This coin is thus far the only one operating under the Proof of Capacity algorithm. While Proof of Work depends mostly upon the power of a computer's graphics card, this system instead utilizes unused hard drive space.
This has made this currency popular with those who happen to have a ton of drives laying around which they could be using to earn coins. The benefits of this being of course that it's more energy efficient than GPU mining.
From this idea, the team behind this coin has since instituted more developments in order to make it a viable currency. Their network is infinitely scalable. Transactions occur instantly, and free from any fees.
Interestingly, they've combined this with tangle, in order to allow their users even more freedom when utilizing blockchain for payments. If you're interested in making a Burst investment, then it's worth it to read up on this procedure to see how it works, we'll talk more about it in a second.
If you're looking to buy Burst, then you can do so on a number of high ranking exchanges. This coin benefited from being released during a time when it was easier to be listed in these places. Bitcoin is the highest volume trading pair available, but there's also a surprising number of fiat currency pairs that have some volume too. Investors should be able to easily create a trade using GBP, USD or EUR if they would prefer to use those.
This coin has its own chain, and that means you'll need to use the official wallet in order to store your investment properly. They have made available desktop wallet installation files for Windows, Mac, and Linux. Alternatively, they also offer a web wallet and an Android wallet, however, the iPhone wallet is still under construction at this time. Always back up your wallet files or seed phrases in order to protect your investments.