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Author Topic: What is Proof of Burn.  (Read 2477 times)

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Offline tdumdiuTopic starter

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What is Proof of Burn.
« on: April 01, 2014, 11:42:51 AM »

Can someone explain me
1. What is Proof of Burn.
2. What is the difference between Proof of Burn and Proof of Work.
3. How Proof of burn works
4. Which virtual currency uses Proof of burn technology instead of Proof of Work


Pls can someone explain me these things in a understandable manner? I can't understand anything in the Wiki article ( newbielink:https://en.bitcoin.it/wiki/Proof_of_burn [nonactive]). I'm in struggle understanding the Proof of Burn. Highly appreciate if someone can explain this to me.


Thanks.
« Last Edit: April 01, 2014, 02:18:20 PM by tdumdiu »


 

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