Weekly Burst Report #41

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: 38 ↑
– New insertions (+): 1632 ↑
– New deletions (-): 692 ↑

Blockchain metrics

– Blockchain transaction volume: 19,138 / -13.4% ↓
– Total wallets: 145,985 / +0.2% ↑
– Burst held in Poloniex & Bittrex: 57.7% / -0.3% ↓

Network metrics

– Estimated Network Size (weekly average): 188 PB / -33.1% ↓
– Public Nodes: 860 / +3.2% ↑

Trading metrics

– High / Low: $0.019 / $0.015 USD ↓
– Trade volume / change: $852,942 / -71% ↓
– Market Capitalisation/ change: $29,740,500/ -19% ↓
– Weekly High vs All Time High (%): 15% / -6% ↓

Metrics by @Koru

Development

• The PoC Consortium pre-announced it last week: the post-hard-fork statement has been released on The Burstcoinist! In this article titled The Economy of Scale: Next Steps For Burst, the PoCC presents the “next steps” for Burst and its ecosystem. We highly recommend reading the entire write-up as it is an important piece for the second half of 2018. Here is a summary in a few words:
  • Since the successful hard-fork, Burst is a much bigger and better coin. We now have the technological abilities to compete with most top crypto projects. Hence, our problem isn’t the technology, it is us – the community.
  • The time when “the PoCC should do everything” has come to an end. The community needs to be professionally organized: teams need to be built, driven by “champions” who can build up and lead (take responsibilities), while sharing a common goal. It has already started (see below in the report).
  • Our growth needs to be an incremental process, and it needs to be done right to be sustainable (avoid dilution).
  • The PoC Consortium will continue working on core/wallet development and leading Burst from a strategic/ideologic standpoint. You will probably spot a Burst Dymaxion Daemon in 2018, but no warranties. Right now, they will focus on market adoption: merchants, ATMs, payment gateways etc. They want to ensure that all the new technical capabilities are used to their full extent before enabling the Dymaxion on MainNet.
• The Android Burst wallet has been updated. Changes include: decreased startup time, hard-fork adjustments (mainly dynamic transaction fees) and a new Japanese translation.

• The explorer got some updates:
  • There is a new “report bug” function, two new sections on the sidebar (Marketplace and Automated Transactions), and a few additional minor changes.
  • The PoC Consortium is working on a “reference faucet”, that will be a service on the explorer page. The goal is to provide a more effective way for new users to get started.
• We now have a Burst paper wallet generator, the perfect tool to create a secure HODL account. It will be directly included in the next Qbundle release.

Community efforts

• The search for “Champions” as mentioned above has commenced. Good news: we already have two of them. One for App Team, and one for Support Team. They will probably announce it to the public soon, but if you are used to the Burst community you know them well already!
• We are looking for people willing to take responsibility for the other teams mentioned: GUI / PACKAGING / TESTING / EVANGELISTS. Contact the PoC Consortium on Discord if you want to take the initiative.
• A “Burst Who’s who” page as well as the “Global Burst TODO” page will be posted soon on the Burst Wiki. The global TODO is intended to be a one-stop overview on what needs work/volunteers right now. The who’s who will be a broader overview of whom to talk to in the Burst community if you need something. It is basically meant to be an entry point to the teams.

• There is a Burst Reddit competition to promote user growth gowing on. Join the debate and you may win the prize!

• How can a non-developer help Burst grow? It’s mainly about mindset. A great answer by u/MassBurst730:

• Daniel (@nixops) and Tamara (@grlz2grlz) will have some updates to share next week – either in the next report or in a standalone newsletter.

Websites

• Umbrellacorp03 has been doing an awesome job improving the Burst Wiki and making it up-to-date. Among the many changes, the API page is 90% updated, the asset exchange page is up to date, same with the Burst software page, and Quibus took care of the Technical information to create plot files.

Other

• Which pool to use? The PoC Consortium is asking miners to give pools that they don’t own a chance, in order to avoid concentration of the network into the hands of one entity. Of course, any fears of 51% attacks from the PoCC pools are completely unfounded. The reason is a more political one: The Burst community is proud to have achieved a high level of decentralization, and any external observer could point to the dominance of PoCC pools and question this – which would be bad for Burst’s image.
  • Additionally, the PoC Consortium would like some more pool miners on TestNet. You can dual-mine on MainNet and on TestNet, so you do not lose anything.
• The latest update of blago miner seems to trigger antiviruses. As always, it’s a false positive.
• u/CurbShifter made a Burst extension for moneymoney-app.com.
• We just can’t get enough Burst memes.
• Reddit user u/TOXiC_AVENGER is trying to fill the void left by u/burstcoinisgreener: the adventures of Harvey Harddrive continue!

Conclusion

The crypto bear markets can be depressing. When will we see the light? But let’s stop watching numbers and start looking at facts: how much has been done in less than a year, how Burst can now compete with the top blockchain technologies, how the community has come together and matured, and how we have so many great things planned ahead of us. But for these to happen, we all need to work together. Start that Burst project you’ve had in mind now, and let’s get moving!

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.