Proof-of-Burn (PoB)

DeFi

Proof-of-Burn (PoB) is a way for blockchains to work together more efficiently. It involves destroying a cryptocurrency by sending it to an address where it can't be spent. This shows that the person has spent resources, helping to secure the new blockchain.

Definition: Proof-of-Burn (PoB) is a way for blockchains to work together more efficiently. It involves destroying a cryptocurrency by sending it to an address where it can't be spent. This shows that the person has spent resources, helping to secure the new blockchain.

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