00:08, Minimal price of BURST was 0.001056$ value and fixed at 2020-12-29 17:00:13. Today price of Burstcoin is : 0$

BURST uses a new algorithm for mining-hard disk space capacity proof of mining (POC). Miners pre-generate a large amount of data and store it on the hard disk in the form of «small blocks». The number of small blocks determines the speed of mining. In the process of generating each block, the miner will roughly scan these small blocks stored. This will continue until a block is mined, and it must be rushed before another block has been mined. After scanning all the small blocks, your hardware will stop working until it finds new blocks. BURST is just like other cryptocurrencies, it is another kind of money, you can use it for trading. To be able to do this, you need to send money. All virtual currencies store every transaction that has occurred from the birth of the currency to the present day in a so-called ‘blockchain’. The blockchain contains many blocks. Each block may contain many transactions. Users verify the authenticity of each transaction through mining. BURST starts with the first block and rewards 10,000 Burstcoins per block, with a monthly reduction of approximately 5%. Each cryptocurrency starts from block 0, which is the «original block», and the maximum money supply is set in advance. Unlike fiat currencies, its money supply is difficult to increase. In theory, based on the acceptance and use of currencies, cryptocurrencies are more valuable than traditional currencies because the money supply of traditional currencies has been growing. After the last block is mined, the miner’s income will drop sharply because there is no block reward. Only transaction fees are left. If miners continue to mine, they will always receive transaction fees as a reward.