What is’s Story

Site created on November 29, 2021

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Journal entry by What Is GIBX POB

Proof-of-burn (PoB) is a blockchain consensus mechanism with minimal energy consumption, compared to proof-of-work (PoW). Decentralized platforms employing the PoB method ensure miners reach a consensus by burning coins. Burning is the process of permanently eliminating cryptos from circulation

 

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