Koinos to launch its free-to-use blockchain mainnet
Layer-1 decentralized blockchain Koinos is set to launch its mainnet on Nov. 5. It will be a free-to-use platform based on a proof-of-burn (PoB) consensus algorithm, built to deliver more efficiency and access to developers in Web3. Formed by a group of blockchain veterans behind the Steem blockchain and steemit.com, the platform was built without […]
Buyback-and-burn: What does it mean in crypto?
Miners can burn virtual currency tokens using the proof-of-burn (PoB) consensus mechanism. Proof-of-burn is one of several consensus mechanisms blockchain networks use to verify that all participating nodes agree on the blockchain network’s genuine and legitimate state. A consensus mechanism is a collection of protocols that use several validators to agree on the validity of […]