Proof of Burn (PoB) is a particular consensus protocol in which miners gain the power to mine a block by “burning” a portion of the tokens they have in their possession. That is, the mining capacity is given to the miner who spends a part of his money for the right to mine a block and claim his reward.

LThe creation and launch of the first cryptocurrency, Bitcoin, along with its underlying technology, the blockchain, have opened up endless possibilities and new technologies in crypto and financial ecosystems. One of these new technologies in development is the