Proof-of-Burn (PoB)
Definition of what Proof-of-Burn (PoB) stands for (in finance):
A consensus mechanism that requires participants to destroy tokens as proof of investment in the network.
More Term Definitions
- Committee On Uniform Securities Identification Procedures (CUSIP) Definition
- Proof-of-Concept (PoC) Definition
- Non-Fungible Token (NFT) Definition
- Wisdom Of Crowds (WoC) Definition
- Agent Definition
