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

Weekly key data

Core wallet development statistics

– Files modified: 0 
– New insertions (+): 0 
– New deletions (-): 0 

Blockchain metrics

– Blockchain transaction volume: 22,140 / +2.7%
– Total wallets: 145,701 / +0.4% 
– Burst held in Poloniex & Bittrex: 58% / -0.7% 

Network metrics

– Estimated Network Size (weekly average): 281 PB / -17.4% 
– Public Nodes: 833 / -3.1% 

Trading metrics

– High / Low: $0.027 / $0.017 USD 
– Trade volume / change: $2,920,558 / -35% 
– Market Capitalisation/ change: $36,706,100/ -32% 
– Weekly High vs All Time High (%): 21% / -3% 

Metrics by @Koru

Development

  • When the PoC Consortium first published the Burst Dymaxion white paper, the developers announced a roadmap consisting of three hard forks that would transform Burst and make it a technologically superior cryptocurrency. The first hard fork, called the pre-Dymaxion hard fork, was designed to strengthen and maximize the potential of the Burst blockchain, by improving transactional capabilities (with Multi-Out Transactions and 4 times bigger blocks, enabling a maximum of 80 transactions per second), reducing transactional costs (with dynamic transaction fees), and ensuring the fact that the Proof-of-Capacity consensus algorithm is ungameable (with PoC2). It was decided to split it into two parts, at block heights 500,000 and 502,000.

    • On June 16th, the part two was successfully enabled, switching the consensus algorithm of Burst from PoC1 to PoC2.

    • The fact that both went great has been a very positive sign for developers. Additionally, in hindsight, it was a very good decision to separate the steps in order to prevent the network capacity to suffer too much. Current network capacity is stable at 120,000 TB. We will see how the capacity in the next days/weeks evolves. If it raises to previous 350,000 TB levels, it means miners just didn’t convert in time despite the multiple announcements. If it doesn’t reach that level again, then we probably had some people exploiting PoC1.
  • Please use the latest, hard-fork-compatible Burst softwares: BRS 2.2.1, Qbundle v2.1.0, updated miners and plotters.
  • The former cg_obup plotter has a successor named “Engraver“. It is the PoC Consortium Burstcoin reference plotter PoC2-only (The TODO in the README file may be interesting)
  • The PoC Consortium will communicate a post-502k statement this week to present its “next steps” to the community, according to rico666. Stay tuned.

Websites

Other

  • Daniel Jones, Tamara Sanchez and others have been representing Burst at various events and conferences. Read their report here.
  • What is the Dymaxion? This article on Hackernoon explains it quite well.
  • We need your input:

Conclusion

The pre-Dymaxion hard fork has went amazingly well. We can now safely affirm that we are at technological eye-level with a lot of top blockchain projects. But remember: this is only paving the way for the Dymaxion. And finally, even if the markets don’t always seem fair, the fact that Burst is becoming better everyday in all  will prevail in the long run.

Thank you and see you next week.

Tom Créance (@Gadrah)


Want your Burst-related project to appear in the Weekly Burst Report? Contact me and I can mention it in the next episode.


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