Proof of Burn: Would You Support It If @Binance Released It?
Binance is known for pushing the boundaries of blockchain innovation. Imagine if they introduced a Proof of Burn (PoB) mechanism. Much like Proof of Staking (PoS), PoB would allow users to lock tokens in a similar way, but instead of earning new tokens, participants would burn them, permanently removing them from circulation. This could have deflationary effects and incentivize network security in a new way. Would you support Binance launching PoB as an alternative to staking? Share your thoughts on how this could shape the future of blockchain!
In my opinion this would change crypto industry for ever!
What is your opinion about Proof of Burn? Would you use it to help burn tokens?