Submit a request Sign in
 
Logo Logo
Categories
Submit a request
Sign in
Indodax Academy Blog Indodax INDODAX.COM

What is PoB (Proof of Burn)?

  1. INDODAX
  2. General
  3. Understand the Terms

browse

PoB (Proof of Burn) is a consensus mechanism in blockchain that involves deleting or burning tokens or crypto coins as proof of participation in the network.

Proof of Burn (PoB) is an alternative consensus mechanism in blockchain, which is different from Proof of Work (PoW) or Proof of Stake (PoS). In PoB, to participate in the network and validate transactions, users must burn or destroy their crypto tokens or coins.

The PoB mechanism is designed to incentivize users to participate in the network and ensure the security of the blockchain. The more tokens burned, the greater the user's contribution to the network and the greater the rewards that can be received.

    Articles in this section

  • What is Trade Display Settings?
  • What is a Pi Domain?
  • What is dKargo (DKA)?
  • What is the FIO Protocol?
  • What is Sybil Attack?
  • What are Ommer Blocks?
  • What is Movement Crypto?
  • What is Virtual Protocol Coin?
  • What is Atomic Wallet?
  • What is a Confidential Transaction?

Related articles

  • What are charts in the crypto market?
  • What is scalping trading?
  • What is Virtual Protocol Coin?
  • What is Solana Virtual Machine?
  • What is the difference between Indodax Pro & Lite?

Promoted articles

  • BCA Virtual Account Payment Guideline
  • Frequently Asked Questions (FAQ) of Alarm Price Feature

Was this article helpful?


Have more questions ? Submit a Request
×
Logo
English (United States) Bahasa Indonesia 简体中文
Indodax.com © 2022