<_body> Blockchain Consensus: Proof of Burn

Proof of Burn

Proof of Burn enables consensus by having users burn coins in a transaction to show proof that a significant amount of coins have been spent, proving the user has "skin in the game" before they can participate in the block validation process. It's an elegant way to achieve consensus without relying on PoW.

What is Proof of Burn?

Users send coins to an unspendable address to burn them, proving they have invested in the network. Miners are rewarded proportionally to coins burned, enabling fair consensus through ownership of coins burned—no hardware needed.

How Proof of Burn Works

Burning Proof of Burn