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
- Sourcing Definition
- Banking-as-a-Service (BaaS) Definition
- Merchant Service Charge (MSC) Definition
- Alternative Credit Scoring
- Asymmetric Encryption
