Weekly Burst Report #44

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

For starters, my apologies for not issuing a report last week. I was on vacation in the middle of nowhere with less-than-stellar internet connection. This present edition covers the last two weeks (excepted the Weekly Key Data section) – I hope you will like it. Without further ado, let’s get started!

– Tom

Weekly key data

PoCC development statistics (public repositories)

– Files modified: 22 ↓
– New insertions (+): 434 ↓
– New deletions (-): 107 ↓

Note: this solely indicates the GitHub activity on already released projects. It doesn’t reflect the work the PoCC puts into its private repositories.

Blockchain metrics

– Blockchain transaction volume: 26,178 / +69.4% ↑
– Total wallets: 147,110 / +0.2% ↑
– Burst held in Poloniex & Bittrex: 58.1% / +1.0% ↑

Network metrics

– Estimated Network Size (weekly average): 254 PB / +0.8% ↑
– Public Nodes: 744 / -1.6% ↓

Trading metrics

– High / Low: $0.019 / $0.012 USD ↑
– Trade volume / change: $4,523,395 / +337.7% ↑
– Market Capitalisation/ change: $24,904,600/ -1.2% ↓
– Weekly High vs All Time High (%): 15% / +3% ↑

Metrics by @Koru

Development

As a lot of you must know, yesterday the network was stuck because of a bug that caused a fork and stuck wallets. The hiccup got resolved quickly and Burst got back on its feet. The bug responsible for this will be made public right after the release of the BRS 2.2.2 version by the PoC Consortium. It was a bug present in the NXT code base when the initial fork for Burst occured.
- BRS 2.2.2 should come within a week give or take – most of that time is testing. The release will contain various fixes and also improvements, namely a Fee Suggestion feature developed by Brabantian and Almurik. This will automatically estimate the best fee based on current network conditions.
- The PoC Consortium is communicating with Bittrex whose wallet also got stuck. It looks like they will be up and running again in no time (this is possibly already resolved at the time of this report).
- If anything this incident should show that even in cases of unforeseen problems, Burst has a highly responsive team competent to deflect these kind of problems. The community as a whole has proven to be unified and very helpful.

GeneralBytes added Burst support into their GitHub repository. It is now part of their code base. This is big news: GeneralBytes has 1800 ATMs in 53 countries. Icing on the cake, their ATMs are bi-directional (they allow buying and selling for 122 fiat currencies). As far as we know, they will push a server update by the end of the month, and the first ATMs with Burst support will show up.

It’s official! $Burst coin support merged in @generalbytes master tree. Thanks to everybody for their hard work and dedication, especially @nixops and harry1453 – both did pull some serious weight.

The way is paved to buy and sell $Burst at ca. 2000 ATMs world-wide!

— PoC Consortium (@PoC_Consortium) July 16, 2018

The Fee Suggestion support is also being worked on for the mobile wallet and will be integrated soon.
Something is brewing behind the scenes. A few key CIPs (Capability Improvement Proposals) are being worked on. The full CIPs will be made public soon.
- CIP 6: titled “Unconfirmed Tx Queue Optimizations” – a way to purge Unconfirmed Transactions that have no chance of being included in a block.
- CIP 7: titled “Differential Unconfirmed Tx Propagation” – a more intelligent approach of sending Unconfirmed Transactions to avoid network load.

CIP11 – Title: Tethered Assets

— PoC Consortium (@PoC_Consortium) July 17, 2018

Engraver, the Burst reference plotter of the PoC Consortium for Linux/Unix has been released on GitHub.
- Staying on the mining topic, we also have a new version of jminer (the GPU Burst miner), and a new version of JohnnyFFM’s BlagoMiner.
On the less positive side: Quibus stopped working on Qbundle. The PoC Consortium responded with a statement. Most importantly, the PoCC “will make sure of a continuation and maintenance of this software.” At this moment Heos is looking into it, but additional maintainers alre always welcome (Visual Basic .NET).
- A few people on Reddit used this news and tried to create some drama, spreading rumors that ac0v left the PoC Consortium. This is of course baseless and – needless to say – completely untrue.

Websites

The CryptalDash exchange went live this week. Burst trading should be enabled soon.
The PoCC Burst explorer was briefly down with the fork but is now working properly again.

Other

Many pools are paying out with Multi-Out Transactions. If you have been wondering where to find the pool payments, see this post.
Some Burst community members are going to attend the Spot Conference in Hong Kong.
Nixops is organizing a MacOS/iOS testing group. Don’t hesitate to sign up!
There is a petition to list Burst on Bitfinex going on. There are currently 340 signees – come on, we can do better!
A beta of a Homebrew installer for MacOS has been released.
Burst and ERC20 tokens:

BURST support for ERC20 tokens: https://t.co/SHZrADF90i

— PoC Consortium (@PoC_Consortium) July 17, 2018

Conclusion

There have been some people complaining about a slowdown in development lately, sometimes calling PoCC members into question. I will answer using the own words of the PoC Consortium: “We would like to assure you (and everybody else), that the “build it and they will come” mentality is still here. That has not changed and most certainly has it not changed drastically. Development really only seems to have dozed off from certain members. It’s vacation time, some larger things are being planned and the wallet is considered to be stable. Sure, compared with the frantic development towards 2.X this is Tranquility Base.” Still, as you can see above there is plenty going on and even more behind the scenes.

Thank you and see you next week.

Tom Créance (@Gadrah)

Disclaimer: The Burstcoinist does not endorse nor take responsibility for any project mentioned in the Weekly Report.

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