RE: Proof of Burn (PoB) : A Preferred Alternative
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Now I am confused with the term Burn. The tokens are not actually destroyed just transferred to an unreachable account? When you say unreachable does this mean the keys were deleted?
How does one trust the keys were truly deleted?
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No, these accounts are publicly verifiable but inaccessible but are randomized and don't have private keys
That is pretty cool. What a concept. Do you believe when I have heard talk of burning tokens I thought they were destroyed?
At the risk of sounding like a moron imagine an action-adventure movie based on the heist of a cryptocurrency burn account.