Does anybody know what the upcoming update mean
Do you refer to the "Dymaxion"?
I read the white paper - still superficially - and it looks definitively interesting. It's a second layer proposal which takes ideas from Lightning, anonymous transactions, and DAGs. Also an update of the PoC algorithm is proposed. However, I'm still not completely understanding the sense of the DAG. Are Lightning Networks not "DAGs" by themselves?
This is the paper.
If this becomes true and works as expected, then Burst could become well a direct Bitcoin competitor.
What would be interesting is if there have been already steps for an implementation (if there's already code).