Proof-of-Burn (PoB)

Infrastructure

Proof-of-Burn (PoB) is a method used in some cryptocurrencies where validators prove their commitment by permanently destroying (or "burning") a certain amount of their coins or tokens. This process helps determine who gets to validate transactions and create new blocks on the blockchain.

Definition: Proof-of-Burn (PoB) is a method used in some cryptocurrencies where validators prove their commitment by permanently destroying (or "burning") a certain amount of their coins or tokens. This process helps determine who gets to validate transactions and create new blocks on the blockchain.