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Proof-of-Burn (PoB)
Crypto GlossaryA blockchain consensus mechanism aiming to bootstrap one blockchain to another with increased energy efficiency, by verifying that a cost was incurred in “burning” a coin by sending it to an What Is Proof-of-Burn (PoB)?Proof-of-burn (PoB)…
Proof-of-Burn
Crypto GlossaryProof-of-burn is an attempt at creating a system that can prevent fraudulent transactions on a blockchain and can also improve the overall efficiency and functioning of the blockchain.What Is Proof-of-Burn?Some blockchain systems use proof-of-work…