BURST · An open monetary protocol
A currency with personal income built in.
Time spent caring, learning or looking for work may bring in no money. BURST explores an income that gives people more room to make those choices.
Participants can vote on how much income people receive and how long circulating money lasts. Try both settings to see what they change.
Read the introductionIncome and currency lifetime
Try both slidersIncome for each verified person. Zero stops new income.
How long TRST can circulate before it expires.
What makes this work?
The currency needs people willing to use it. The software alone cannot give it purchasing power.
Why would anyone accept this money?
Because they expect to be able to spend it themselves. That takes people offering useful goods and services in exchange. BURST creates its own currency, not dollars or euros; it cannot guarantee prices or that the income will cover someone's needs.
Understand the economics →How does personal income become a payment?
Spend 5 BRN of personal income, and those units are used up to create 5 TRST for someone else to accept. They can then pass that money on. Keeping them separate lets unused income wait while circulating money has a lifetime and a traceable history. Money from a fraudulent identity can become invalid, even after an honest person receives it.
How the two balances work →What stops someone claiming several incomes?
A wallet alone doesn't qualify. Participants must be verified as unique people, using endorsements and checks by randomly selected eligible volunteers. Otherwise, extra accounts could mean extra incomes and votes. Decisions can be challenged.
How verification works →Who decides the income rate?
Participants can vote to change supported rules, including the income rate and currency lifetime. They can also stop new income. These choices affect everyone, so they aren't left permanently with the developer.
Voting and temporary bootstrap powers →Explore the design or try the code.
Still in development. Some mechanisms are restricted to experimental networks. Current limits