Burst BURST to Wanchain WAN Exchange

Crypto Pair Details: BURST to WAN

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.

Wanchain WAN

Wanchain seeks to link the present to the future, through the exploration and implementation of blockchain technology. Wanchain aims to build a distributed “bank”. Just as traditional banks are the infrastructure of the current financial framework, Wanchain seeks to build a new, distributed infrastructure of digital assets to form an improved, modern framework - an ambitious goal indeed. Wanchain connects and exchanges value between different blockchain ledgers in a distributed manner. It uses the latest cryptographic theories to build a non-proprietary cross-chain protocol and a distributed ledger that records both cross-chain and intra-chain transactions. Any blockchain network, whether a public, private or consortium chain, can integrate with Wanchain to establish connections between different ledgers and perform low cost inter-ledger asset transfers. The Wanchain ledger supports not only smart contracts, but also token exchange privacy protection. With Wanchain, any institution or individual can set up their own virtual teller window in the “bank” and provide services such as loan origination, asset exchanges, credit payments and transaction settlements based on digital assets. Under the guarantee of “banks” based on the blockchain infrastructure, more people can participate in financial services based on digital assets. To describe it more accurately, Wanchain is a distributed super-financial market based on blockchain. Wanchain uses the Locked Account Generation Scheme to secure funds and keys when there are multiple parties involved. Based on Shamir’s Secret Sharing Scheme, it effectively breaks up a key into shares and distributes it to all included participants. The Storemen are responsible for maintaining and managing the appropriate key shares of the locked accounts for transactions. This method of key share distribution has a few benefits. Because Wanchain generates locked accounts through multi-party computations, there’s increased decentralization. And there’s more stability because you don’t need every key share to produce a signature for a locked account. If some of the Validators are offline, transactions can still be executed with a minimum number of shares. Finally, any transaction with a locked account is done via the original chain. This means that any chain can easily integrate and interact with Wanchain without the need for new transaction types or validators. The Wanchain Foundation is a non-profit organization primarily operating out of Singapore but also has a significant presence in Austin, TX. Wanchain was founded by Jack Lu, a respected player in the blockchain space. Before his current role, Lu co-founded Factom and started Wanglu Tech, a blockchain application development company. Wanglu Tech has been a primary contributor to the open-source Wanchain project. Dustin Byington serves as the Wanchain President. Byington is a blockchain veteran having founded Bitcoin College in 2014 as well as co-founding Tendermint, a software mechanism to securely and consistently replicate applications across machines. Byington also co-founded Satoshi Talent, a platform to connect blockchain entrepreneurs with developers. WAN tokens were initially distributed as ERC-20 tokens to ICO participants, but it’s now possible to exchange these for tokens on the Wanchain mainnet or buy them directly. It’s a common misconception that WAN is an ERC-20 coin. Wanchain is a pioneering and potentially disruptive project with its sights set on becoming a super financial market of the world. Although achieving its lofty goal(s) is going to require a lot more work, Wanchain is further along its roadmap than some projects. But there’s still a good bit of “in theory” going on here. As Wanchain is addressing the whole financial market, it has a number of competitors. Most notably Fusion, Pantos, Ark, and Qash; some may even consider big players the likes of Ripple, Stellar and Ethereum competitors. On the positive side, Wanchain has strong fundamentals, they’ve got a functional mainnet, the vitality of their use case is indisputable, the huge interest in their ICO showed a powerful vein of investor confidence, and the team has a track record of success.

SOURCE: COINGECKO

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