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
Core wallet development statistics
– Files modified: 0 ↓
– New insertions (+): 0 ↓
– New deletions (-): 0 ↓
– Blockchain transaction volume: 22,140 / +2.7% ↑
– Total wallets: 145,701 / +0.4% ↑
– Burst held in Poloniex & Bittrex: 58% / -0.7% ↓
– Estimated Network Size (weekly average): 281 PB / -17.4% ↓
– Public Nodes: 833 / -3.1% ↓
– High / Low: $0.027 / $0.017 USD ↓
– Trade volume / change: $2,920,558 / -35% ↓
– Market Capitalisation/ change: $36,706,100/ -32% ↓
– Weekly High vs All Time High (%): 21% / -3% ↓
Metrics by @Koru
- When the PoC Consortium first published the Burst Dymaxion white paper, the developers announced a roadmap consisting of three hard forks that would transform Burst and make it a technologically superior cryptocurrency. The first hard fork, called the pre-Dymaxion hard fork, was designed to strengthen and maximize the potential of the Burst blockchain, by improving transactional capabilities (with Multi-Out Transactions and 4 times bigger blocks, enabling a maximum of 80 transactions per second), reducing transactional costs (with dynamic transaction fees), and ensuring the fact that the Proof-of-Capacity consensus algorithm is ungameable (with PoC2). It was decided to split it into two parts, at block heights 500,000 and 502,000.
- On June 10th, the part one was successfully enabled, greatly improving Burst’s scalability.
The PoCC would like to thank everyone for their support and engagement, kind words and congratulations. We are tired, but happy to have successfully upgraded Burst. All is quite stable at the moment.
— PoC Consortium (@PoC_Consortium) June 11, 2018
- On June 16th, the part two was successfully enabled, switching the consensus algorithm of Burst from PoC1 to PoC2.
502k switch successful! As expected we’re crunching now some slow blocks, but it will soon get better. Burst is now 100% guaranteed pure Proof of Capacity consensus.
— PoC Consortium (@PoC_Consortium) June 16, 2018
- The fact that both went great has been a very positive sign for developers. Additionally, in hindsight, it was a very good decision to separate the steps in order to prevent the network capacity to suffer too much. Current network capacity is stable at 120,000 TB. We will see how the capacity in the next days/weeks evolves. If it raises to previous 350,000 TB levels, it means miners just didn’t convert in time despite the multiple announcements. If it doesn’t reach that level again, then we probably had some people exploiting PoC1.
- Please use the latest, hard-fork-compatible Burst softwares: BRS 2.2.1, Qbundle v2.1.0, updated miners and plotters.
- The former cg_obup plotter has a successor named “Engraver“. It is the PoC Consortium Burstcoin reference plotter PoC2-only (The TODO in the README file may be interesting)
- The PoC Consortium will communicate a post-502k statement this week to present its “next steps” to the community, according to rico666. Stay tuned.
- All exchanges are now on the new chain, including Poloniex and Bittrex. A word of caution from PoC Consortium developer rico666: “Please feel free to use Multi-Outs and sub-1 Burst fees. But please do not deposit any funds on exchanges via a Multi-Out transaction. I fear their backend systems are not prepared for this and will most certainly overlook your deposit.”
- The ecomine.earth website will be down until the new version is finished.
- Burst has been listed as 3rd most active subreddit on tokenwoof.com.
- Daniel Jones, Tamara Sanchez and others have been representing Burst at various events and conferences. Read their report here.
- What is the Dymaxion? This article on Hackernoon explains it quite well.
- We need your input:
— BURST (@Burstcoin_dev) June 17, 2018
- You can now select the node of your choice for cakepodharry’s mobile explorer app.
- A new episode of the Harvey Harddrive comic: Harvey prepares for the Hard Fork. Unfortunately, @burstcoinisgreener is going to stop making these for a while.
The pre-Dymaxion hard fork has went amazingly well. We can now safely affirm that we are at technological eye-level with a lot of top blockchain projects. But remember: this is only paving the way for the Dymaxion. And finally, even if the markets don’t always seem fair, the fact that Burst is becoming better everyday in all will prevail in the long run.
Thank you and see you next week.
Tom Créance (@Gadrah)
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