CRYPTOCURRENCY BURST MAKES SMART CONTRACTS A REALITY, WHAT HAPPENED TO ETHEREUM?

One of the promising applications of the block chain technology are smart contracts. Different startups have been working on launching smart contracts, like Ethereum, but it would appear that a small crypto startup has beaten everyone else to it.
BURST has issued the first coin that enables you to create smart contracts straight out from the wallet. The coin uses a Proof of Capacity. BURST uses fewer resources as it only reads from your hard drive once per block and does not use power hungry graphic cards while mining.
BURST claims to be ASIC proof, an aspect that would encourage home miners to mine for the network without needing any specialized mining equipment. Currently, the largest pool mines less than 2% of the total blocks, something that BURST improves on by making it profitable both for large scale miners and individuals using their computers.

This post was published at Crypto Coins News on January 27, 2015.