Browsing Concept: PoB

Abbreviation for Proof of Burn, where cryptocurrencies are burned to make them more scarce.

One publication found under PoB
Proof of Burn (PoB) Summary [Cryptocurrency consensus mechanisms]
In the Proof of Burn (PoB) consensus mechanism, miners earn the right to mint the next block by burning some value in the blockchain. All proof systems are based on the princip...