Proof of Burn (PoB) is a consensus mechanism used to validate transactions and secure a blockchain network. It involves users “burning” coins by sending them to an address where they cannot be retrieved, effectively removing them from circulation.The principle behind PoB is that by destroying coins, users demonstrate their commitment to the network. This act of burning can earn them the right to create new blocks and receive rewards, similar to mining. The amount of coins burned can influence the chances of being selected to validate transactions.PoB aims to reduce the energy consumption associated with traditional mining processes, making it a more environmentally friendly option. It also provides a method for users to participate in the network without the need for expensive hardware.Overall, Proof of Burn promotes a sense of investment and loyalty among users while contributing to the security and functionality of the blockchain.