Assignment on proof of burn (PoB) @alphafx

Proof-of-burn (PoB) is a blockchain consensus mechanism with minimal energy consumption, compared to proof-of-work (PoW). Burning is the process of permanently eliminating cryptos from circulation. Although the practice reduces inflation, PoB-powered blockchains use it to validate transactions. How many coins a miner burns demonstrates his virtual mining power. Therefore, the more coins, the higher the power and vice versa. Note that just like in PoW systems, higher mining power improves the speed of finding new blocks. Consequently, the miner earns more rewards. @alphafx https://steemit.com/trending/alphafx-s2week5