Proof-of-Burn
DeFiProof-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.