"proof of burn" meaning in English

{
  "forms": [
    {
      "form": "proofs of burn",
      "tags": [
        "plural"
      ]
    }
  ],
  "head_templates": [
    {
      "args": {
        "1": "proofs of burn"
      },
      "expansion": "proof of burn (plural proofs of burn)",
      "name": "en-noun"
    }
  ],
  "lang": "English",
  "lang_code": "en",
  "pos": "noun",
  "senses": [
    {
      "categories": [
        {
          "kind": "other",
          "name": "English entries with incorrect language header",
          "parents": [
            "Entries with incorrect language header",
            "Entry maintenance"
          ],
          "source": "w"
        },
        {
          "kind": "topical",
          "langcode": "en",
          "name": "Cryptocurrency",
          "orig": "en:Cryptocurrency",
          "parents": [
            "Cryptography",
            "Currency",
            "Technology",
            "Computer science",
            "Formal sciences",
            "Mathematics",
            "Money",
            "All topics",
            "Computing",
            "Sciences",
            "Business",
            "Fundamental",
            "Economics",
            "Society",
            "Social sciences"
          ],
          "source": "w"
        }
      ],
      "examples": [
        {
          "ref": "2015, David Lee Kuo Chuen, Handbook of Digital Currency: Bitcoin, Innovation, Financial Instruments, and Big Data, Academic Press, page 47",
          "text": "Proof of burn is used to destroy (burn) coins. To burn bitcoins means to send those bitcoins to a verifiable yet nonspendable address.",
          "type": "quotation"
        },
        {
          "ref": "2017, David Lee Kuo Chuen, Robert H. Deng, editors, Handbook of Blockchain, Digital Finance, and Inclusion, volume 1, Academic Press, page 151",
          "text": "The third approach to ensure the integrity of a blockchain is proof of burn, first used by Counterparty. The Counterparty tokens, XCP, were distributed proportionally to everyone who destroyed bitcoins by sending them to an unrecoverable address during the proof-of-burn period in January 2014, see counterparty.io.",
          "type": "quotation"
        }
      ],
      "glosses": [
        "A process for verification on a blockchain that requires the destruction (“burning”) of tokens."
      ],
      "id": "en-proof_of_burn-en-noun-wBYOU61P",
      "links": [
        [
          "cryptocurrencies",
          "cryptocurrency"
        ],
        [
          "blockchain",
          "blockchain"
        ],
        [
          "token",
          "token"
        ]
      ],
      "raw_glosses": [
        "(cryptocurrencies) A process for verification on a blockchain that requires the destruction (“burning”) of tokens."
      ],
      "topics": [
        "business",
        "cryptocurrencies",
        "cryptocurrency",
        "finance"
      ]
    }
  ],
  "word": "proof of burn"
}

{
  "forms": [
    {
      "form": "proofs of burn",
      "tags": [
        "plural"
      ]
    }
  ],
  "head_templates": [
    {
      "args": {
        "1": "proofs of burn"
      },
      "expansion": "proof of burn (plural proofs of burn)",
      "name": "en-noun"
    }
  ],
  "lang": "English",
  "lang_code": "en",
  "pos": "noun",
  "senses": [
    {
      "categories": [
        "English countable nouns",
        "English entries with incorrect language header",
        "English lemmas",
        "English multiword terms",
        "English nouns",
        "English terms with quotations",
        "en:Cryptocurrency"
      ],
      "examples": [
        {
          "ref": "2015, David Lee Kuo Chuen, Handbook of Digital Currency: Bitcoin, Innovation, Financial Instruments, and Big Data, Academic Press, page 47",
          "text": "Proof of burn is used to destroy (burn) coins. To burn bitcoins means to send those bitcoins to a verifiable yet nonspendable address.",
          "type": "quotation"
        },
        {
          "ref": "2017, David Lee Kuo Chuen, Robert H. Deng, editors, Handbook of Blockchain, Digital Finance, and Inclusion, volume 1, Academic Press, page 151",
          "text": "The third approach to ensure the integrity of a blockchain is proof of burn, first used by Counterparty. The Counterparty tokens, XCP, were distributed proportionally to everyone who destroyed bitcoins by sending them to an unrecoverable address during the proof-of-burn period in January 2014, see counterparty.io.",
          "type": "quotation"
        }
      ],
      "glosses": [
        "A process for verification on a blockchain that requires the destruction (“burning”) of tokens."
      ],
      "links": [
        [
          "cryptocurrencies",
          "cryptocurrency"
        ],
        [
          "blockchain",
          "blockchain"
        ],
        [
          "token",
          "token"
        ]
      ],
      "raw_glosses": [
        "(cryptocurrencies) A process for verification on a blockchain that requires the destruction (“burning”) of tokens."
      ],
      "topics": [
        "business",
        "cryptocurrencies",
        "cryptocurrency",
        "finance"
      ]
    }
  ],
  "word": "proof of burn"
}