Forex Zone - Forex Forum

Burst Coin

Discussion started on Coins & Tokens

  • Full Member
  • Posts: 152
  • Points: 1010
  • Likes Received: 30
  • Reputation: +0/-0
looks like it's not finished yet, it's true for the purpose of getting my device money too low.  I better stop mining this, time is really too long with low devices.  give me a taste of the specs of a good device for mining.
#196 - April 01, 2021, 03:19:16 AM

Administrator
  • Hero Member
  • Posts: 4759
  • Points: 34661
  • Likes Received: 4856
  • Reputation: +220/-14
Burst coin has increased 300% since my post on March 29 when it was still 8-9 Satoshis! Burst is still near the floor price and I still expect a big increase in price from this point.

Some recent updates:


  • The Burst Reference Software (BRS) has been updated to 3.0.0 ahead of the April 24 Signum hardfork.
  • Phoenix wallet has been updated to version 1.1.0-beta.2 and now is set up for the new POC+ method.

#197 - April 08, 2021, 01:57:33 PM

  • Full Member
  • Posts: 101
  • Points: 21
  • Likes Received: 24
  • Reputation: +0/-0
Burst has been around 17 Satoshis for a few days. 
 

  • There was a recent high around 24 Satoshis 
  • Recent posts coming from Twitter are calling for 200 Satoshis (this is not intended to be take as advice)


A few observations with the recent BRS V 3.0.0 upgrade

  • The Marketplace disappeared from the Classic Wallet
  • Crowdfunding disappeared from the Classic Wallet



It will be interesting to see what comes next...
#198 - April 14, 2021, 09:51:49 AM

Administrator
  • Hero Member
  • Posts: 4759
  • Points: 34661
  • Likes Received: 4856
  • Reputation: +220/-14
Burst coin has fell back down to around 19 Satoshis again. In my opinion, this is another great buying opportunity. As a reminder to everyone, the Signum hard fork goes into affect in less than 2 weeks. See me previous posts for details.

Recent Updates:


  • BTDEX has had more improvements. Version 0.4.4 has been released.
  • Phoenix wallet has been updated again to version 1.1.0-beta.3
  • Extra NDS-A rewards are being sent out just for updating to BRS 3.0

#199 - April 14, 2021, 10:54:21 PM

  • Full Member
  • Posts: 101
  • Points: 21
  • Likes Received: 24
  • Reputation: +0/-0
Thanks for the update!

Some say "Buy the Dip" & I'm partial to the homemade spicy guacomole I make.

At one time Burst was just under 1000 Sats.  That was around the time I hit up BTC for over 21K... 

A little history on the 2017 21k+ BTC...
The scenario played out like this.  I was playing with an early version of a p2p platform that I'll refer to as Version 1 (V.1).  It went through an upgrade to Version 2 (V.2) giving it a great deal more functionality & this is when BTC began/was beginning it's climb to an ATH back in 2017, which was really cool at the time.  Version 3 (V.3) was eventually rolled out and that's when the dip to an under 2k BTC ocurred, which bit & bit hard!

It's really cool to see Platforms & Blockchains go through upgrades and I like to see that Burst is one currently doing just that...
#200 - April 15, 2021, 09:14:06 AM
« Last Edit: April 15, 2021, 09:16:10 AM by Cica »

  • Full Member
  • Posts: 101
  • Points: 21
  • Likes Received: 24
  • Reputation: +0/-0

USDx Burst Token

The purpose of the USDx Burst Token is parity with USD, some might view it like a Stable Coin.  
Attached below is a .png of the USDx Burst Token displaying the last transaction 
& the live chart on the Burst Explorer is linked above.  


The USDx Burst Token provides a quick glance at approximatley how many Burst are required to equal 1 USD.


  • When USDx was released the Burst required to equal 1 USD was 155.
  • At Block 868118, which recorded the first transaction the number of Burst to equal 1 USD was 125.
  • At Block 872517 the number of Burst required to equal 1 USD was 80. 

The lower the number of Burst required to equal 1 USD the better, that means the value of Burst is rising...
#201 - April 16, 2021, 07:26:40 AM
Attachments:

Administrator
  • Hero Member
  • Posts: 4759
  • Points: 34661
  • Likes Received: 4856
  • Reputation: +220/-14
BTDEX v0.4.5 has been released. Now Burst can be traded with BNB, BCH, and BSV.

The Signum hard fork is only days away!
#202 - April 19, 2021, 08:22:37 PM

  • Full Member
  • Posts: 101
  • Points: 21
  • Likes Received: 24
  • Reputation: +0/-0
Burst is currently at an ask of 26 Satoshis and right now it takes a little under 70 Burst to equal 1 usd.

  • How would you feel if 1 Burst was at approximate parity with 1 usd?


Just curious...


Burst is not intended to be a Stable Coin. 



The USDx Token was created for more than 1 reason.

  • A 2nd reason is P2P lending, an aspect of DeFi, where 1 USDx is in exact parity with 1 USD.
#203 - April 22, 2021, 08:08:42 AM
« Last Edit: April 25, 2021, 12:11:29 PM by Cica »

  • Newbie
  • Posts: 15
  • Points: 114
  • Likes Received: 13
  • Reputation: +0/-0
Added a cool infographic i stumbled on a while back .
#204 - April 22, 2021, 09:36:23 PM
Attachments:

Administrator
  • Hero Member
  • Posts: 4759
  • Points: 34661
  • Likes Received: 4856
  • Reputation: +220/-14
The Burst hardfork called "Signum" was successfully completed earlier today. 

BTDEX has also been updated to version 0.4.7
#205 - April 24, 2021, 04:28:42 PM

  • Full Member
  • Posts: 101
  • Points: 21
  • Likes Received: 24
  • Reputation: +0/-0
https://signum.network

Any idea on a timeline for the completion of the site?
#206 - April 25, 2021, 11:44:49 AM
Attachments:
« Last Edit: April 26, 2021, 09:29:05 AM by Cica »

Administrator
  • Hero Member
  • Posts: 4759
  • Points: 34661
  • Likes Received: 4856
  • Reputation: +220/-14
https://signum.network

Any idea on a timeline for the completion of the site?
Burst developer John Jos said in a recent interview to keep an eye on Burst within the next 2 weeks because some very exciting things are about to happen. I think this new website is one of them.
#207 - April 28, 2021, 01:32:07 PM

  • Full Member
  • Posts: 101
  • Points: 21
  • Likes Received: 24
  • Reputation: +0/-0
Thanks for the update on https://signum.network...  it is appreciated!

Question...  Is anyone else picking up TRT on BTDEX.TRADE

  • Getting a cut of DEX trade transaction fees seems interesting.


A detailed explanation on "Commitment" as it relates to the Classic Wallet, Phoenix Wallet, and BTDEX Mining would be helpful.

  • Are there  links to somewhere that explains how "Committment" works for each?

Questions...

  • Does locking up Burst in "Commitment" within Phoenix or BTDEX generate some type of return?
  • Is it necessary to set up Mining to make a "Commitment"?
  • How long does the "Commitment" last before the "Committed" Burst is returned?

POC+ "The Commitment" Explained

#208 - April 29, 2021, 10:03:49 AM
« Last Edit: April 29, 2021, 12:15:31 PM by Cica »

Administrator
  • Hero Member
  • Posts: 4759
  • Points: 34661
  • Likes Received: 4856
  • Reputation: +220/-14


Does locking up Burst in "Commitment" within Phoenix or BTDEX generate some type of return?
No, the commitment itself doesn't generate returns. It's not entirely like proof of stake or delegated proof of stake. The commitment in tandem with mining is what generates the returns.





Is it necessary to set up Mining to make a "Commitment"?
No, you can still mine without any Burst being committed. However, if you want to actually mine and earn Burst in an economical way, you will need to commit some Burst. 





How long does the "Commitment" last before the "Committed" Burst is returned?
The committed Burst will remain committed until you uncommit them from within your wallet.




#209 - April 29, 2021, 12:39:27 PM

Global Moderator
  • Newbie
  • Posts: 38
  • Points: 2147
  • Likes Received: 16
  • Reputation: +3/-0
Getting a cut of DEX trade transaction fees seems interesting.
Yes, and it works. But I think TRT is only awarded for limit orders that someone else accepts. If you are the taker then no TRT are awarded. Its still an interesting concept and should help BTDEX adoption. 
#210 - April 29, 2021, 08:24:33 PM

Members:

0 Members and 1 Guest are viewing this topic.