Proof-of-Burn Explained – A Novel Way to Reach Consensus on Blockchains Proof of burn (PoB) is an innovative consensus algorithm used by some cryptocurrencies and blockchains as an alternative to proof of work and proof of stake. In proof of burn, miners prove their commitment to the network by “burning” coins – sending them to […]

Discover how proof of burn (PoB) combines proof of work (PoW) and proof of stake (PoS) in a blockchain consensus algorithm, its benefits and challenges.