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I m confused why would burn your proof of work coin? Proof of work is slow energy ineficient, does it changes that?

• em3rgent0rdr 9y ago
  > "why would burn your proof of work coin?" You burn your coin to prove that you endured some cost. Why do you have to prove that you endured some cost? So there is a cost to mining. Why does there need to be a cost to mining? To disincentivize dishonest mining. > "Proof of work is slow energy ineficient, does it changes that?" While it doesn't change the proof of work, it does allow that wasted money to be shared by multiple proof-of-burn chains. Remember, it is not the individual coins which are energy inefficient, it is mining which is energy inefficient. There isn't a limit to the number of coins which can be stored in a block, though, so there isn't really a large energy cost of an individual coin.