PoB (Proof of Burn)

PoB stands for 'Proof of Burn'. This is a method to invest in a new cryptocurrency by destroying coins of an existing one, which has been given the term 'Burning' in the crypto world. This is done by sending coins to a special, unusable address. That's usually the only way to destroy coins within a blockchain. This method can also be used when a coin gets a relaunch with a new team and a new coin.