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
- Marketplace Lending Definition
- Bootstrapping Definition
- Special Purpose Acquisition Company (SPAC) Definition
- Financial Market Supervisory Authority (FINMA) Definition
- Elliptic Curve Digital Signature Algorithm (ECDSA) Definition

