In the age of digital networks, payment systems have been transformed by the development of digital financial technology, with paper money gradually transforming into cashless payments, such as credit cards and third-party payments, which can be made with the swipe of a finger.
Cryptographers and innovators have been trying to come up with a secure, decentralized and viable digital currency. None succeeded until Satoshi Nakamoto released Bitcoin.
Burstcoin's mining method uses a POC (Pool of capacity), which takes up the hard disk space of the miner and stores the pre-generated "hash functions" in the hard disk.
Cryptocurrencies have emerged over time, and although they are not yet popular for everyday payments, they have become a new investment favorite in recent years, with even Tesla's founder Elon Musk endorsing them.
Since its launch some ten years ago, blockchain technology has proven to be a great invention. Since then, it has driven several inventions that have had a lasting impact on humanity. Some notable examples are the Internet of Things (IoT) and smart contracts.
