11 Articles 0 Followers
31 Mar 2025 4 minute read 0 comments chimzycash
This is one consensus algorithm that operates differently compared to the two most popular types of blockchain consensus algorithms. Like the name says, proof of burn is about burning coins which consists of sending coins (burning) to addresses that...
20 Jul 2023 5 minute read 0 comments CryptoManiaks
There’s lots of jargon in the world of crypto, and one of the phrases you often hear is related to people “burning tokens”. But what does it mean to burn crypto? As dramatic as it sounds, you can probably guess that there’s actually no fire involved...
31 Oct 2022 2 minute read 0 comments AX17
In the crypto world we often see negative words attached to the markets, like: mlm, schemes, ponzi, pyramids and why not, the word scam is often being used. Perhaps because is a free world and more people have an access to the internet, wording ideas...
16 Jan 2022 4 minute read 4 comments Notum DeFi App
What stands behind the concept? When a token is sent to a wallet address that isn’t used for the purpose, and it disappears from circulation — a token burning process is happening. That unusable address is called a burn address or “eater address” —...
25 Dec 2021 3 minute read 1 comment kev_nag
Introduction: Why Proof of Burn (PoB)? Looking at Proof of Work (PoW), well, we all know it provides a high degree of decentralization, but at the same time PoW displays high degrees of inefficiencies. Proof of Stake (PoS) consensus mechanisms are go...
14 Aug 2021 4 minute read 2 comments MintDice.com
There are so many cryptocurrencies out there in the world that no matter how much you learn, there will always be new ones to learn about. Not to mention that some cryptocurrencies, although they may be great projects, are quickly overshadowed by pl...
7 Aug 2021 5 minute read 0 comments MintDice.com
Understanding the cryptocurrency world is no easy feat. Especially because cryptocurrency is built on a new type of technology that not many people understand known as a blockchain. Blockchains use something known as a consensus method to function....
23 Jun 2020 1 minute read 0 comments ☑️0🆇D̺͈͙͕̿ͧ̑ͣ🅰🆅🅸🅳eͤ
The PⱤØØ₣ Ø₣ ฿ɄⱤ₦ invented by Iain Stewart has been repeatedly proposed as an alternative to the Proof Of Work.It resembles the Proof of Work algorithm but with less energy consumption. The process of validating blocks within PoB-based networks does...
28 Apr 2019 3 minute read 4 comments fycee
Brace yourselves and check this Banano Blockchain Explorer called Creeper Banano. This will show everyone a transparent proof that this Crypto was burned or destroyed. A total of 300,000,000 Banano amounting to $522,000 or 99.00 BTC burned and can be...
8 Jun 2021 2 minute read 32 comments estrenoscinehoy.com
Hey mates! Today we are going to talk about the Proof of Burn consensus algorithm. In my previous post I was talking about the Proof of Work consensus algorithm and why is really important in blockchains. So we are going to continue on this point. T...
