proof of burn
proof of burn noun: a process for verification on a blockchain that requires the destruction (“burning”) of tokens.
Noun
proof of burn (plural proofs of burn)
- A process for verification on a blockchain that requires the destruction (“burning”) of tokens.
- Proof of burn is used to destroy (burn) coins. To burn bitcoins means to send those bitcoins to a verifiable yet nonspendable address.2015, David Lee Kuo Chuen, Handbook of Digital Currency: Bitcoin, Innovation, Financial Instruments, and Big Data, Academic Press, →ISBN, page 47
- The third approach to ensure the integrity of a blockchain is proof of burn, first used by Counterparty. The Counterparty tokens, XCP, were distributed proportionally to everyone who destroyed bitcoins by sending them to an unrecoverable address during the proof-of-burn period in January 2014, see...2017, David Lee Kuo Chuen, Robert H. Deng, editors, Handbook of Blockchain, Digital Finance, and Inclusion, volume 1, Academic Press, →ISBN, page 151
Forms of proof of burn
| plural | proofs of burn |
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Questions about proof of burn
- What does proof of burn mean?
- Proof of burn means a process for verification on a blockchain that requires the destruction (“burning”) of tokens.
- What part of speech is proof of burn?
- Proof of burn is a noun.
- What is the plural of proof of burn?
- The plural of proof of burn is proofs of burn.
Words near proof of burn in the dictionary
Source and license
Adapted from Wiktionary: proof of burn (page history and authors). Text available under the Creative Commons Attribution-ShareAlike 4.0 license. Word.ws reformatted the entry and added links. Wiktionary data of 2026-09-02.
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