Burst BURST to ICON ICX Exchange

Crypto Pair Details: BURST to ICX

Burst BURST

Burst is an open-source decentralized platform that connects people, companies, and financial institutions. It allows you to move value – according to your own rules – within a scalable, green and customizable ledger. The special proof of capacity method means “you just have to plug in your drive, plot it, and leave your computer mining and earning you coins periodically. The more space you allocate to mining, the higher the reward.” The mining will not hurt your hard drive or cause a noticeable change in your electricity bill. If you ever decide to stop mining, you can delete the information that Burstcoin plots onto the hard drive and use the space for its originally intended purpose. It also offers several other decentralized features such as asset trading and crowdfunding. You can sell digital goods in a peer-to-peer marketplace or even auction off your items. With all of the transactions you engage in on the Burst network, there’s the option of attaching messages as well. An anonymous user introduced Burstcoin on bitcointalk.org in 2014. The coin was developed off of the Nxt platform and thus offers many of the same features. Following in the footsteps of Satoshi Nakamoto, the Burstcoin creator never revealed his identity. After the creator disappeared, the cryptocurrency community organized to continue developing the coin. A team called the Proof of Capacity Consortium is currently developing Burstcoin. Burstcoin is not just famous for its proof of capacity mining. It was the first blockchain to implement “Turing complete” smart contracts. The most famous application of the smart contracts was a completely decentralized lottery. Estimates towards the end of 2017 calculated for each terabyte of hard drive space you commit to the network, you would mine an average of 21 Burstcoins per week. At the time, there were over 150,000 terabytes of storage devoted to the network. Estimates towards the end of 2017 calculated for each terabyte of hard drive space you commit to the network, you would mine an average of 21 Burstcoins per week. At the time, there were over 150,000 terabytes of storage devoted to the network. The online Burstcoin wallet will also walk you through how to start plotting your hard drive so that you can begin mining right away. Burst is designed to be a miner-friendly coin to ensure decentralization of the blockchain. With Bitcoin receiving criticism over wasted energy, Burst offers a more environmentally friendly way to mine and run a decentralized blockchain. If you are looking to mine cryptocurrency but were intimidated by the loud and expensive machines, you might want to check out proof of capacity and consider mining Burstcoin. Or if you simply want a fairly distributed decentralized cryptocurrency with an active development team, then keep your eye on Burstcoin.

ICON ICX

ICON is a blockchain technology and network framework designed to allow independent blockchains to interact with each other. ICON is supported through a cryptocurrency token, called ICX. ICON is a South Korean-based company that developed a blockchain technology and accompanying cryptocurrency token called ICX. The company bills itself as an interconnected blockchain network, allowing participants in a decentralized system to “converge” at a central point. This is done by connecting a community to other communities through ICON Republic and Citizen Nodes. While blockchains are most commonly associated with cryptocurrencies, enthusiasts point out other areas where the technology can be applied. Any exchange of information can technically be added to a blockchain, though adding some types may not be cost-effective. Transactions involving securities, currencies, business contracts, deeds and loans, intellectual property, and personal identification could be “tokenized. ICON’s blockchain is more like the Plasma or Ontology blockchain in that its purpose is to act as an intermediary between other blockchains and networks. This interconnectability makes the ICON project worth keeping an eye on over the next decade. ICON sports its very own decentralized exchange. This DEX sets currency reserves for each blockchain community so that ICON communities can exchange value in real time through the ICON Republic. In this way, DEX complements C-Rep portals by establishing another gateway for ICON Communities to connect to the ICON Republic.

SOURCE: COINGECKO

instantcryptocurrencyexchange Statistics

Instant Cryptocurrency Exchange Platform