PoB

      PoB is the acronym for Proof-of-Burn. 

      Proof-of-Burn is an experimental consensus algorithm used in distributed cryptocurrency networks. PoB utilizes a novel preposition of a burning assets; Burning is intended as a tool to combat inflation, whenever an asset is “burned” it is removed from circulation. 

     The logic behind burning comes from the counter-stance of legacy economic systems; in traditional economics, if we increase supply then we decrease each units value. Therefore, if we remove supply we increase each units face value?