Blockchain & Cryptocurrency Glossary

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PoB

1 min read
Pronunciation
[pee-oh-bee or pob]
Definition
Abbreviation for Proof-of-Burn. A consensus mechanism where participants destroy cryptocurrency to earn the right to mine or validate blocks.
Key Points

Involves sending coins to an unspendable address.

Demonstrates commitment by sacrificing value.

See 'Proof-of-Burn' for full details.

Related Terms
Proof-of-Burn
Consensus

PoB - Related Articles

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