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

PoCC development statistics (public repositories)

– Files modified: 49 
– New insertions (+): 1,926 
– New deletions (-): 637 

Note: this solely indicates the GitHub activity on already released projects. It doesn’t reflect the work the PoCC puts into its private repositories.

Blockchain metrics

– Blockchain transaction volume: 9,469/ -4.4% 
– Total wallets: 148,103 / +0.1% 
– Burst held in Poloniex & Bittrex: 57.5% / -0.4% 

Network metrics

– Estimated Network Size (weekly average): 264 PB / -0.8% 
– Public Nodes: 369 / -8.0% 

Trading metrics

– High / Low: $0.09 / $0.007 USD 
– Trade volume / change: $543,514 / -8.6% 
– Market Capitalisation/ change: $17,622,188/ +5.85% 
– Weekly High vs All Time High (%): 7% / -2.1% 

Metrics by @Koru

Development

  • The BIG news of the week (actually, the biggest one since the last hard fork): the PoC Consortium published the new concept of Tethered Assets. The full mechanism of Tethered Assets have been introduced with CIPs (Burst Capability Improvement Proposals) 8 to 11.
    • What is a Tethered Asset? In short, it is a new class of asset with guaranteed value, relative to existing “real-world” currencies and commodities. Tethered Assets will allow for a fiat-coupled decentralized exchange within Burst, and to transfer fiat value through the blockchain. For a full grasp of this concept, we highly recommend reading through the CIPs 8 to 11, and the “We Propose a Pre-Dymaxion HF2” article on the Burstcoinist.
    • As explained in the article, the PoC Consortium proposes to make a second pre-dymaxion hard fork to implement CIPs 8-11. The aim is to better anchor blockchain in the “real economy”, before scaling Burst even more.


  • CIPs 8-11 were not the only ones to be published. We also have CIPs 12, 13 and 14.
    • CIP 12 describes the Burstcoin File System (“BFS”), a file system optimized for Burstcoin.
    • CIP13 describes the usage of the cheap, standard and priority fees – how and why there are fee suggestions.
    • CIP 14 describes the interaction between a point of sale (PoS) system (or other software) and a Burst mobile wallet.
  • We explained it already in Weekly Report #46 but many people are still wondering: why is there such a drop in the number of public nodes since the release of the latest BRS 2.2.2 wallet version? PoC Consortium developer rico666 explained: “BRS 2.2.2 is called “Stabilizator”, because these nodes are capable of delivering correctly signed blocks where BRS 2.2.1 (and everything before that) aren’t. This means, BRS 2.2.2 can pull the network/blockchain, but it also means that people who haven’t updated to 2.2.2 get blacklisted by other peers when they e.g. deliver a wrongly signed block that contains a transaction that e.g. has leading/trailing whitespace in some attached comment. The blacklisted nodes are more likely to get excluded from the net/fork, get stuck or whatever.”
    • Moral of the story: everyone, please update to BRS 2.2.2 if you have not already. Qbundle one-click upgrade is available for Windows users.
  • Don’t forget: the Summer of dApps contest is still going on! This big community challenge is your chance to win burstcoins and a portable Burst node/miner.

Websites

Other

  • Blockchain NW – the Seattle blockchain summit – returns! And our beloved community members Nixops and Tamara Sanchez will proudly represent Burst there once again. With a dedicated panel!
  • “Funding Development” – Both Sides of That Coin. A post on rewarding developers by PoC Consortium member rico666.
  • Burst and games: win a mario kart or street fighter tournament and receive 500 burst.
  • Harvey Harddrive is back! Reddit user u/burstcoinisgreener made a comeback with our favorite mascot: “Finding solace“.

Conclusion

This has been a very important week. Unveiling the new concept of Tethered Assets was the first step towards a second Pre-Dymaxion hard fork. Overall, the community has been very positive and curious about the announcement, as you can see by the high number of comments on the reddit thread. More information will come in time, so stay informed.

Thank you and see you next week.

Tom Créance (@Gadrah)


Disclaimer: The Burstcoinist does not endorse and does not take responsibility for any project mentioned in a Weekly Burst Report.

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


Also published on Medium.

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