History of Burst

From Burstwiki
Jump to: navigation, search
History of Burst
Status UnderReviewW.png

Table of Contents

Beginning

There are several important events in the short history of Burst.

  • 2014-08-10: Official announcement on Bitcointalk.org [1]
  • 2014-08-11: Generation of the Genesis block [2]
  • 2014-08-20: First pool available [3]
  • 2014-08-22: Burst/BTC market added to the C-CEX exchange [4]
  • 2014-09-06: Burst/BTC market added to the Poloniex exchange [5]
  • 2014-09-16: Burst added to the Bittrex exchange [6][7]
  • August 2015: Original developer Burstcoin disappears [8]. The community takes over the development of Burst

Hard Forks

Several changes in the blockchain protocol introduced a hard fork, meaning non-updated clients would not accept new blocks.

  • 2014-08-17: Version 1.0.2 changes difficulty adjustments [9]
  • 2014-08-27: Version 1.0.3 protocoll changes for V2 pools [10]
  • 2014-09-17: Version 1.1.0 backend updated to NXt 1.2.8 to enable new NXT features (encrypted messaging, DGS) [11]
  • 2014-09-27: Version 1.1.3 added escrow transactions [12]
  • 2014-11-04: Version 1.1.5 update to Nxt 1.3 (added subscriptions, updated escrow) [13]
  • 2014-12-22: Version 1.2.0 added Automated Transactions (AT) [14]
  • 2015-02-06: Version 1.2.2 bugfixes for ATs [15]
  • 2015-04-20: Version 1.2.3 bugfixes for ATs and the asset exchange [16]

Burst Team

After the original developer of Burst disappeared a community quickly formed under the name Burst Team in August of 2015. Development of the wallet software continued in a fork at Github [17]. A website and a forum were created at burst-team.us.

Burstnation

Because of differences within Burst Team, several members founded Burstnation [18] by the end of 2016 (Citation Needed). The differences among both fractions of the community continued for a long time until leading Burstnation members announced their retirement from the Burst community in the aftermath of the Dymaxion release (see below).

Spam Attack and Network Forks

On July 22nd of 2017 an attacker spammed the Burst network with messages, causing wallets to crash and splitting the network into multiple forks [19]. The network remained unstable for several days. As a result the Poloniex exchange froze the coin and disabled deposits and withdrawls (Citation Needed). By August 10th the network was stable again and Poloniex reactived Burst deposits and withdrawls (Citation Needed).

Formation of the PoC Consortium

In the aftermath of the spam attack a group of Burst enthusiasts formed the Proof-of-Capacity Consortium (PoCC). The original announcement of the group was posted on the third anniversary of the Burst blockchain on August 11th of 2017[20]. Initial activities of the group included improving the wallet software and providing a reliable block explorer.

Release of the Dymaxion White Paper

On December, 27th 2017 the PoC Consortium released a white paper titled "The Burst Dymaxion" This white paper describes a proposed layer to the Burst blockchain capable of sustaining the total global load of non-cash transactions. The implementation of The Dymaxion by the PoC Consortium is ongoing.

References

  1. https://bitcointalk.org/index.php?topic=731923.0
  2. https://explore.burst.cryptoguru.org/block/3444294670862540038
  3. https://bitcointalk.org/index.php?topic=731923.msg8448276#msg8448276
  4. https://twitter.com/CryptoCurrEncyX/status/502787927647076352
  5. https://twitter.com/Poloniex/status/508398805793140736
  6. https://support.bittrex.com/hc/en-us/articles/202991514-All-things-NXT-related
  7. https://twitter.com/search?l=&q=%24burst%20bittrex%20until%3A2014-12-31&src=typd
  8. https://bitcointalk.org/index.php?action=profile;u=364787
  9. https://bitcointalk.org/index.php?topic=731923.msg8404060#msg8404060
  10. https://bitcointalk.org/index.php?topic=731923.msg8550499#msg8550499
  11. https://bitcointalk.org/index.php?topic=731923.msg8741673#msg8741673
  12. https://bitcointalk.org/index.php?topic=731923.msg8988688#msg8988688
  13. https://bitcointalk.org/index.php?topic=731923.msg9430317#msg9430317
  14. https://bitcointalk.org/index.php?topic=731923.msg9910950#msg9910950
  15. https://bitcointalk.org/index.php?topic=731923.msg10370645#msg10370645
  16. https://bitcointalk.org/index.php?topic=731923.msg11142412#msg11142412
  17. https://github.com/burst-team/burstcoin
  18. https://forums.burst-team.us/post/90277
  19. https://bitcointalk.org/index.php?topic=731923.msg20296387#msg20296387
  20. https://bitcointalk.org/index.php?topic=2080040.0