Browsing Concept: Proof of Burn

A consensus mechanism in which proof that coins were “burned” (destroyed) is used as a proof of value.

One publication found under Proof of Burn
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...