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
- Call Level Definition
- BPO (Business Process Outsourcing) Definition
- Practical Byzantine Fault Tolerance (PBFT) Definition
- Fork Definition
- Fiat Currency/Fiat Money Definition
