#burstcoin

[burstquebec]

Blogue Burst Québec

Voici officiellement le tout premier blogue sur le Burstcoin pour la communauté du Québec. Vous pouvez devenir membre maintenant. Laissez-nous vos commentaires pour faire évoluer ce blogue et ausssi notre site web.

Notre but est de faire accepter ce moyen de paiement par tous les citoyens et toutes les entreprises du Québec. Le Burst n’est pas seulement une crypto-monnaie comme les autres, elle offre aussi une multitude d'autres services, comme les smart-contract, une bourse d’échanges, un marché d’achat et de vente, des messages encryptés et j’en passe. Vous aller voir dans les prochaines publications toute la valeur que le Burst peut apporter à notre société.

Le 1 Avril 2018

[coinscapture]

[sustainablehokioi]

SHBitcoin 101 @BurstCoin

For all those who love their coin and want to give back, hey follow me as I do updates daily on a Burst Course. Giving back to your community is the Ultimate Loyalty, and giving partial royalties to the developers is Legendary - Burst is more than just a coin #Loyalty #Legendary #BurstCoin #Bitcoin #Blockchain #c

[stefandeepmusic]

Multiple Crypto Coins & Ethereum Mining From Your Hardware

Multiple Crypto Coins & Ethereum Mining From Your Hardware

[ad_1] Getting the best from your hardware, I show you one of my rigs and how I’m using it to mine multiple coins at the same time using my CPU, GPU’s and Hard drives.

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Tips are appreciated. Here’s my Addresses

Bitcoin 12v4d15AuopsVzudct7J8LJMm7qH95SxA1 Ethereum…

[tvhaberlerim-blog]

John McAfee, kripto paraları tanıtmak için tweet başına 105 bin dolar istiyor

John McAfee, kripto paraları tanıtmak için tweet başına 105 bin dolar istiyor

McAfee siber güvenlik şirketinin kurucusu John McAfee, kripto para arzlarını tanıtmak için tweet satıyor Silikon Vadisi’nin en sansasyonel kişiliklerinden John McAfee, daha önce Intel’e sattığı McAfee siber güvenlik şirketi ve cinayetle suçlanmasıyla tanınıyordu. Son dönemde kendini kripto para uzmanı ilan eden McAfee, yeni bir kripto parayı veya arzını tanıtmak için atacağı tek bir tweet için…

[lonelynerdrambles]

#burstcoin #cryptocurrency adding drives now new total 10TB thank you to the person that sent the coins. i shall repay once im mining at full

[britvr]

Mining Bitcoin GOLD (BTG) / Mining Burstcoin

[lonely-milk-carton]

Burstcoin mining is the way to go!

[phanestechnology]

PoS, PoW, and 11 Other Blockchain Protocols You Didn’t Know About

What is consensus? If broadly defined, a consensus is an agreement that satisfies each of the parties involved. This is the key to democracy and decentralization in general, as well as distributed registry technology in particular. Look at BTC: although Satoshi Nakamoto is his mysterious founder, he (or she!) has no power over the community. Bitcoin, like the blockchain, is completely transparent and open, and each node is equal in this network.

In the narrow sense, we use in cryptography, a consensus is a decision-making procedure. Its goal is to ensure that all network participants agree on their current status after adding new information, a data block or a transaction batch. In other words, the consensus protocol ensures the chain is correct and provides incentives to remain honest participants. This is an important structure to prevent a situation where someone alone controls the entire system, and it ensures everyone abides by the rules of the network.

A short review of a blockchain protocol

A protocol is a set of rules.

It helps:

ensure the viability of online transactions;

eliminate the possibility of double waste;

make sure participants do not cheat.

Blockchain protocol is the amount:

deterministic logical rules;

cryptography and encryption as a basis for security;

social encouragement to support the network protocol.

Let’s review what blockchain protocols exist today, where they are used, and what are their pros and cons.

Disclaimer: the article will be supplemented and edited to provide the most accurate information.

We will start with the mastodons of the industry. Proof of Work (PoW) and Proof of Stake (PoS) are the pioneering protocols that often serve as the prototypes for other modern consensus protocols.

Proof of Work (PoW)

Principle: it is difficult to find a solution, but it is easy to check the result.

Performance: low.

DLT environment: public blockchain.

Completion: probabilistic.

Example of use: Bitcoin, Ethereum, Litecoin.

The bitcoin blockchain is probably the most copied blockchain protocol. Numerous nodes confirm transactions in accordance with the PoW consensus algorithm. To add a new block, the participant must prove he/she has done a certain job. To be precise, it solves a very difficult task of finding a hash that complies with certain rules. The first who was lucky to find the right combination gets the opportunity to add a block to the chain.

As a result, participation in PoW implies the cost of computing resources, but the advantage is that it can be implemented in an environment where participants absolutely do not trust each other. Anyone can join the network, as it is a blockchain, which does not require permission (it’s permissionless). And although the peer-to-peer scalability is high, the transaction rate remains low.

Another problem is the motivation of network members — they usually join in to get rich, and not to maintain justice. Reducing mining fees over time and lower commissions in the future can greatly affect network security.

Proof of Stake (PoS)

Principle: the network trusts the validator, who puts his own resources as a pledge for the ability to create blocks: the larger the share, the higher the probability that the network will allow the creation of a block.

Performance: high.

DLT environment: public / private blockchain.

Completion: probabilistic.

Example of use: NXT, Tezos, soon Ethereum.

The technical feature of PoS is the absence of complex and unnecessary calculations. Instead of competing with others, network participants pledge their crypto actives, such as ether (Ethereum) in Ethereum, and wait for them to be selected to create a new unit.

Here participants are interested in security, as they themselves own the coins of the system. The algorithm selects one validator, based on the share belonging to it. Therefore, if the participant owns a 5% share, then 5% of transactions will be checked. The idea is that the higher the proportion of validator underlying cryptocurrency, the less interest he/she has in manipulating the validation process.

As in the case of the PoW algorithm, the completion of a transaction in PoS is probabilistic. Although transactions are relatively fast compared to transactions on the Bitcoin network, tokens are still required for this. Moreover, skeptics point to the fact that validators with large stakes will be chosen more often and, therefore, will receive even more tokens: the rich are getting richer.

Delegated Proof of Stake (DPoS)

Principle: Participants delegate the production of new blocks to a small and fixed number of elected validators. High competition, but very profitable.

Performance: high.

DLT environment: public/private blockchain.

Completion: probabilistic.

Usage example: EOS, BitShares.

Delegated Proof of Stake (DPoS) enables creating blocks at high speed and process more transactions per second by reducing the number of validators. During the voting, coin holders choose validators to form the blocks. The weight of each vote is defined by the sum of the assets of the voter. Coin holders can vote for validators at any time. This determines the high flexibility of the network: if the majority of performers fail, the community will instantly vote to replace them.

The production of new blocks occurs every 1–2 seconds. This protocol is faster and fairer compared to PoS since the “delegated” validator later shares tokens with its voters. Although, the confirmation of the finished blocks still lies on the shoulders of all the other members of the network.

Proof of Activity (PoA)

Principle: a hybrid of PoW and PoS.

Performance: low.

DLT environment: public.

Completion: probabilistic.

Usage example: Decred.

Proof-of-Activity (PoA) combines the PoW and PoS protocols, which means that participants can mine or lay down a share to validate the blocks. So, the PoA protocol provides a balance between miners and ordinary members of the network.

Proof-of-Location (PoL)

Principle: beacons are used to notice a node in a synchronized state, and then to mark its presence with a temporary stamp.

Performance: average.

DLT environment: public.

Completion: immediate.

Usage example: FOAM, Platin.

Proof-of-Location (PoL) allows users to secure a specific GPS location and thus authenticate themselves on the network. Interestingly, this blockchain protocol relies on BFT beacons, which record geolocation and time markers in the blockchain, which prevents disruptions and fraud in the system.

Proof-of-Importance (PoI)

Principle: like PoS, but with additional properties that affect your ranking.

Performance: high.

DLT environment: public.

Completion: probabilistic.

Usage example: NEM.

The algorithm acts almost like PoS, but includes three components:

the number of tokens in the account;

account operations activity;

the time spent by the account holder on the network.

The first parameter plays an essential role in the rating for verifying transactions; the second and third parameters just help to establish the “value” of the account. The smaller the sum of tokens, the stronger the influence of other parameters.

Consequently, an account that lays hundreds of thousands of tokens can increase the coefficient of importance by almost 3 times due to its activity and constant presence in the network. On the other hand, it does not matter for those who own hundreds of millions of tokens.

Proof-of-Elapsed-Time (PoET)

Principle: blocks are created in a trusted environment with equal periods.

Performance: average.

DLT environment: private blockchain, with and without permissions.

Completion: probabilistic.

Usage example: Intel.

Intel did not lag behind and developed its own blockchain protocol called IntelLedger.

This system is similar to Proof of Work but utilizes less electricity. Instead of participants solving a cryptographic puzzle, the algorithm works in a Trusted Execution Environment (TEE) environment, such as Intel Software Guard Extensions (SGX). The PoET protocol guarantees that the blocks are generated randomly and without any necessary efforts.

Proof of authority (PoA)

Principle: semi-centralized blockchain for banks and insurance companies

Performance: high

DLT environment: Public, private or consortium.

Completion: probabilistic

Example of use: Kovan, Rinkeby, Giveth, TomoChain, Rublix, Swarm City, Colony, Go Chain.

Similar to PoS and DPoS, in PoA validators secure the blockchain and are able to produce new blocks. New blocks on the blockchain are created only when a supermajority is reached by the validators.

By identifying pre-selected authorities, PoA consensus becomes centralized. Therefore, it’s suited for private blockchains and consortiums, such as a group of banks or insurance companies for better scalability. The identities of all validators are public and verifiable by any third party. Having their identity at stake, validators act in the best interest of the network.

Proof of Burn (PoB)

Principle: burning a mined PoW cryptocurrencies in exchange for mining privileges or the coins/tokens of an alternative currency

Performance: medium

DLT environment: Public

Example of use: Slimcoin and Counterparty

Miners send coins to an unspendable address (an eater address) in such a way burning them (coins can no longer be accessed and spent again). As PoB transactions are recorded on the blockchain, there’s undeniable proof that the coins are inaccessible, and the user is rewarded.

The idea is that a user demonstrates a willingness to undergo a short-term loss for long-term investment — a lifetime privilege to mine on the system. The more coins a user burns, the higher the chance to mine the next block.

Proof of Capacity (PoC)

Principle: The amount of “work” a miner will perform depends on the amount of free disk space to devote to the plotting process.

Performance: high and efficient

DLT environment: public

Example of use: Burstcoin and Bitcoin Ore

PoC is similar to PoW with a considerable difference — in PoC, rather than doing a large amount of work to verify each block, the work is done in advance in the process called “plotting”; the results from this process are used later to verify each block.

Plotting is the process of producing special files called “plot files” which store a large number of precomputed hashes. The shortest solution to the mining algorithm grants the rights to mine the next block. PoC is efficient, cheap, and distributed.

Proof-of-Brain (PoB)

Principle: the protocol enables smart, a social currency for publishers and content businesses

Performance: fast and efficient

DLT environment: public

Example of use: Steemit

PoB is a scalable blockchain protocol for openly accessible and immutable content accompanying a fast and fee-less digital token — STEEM — which helps people earn money by using their brains thus the name. STEEM is a means for creating unceasingly growing communities with members adding value through the built-in rewards structure.

PoB is a public publishing platform called Steemit from which any Internet application can share data in such a way rewarding those who contributed this valuable content.

Proof-of-Physical-Address (PoPA)

Principle: identity verification DApp

Performance: high

DLT environment: private

Example of use: ConsenSys and POA Network

Proof of Physical Address (PoPA) is a DApp which connects a real-life physical element with blockchain technology. This helps in verifying an individual’s identity. PoPA connects a person’s physical address with a wallet address in which they control the respective private key.

Every time a user verifies his/her card in the DApp, the PoPA protocol refreshes its own record and calls the ERC780 congenial contract to store the user/address connection.

Proof-of-concept (PoC)

Principle: demonstrates the feasibility of any blockchain project

Performance: unknown

DLT environment: private

Example of use: unknown

A Proof of Concept (POC) can be used in any field such including Voting trackers, Record storage, Legal documents, etc. A POC can either be a prototype without any supporting code or a Minimum Viable Product (MVP) with a base feature set. A POC is a model used for an internal organization to have a better understanding of a particular project.

Consensus protocols are an integral part of distributed systems. They help to achieve justice, to avoid system failures when one of the participants — the node — fails. Secondly, a decentralized environment requires solutions which will help move forward and change the general state, even in an environment where no one trusts anyone. Certain rules help to reach “consensus”.

We reviewed the most popular protocols which are already used in dozens of projects. Still, there are also Cross-resiliency (XFT), Paxos, Sieve, Raft protocol, Byzantine resiliency (BFT), direct acyclic graphs (DAG), and even non-blockchains conducted through a mental experiment which we’ll describe later.

If you have questions and requests (for instance, to review a certain blockchain protocol), leave comments below the article.

[ngkio]

NGK global roadshow ended grandly in New York. DPOSS consensus algorithm mining shines bright!

Recently, the NGK global held a grand roadshow event in New York, USA. The guests present included blockchain experts from the United States, Canada, and other countries, as well as the NGK community representatives and many well-known media.

 At the beginning of the conference, the U.S. roadshow speaker, Viko shared the NGK's recent phased results and its future development plans. NGK always puts the interests of users first by continuously optimizing and upgrading its products. The NGK platform will work sincerely with industry partners to create the greatest cooperation and achieve a win-win situation.

  After that, the invited guest Mike raised two questions. Why is DPOSS optimistic about it? What is the NGK's biggest technological innovation? What are the current technological difficulties?

 Next, the NGK representative Bob replied: There are four main reasons for being optimistic about DPOSS:

 First, fairness. In the DPOSS consensus algorithm, the proof of capacity space is decentralized, and the capacity proof provided by a miner is linearly related to the revenue. If miners want to get more revenue, the best way is to expand the capacity. This mining algorithm allows individual miners and institution miners to mine on an equal basis.

 Second, security. A well-designed DPOSS mechanism can resist the malicious nodes with a capacity of less than 51%.

  Third, scalability. The DPOSS consensus algorithm uses capacity space to prove that. Therefore, after the hard disk is initialized, it does not require many additional resources to provide the proof of capacity for multiple blockchain platforms.

 Fourth, energy saving. The power consumption of nodes that have been initialized and under the process of mining is reduced by the orders of magnitude compared to PoW.

 The biggest technological innovation of NGK is that it has redesigned a more advanced DPOSS consensus mechanism compared with projects such as Burstcoin. Each NGK proof of capacity only requires reading a few bytes of data from the hard disk, while ensuring extremely high security.

 Then Mike asked again: What is the difference between Polkadot and Cosmos that can send parachains on the NGK engine? What kind of ecology do you think NGK wants to make?

 NGK representative Bob replied: The information on the official website shows that NGK was designed to support the parallel operation of multiple blockchain platforms and realize the interaction between chains.

  This cross-chain protocol is somewhat different from Polkadot and Cosmos. The chain independence on NGK is stronger. In the first question, the design of NGK can reduce the pressure on the disk of the miner node. Therefore, the NGK system can entirely support the parallel operation of multiple chains at the mining pool level.

  I think the advantage of this design is that it can be dedicated to the dedicated chain while reducing the additional energy consumption. For example, the NGKNet itself is based on the UTXO model, and some business logic is more suitable for Ethereum's account model, so community organizations can develop an account model chain based on the NGK consensus. By distributing and running different businesses to several segments of the chain, instead of using one chain to contain everything, I think this is more conducive to the development of the ecology in general.

[traders-studio]

Burstcoin (RÁFAGA)

¿Qué es Burstcoin? Burstcoin (BURST) es una criptomoneda diseñada para ser altamente eficiente en energía y un modelo para la minería verde. La cadena de bloques Burstcoin funciona utilizando un algoritmo de prueba de recursos (PoC), que utiliza el espacio en disco disponible por un dispositivo de minería en lugar de seguir otras metodologías de minería que consumen mucha energía. Conclusiones…

[lonelynerdrambles]

#burstcoin #mining #cryptocurrency need burstcoin to start mining. Any takers to help? putting some #HDD to use, anyone out there willing to donate #burstcoin so I can kick off #mining ? #cryptocurrency @BurstIsBest BURST-FDAQ-ZGMA-ARKP-D7HQY #thankyou

[britvr]

#Burstcoin baby (at Arizona)

[paulo0369]

Curti o vídeo "Android Mining Guide [NO ROOT] - How To Mine uPlexa On Mobile Phones & TV Boxes", e o que você acha?

E o vídeo de hoje é: Android Mining Guide [NO ROOT] - How To Mine uPlexa On Mobile Phones & TV Boxes

A video guide on how to mine uPlexa coins using your Android mobile phone or TV box. I'll show you how to install and setup the miner on your device and start mining uPlexa coins. #uplexa #crypto #mining #### BULB #### Join Bulb and save over £200. The #1 energy supplier on Trustpilot. 100% renewable electricity - https://bit.ly/2O6J9sn #### uPlexa Donations #### UPX1pSMqraEUuiC2mYRmM3BK35UYm5h1HK2aKfApfGhMWv542Q3Kx9nPB5U53uWMavjSSWj5bftjV5JVRy5RRE1S6AFt2uGzdT #### LINKS #### Web Wallet http://bit.ly/2HEPHOc Android Miner Dowload http://bit.ly/32aWGYD #### MY LINKS #### Website http://bit.ly/38HZmzr Facebook http://bit.ly/3bV9Ygu Twitter https://twitter.com/IMineBlocks_com Instagram http://bit.ly/2uYQOWc Steemit http://bit.ly/2HDTf3m Discord http://bit.ly/38Ja7BB Youtube Membership https://www.youtube.com/channel/UCjYHcWGAjUVqU49D2JOKD3w/join Buy anything on Amazon US http://amzn.to/1Ttb8P9 UK http://amzn.to/27P0s71 Please use the link below to make your donation in one of the 65 supported Altcoins. http://bit.ly/326HqvU Tips are appreciated. Here's my Addresses Bitcoin:1FFVvaF7A3sjhzX26mNWfuqYKz1CwmEsYh Litecoin:LUUEfTYzsQU1e86kjiDtkwAYmqReZYAPfs Ethereum:0x5B905114167C80276AD28A997f606C698547fe40 Burstcoin BURST-N8KB-DKKW-9C4W-AF289 Storj 1PtCzyShTUXwhf63nRqQuxEgLZRkjwu4SK Dash:XmVpjUbZ12bK4k8E2LnMJeULeUsLcjAyBe BitSend:iRoCVCDSVTyqqojyybMcbRpFU4HhdosVhP Decred:DseJxmrkYw3FncKWJoEH9SswdcDPuyi4DZF Ethereum Classic:0x0927B3ff51BFC3865788aE7ad90246D850c05325 Nexus:2QyTKoWw38qhXZ144gvDuxcMPunquV4o2CLxFTHa4vBUkj1m4Sh NXT:NXT-VJTM-6E5M-7PZ6-9LSXJ Stratis:ST6bqKBoGtvtrVnStDjiGkcfh29KhZDMmw Vertcoin:VkzcFB4qpWta6txy7kjfx6z2pS4VhmmhCn Zcash:t1QAirDg9e9Gyz1YzWFXvBenjyRQq5iYyxi Monero:48CbEcFkNVEd2JyZCTW4erduVKsbBEkwd9n791ayUQjVDx12yc3oZjqbV2NaqdSSXa3NcnpZdDCYZSQ92DpoSztY8xqRkuw Caso queiram assistir no YouTube clique aqui

[mysticalbodhisatta]

via Twitter https://twitter.com/dubchaynes

[skipperburst-blog]

#blockchain #cryptocurrency