1. Burst Network:(rebranded to Signum)
- Genesis Block: The Burst network's Genesis block was created on August 11, 2014.
- Proof of Capacity (PoC): Burst uses a unique consensus algorithm called Proof of Capacity, which leverages hard drive space for mining instead of traditional computational power.
- Decentralized File Storage: Burst incorporates a decentralized file storage system where users can store and share data using the blockchain.
- Smart Contracts: Burst has implemented smart contract capabilities, enabling the creation and execution of self-executing contracts on the network since before, Ethereum.
2. Signum Network (formerly known as Burst Dymaxion):
- Genesis Block: The Signum network emerged as a rebrand of Burst Dymaxion on March 10, 2021.
- Tangle-Based Consensus: Signum employs a tangle-based consensus algorithm inspired by the technology behind IOTA. This approach offers scalability, fast transactions, and zero fees.
- Dynamic Pegging: Signum introduces dynamic pegging, which allows users to peg their funds to various assets or currencies, providing stability and versatility.
- Atomic Cross-Chain Swaps: Signum supports atomic cross-chain swaps, enabling users to exchange assets between different blockchains securely.
Please note that this is just a brief overview, and there are many more details and features associated with both Burst and Signum networks. If you require more specific information or have any particular questions, feel free to ask! https://discord.gg/PHgW4gsS
Flopper1 / Kim Stock
npub1cd…gldur
2023-06-11 20:42:02
Author Public Key
npub1cd5lsu9yxusvecwzfesh76tpf43lht0k22d0vc4u3zexk9zy6wzsjgldurPublished at
2023-06-11 20:42:02Event JSON
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"kind": 1,
"tags": [],
"content": "1. Burst Network:(rebranded to Signum)\n\n - Genesis Block: The Burst network's Genesis block was created on August 11, 2014.\n - Proof of Capacity (PoC): Burst uses a unique consensus algorithm called Proof of Capacity, which leverages hard drive space for mining instead of traditional computational power.\n - Decentralized File Storage: Burst incorporates a decentralized file storage system where users can store and share data using the blockchain.\n - Smart Contracts: Burst has implemented smart contract capabilities, enabling the creation and execution of self-executing contracts on the network since before, Ethereum. \n\n2. Signum Network (formerly known as Burst Dymaxion):\n - Genesis Block: The Signum network emerged as a rebrand of Burst Dymaxion on March 10, 2021.\n - Tangle-Based Consensus: Signum employs a tangle-based consensus algorithm inspired by the technology behind IOTA. This approach offers scalability, fast transactions, and zero fees.\n - Dynamic Pegging: Signum introduces dynamic pegging, which allows users to peg their funds to various assets or currencies, providing stability and versatility.\n - Atomic Cross-Chain Swaps: Signum supports atomic cross-chain swaps, enabling users to exchange assets between different blockchains securely.\n\nPlease note that this is just a brief overview, and there are many more details and features associated with both Burst and Signum networks. If you require more specific information or have any particular questions, feel free to ask! https://discord.gg/PHgW4gsS",
"sig": "ab49edaf3cb496c6d0e7cd00aecdfe7169f1c2f8cb4b1cde2d8e203e27fc4b7364fbf309e58184f514f55b78c8f76379c6c5066d0e2da3b444a4193b5b51a37f"
}