1H
-0.15%$0.0000
24H
-0.17%$0.0000
7D
-13.2%$0.0000
30D
0.89%$0.0000
Proof-of-Burn is a consensus algorithm that uses the burning of coins to create value. This guide will explore what Proof-of-Burn is, how it works, and its advantages over other consensus algorithms such as proof of work.
In this guide, we will focus on utility NFTs, delving into what they are, how they work, what types of utility NFTs can be divided, and what are the examples of existing utility NFTs.