Proof-of-Burn

DeFi

Proof-of-burn is a method used in some cryptocurrencies where users "burn" or destroy their coins to prove their commitment to the network. This process helps prevent fraud and can make the blockchain work better.

Definition
Proof-of-burn is a method used in some cryptocurrencies where users "burn" or destroy their coins to prove their commitment to the network. This process helps prevent fraud and can make the blockchain work better.

Top tokens on polygon

  • USDT0
    USDT0USDT0
    $1.00$46.49M
  • USDC
    USDCUSD Coin
    $1.00$44.48M
  • USDC
    USDCUSD Coin (PoS)
    $1.00$33.61M
  • DAI
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    $1.00$29.10M
  • WPOL
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    $0.12$22.03M
  • LGNS
    LGNSLonginus
    $1.19$12.83M
  • WETH
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    $2.47K$7.81M
  • WBTC
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    $79.21K$3.49M
  • sLGNS
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    $1.13$1.82M
  • LINK
    LINKChainLink Token
    $11.54$1.51M