Proof-of-Burn (PoB) is a blockchain consensus mechanism that aims to enhance energy efficiency when bootstrapping one blockchain to another. It achieves this by verifying that a coin has incurred a cost through the process of “burning,” which involves sending it to an address where it becomes unspendable.
Monthly Archives: December 2023
Proof-of-Burn is a concept aimed at establishing a mechanism to deter deceitful transactions within a blockchain network, while simultaneously enhancing the overall effectiveness and operation of the blockchain.
Proof-of-Developer (PoD) is a verification method that offers substantial evidence of the existence of a genuine and active software developer who has developed a cryptocurrency. The primary purpose of implementing PoD is to safeguard against the possibility of an anonymous developer absconding with any funds that have been raised.
Pump and Dump (P&D) Scheme refers to a fraudulent practice where the price of a cryptocurrency is artificially inflated through the use of deceptive and misleading positive statements.
Proof-of-Immutability (PoIM) allows the blockchain to store data in a decentralized and verifiably unchangeable way, without the need to distribute the data across nodes.
Proof-of-Donation is a term used to describe the incorporation of charitable contributions into the operational aspects of a blockchain.
A Public Blockchain is a type of blockchain that is accessible to anyone.
Proof-of-Stake (PoS) is a blockchain consensus mechanism that works alongside Proof-of-Work to uphold the integrity of the blockchain.
Proof-of-Spacetime (PoSt) refers to the ability to provide assurance that a specific quantity of storage space is being utilized.
A QR Code is a graphical black-and-white pattern that encodes information into a machine-readable label.