Burstcoin is a cryptographic digital currency and payment system based on blockchain technology. Burstcoin was featured on bitcointalk.org on August 10, 2014 as a currency based on the NXT code.
The Burstcoins are mined using an algorithm called proof-of-capacity (PoC), a capacity test, in which miners use storage instead of spending electricity.
The energy requirements for mining Burstcoin are minimal compared to most other cryptocurrencies, making it one of the most energy-efficient currencies based on some type of test.
The use of the Nxt platform allows development flexibility, assuring developers the freedom to create their own applications.
Burstcoin can be considered a project of next generation cryptographic applications, generally known as cryptocurrencies-2.0 in contrast to first generation currencies like Bitcoin.
Burstcoin is the first cryptocurrency to use the test-capacity algorithm (PoC)
Burstcoin was the first cryptocurrency to implement intelligent turing-complete contracts in the form of Automated Transactions (AT), this occurred before Ethereum and Counterparty
One of the most recent innovations of Burstcoin and Qora is the ability to perform Atomic cross-chain transactions (ACCT), atomic transactions between chains, which allows decentralized exchange between 2 cryptocurrencies without the need for a third party, which is generally a house of exchange. Successful inter-string transactions have been made between the blockchain of Burstcoin and Qora.
Owned by BuyHatke Internet Pvt Ltd and having received millions of investors, Bitbns is one of the largest cryptocurrency exchanges in India.
Bitbns has a fairly large variety of cryptocurrencies and makes it easy for domestic traders to choose trading options. Ordering on Bitbns is relatively simple using their basic interface, but their trading tools provide a more robust functionality should you choose to use them either on desktop or mobile versions of the platform.