Proof-of-Burn (PoB) Definition

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

• Accelerator
• Binance Coin (BNB) Definition
• Bot Definition
• Delegated Proof-of-Stake (DPoS) Definition
• Whitelabel Banking Definition