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Test Your Knowledge
Earn 100 Diamonds for every perfect score!
Question 1:
What is the primary concept behind Proof of Burn (PoB)?
A. Miners destroy coins to gain the right to validate transactions and add blocks
B. Miners stake coins to validate transactions
C. Miners solve complex puzzles to add blocks to the blockchain
Question 2:
How does Proof of Burn (PoB) differ from Proof of Work (PoW)?
A. PoB requires miners to burn coins, while PoW requires miners to solve complex puzzles
B. PoB is more energy-intensive than PoW
C. PoB requires miners to stake coins instead of burning them
Question 3:
What happens to the coins that are burned in Proof of Burn (PoB)?
A. They are returned to the miner after a certain time
B. They are sent to a wallet with no private key and cannot be used again
C. They are converted into another cryptocurrency
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