For any of you unfamiliar with this coin - BURST is the only cryptocurrency based on PoC (proof of capacity) which instead of power hungry GPUs or ASICs for PoW uses HDD disk space for its consensus algorithm. Conceptually it's one of the most advanced cryptocurrencies which implemented smart contracts way back in 2014! See this wiki page form more info about BURSTs features.
Despite a good start the coin began to suffer some major drawbacks in the last years. Original developers stopped coding, the community split with one part called BurstNation run by a really shady character, DDoS attacks occur regulary on community websites and the blockchain it self.
The future looked bleak but today we got this announcement on bitcointalk.org:
We - the PoC Consortium - are a group of highly skilled and well funded individuals. Investors, executives, entrepreneurs, developers, admins, designers and college students. We came to lead BURST to its rightful place among other cryptocurrencies and we believe that place is nowhere else than upwards of where BURST is today and upwards of where it will be tomorrow.
read more here
Their github repository seems quite active compared to the upstream repo. I hope this is legit and BURST development will kickoff again. This would be great news for all the coins users and the miners which invested in petabytes of storage and have no PoC alternative.