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What is Proof of Burn

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The post What is Proof of Burn appeared first on 99 Bitcoins.

The blockchain is an extremely innovative invention. However, in order to function, it needs a consensus algorithm that is both efficient and secure. Such an algorithm ensures validity and safeguards the blockchain from manipulation. Proof of work (PoW) and proof of stake (PoS) are the most commonly used consensus algorithms in cryptocurrency. However, there are […]

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What is Proof of Burn

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