Cardano (ADA) will bring Proof-of-Burn protocol

Charles Hoskinson urged the developers of the Cardano project to create an application to burn ADA coins. 

It is very common for Charles Hoskinson, founder of Cardano, to get trolled by the users, mostly on twitter. But it is Chasles Hoskinson who always takes care about the quality, trust & security of the Cardano project and always gives response to all their critics. This time they talked about the huge supply of ADA coins.

Many users in the past criticized Charles Hoskinson for the ADA’s huge supply. Now in a latest video stream he talked about it. 

Charles shows a concept of ADA coin burning concept by sharing the screen of own computer. And he pointed to two parts of the coin burning mechanism “Proof-of-Burn protocol“.

1) Generating an unspendable cryptocurrency address to which crypto coins are sent and thus destroyed

 2) A mechanism that checks that this address is actually unspendable.

Charles urged the Cardano’s devs, who are learning to make application on Cardano, to create this protocol, so that they can burn some ADA coins. 

As we can see that Charles have concept to make the burn protocol for ADA coin, then surely they will bring in use also, may be it can take huge but have full surety to come.

But one thing in the stream happens that shows the anger of Charles Hoskinson against the critics. Charles said that if anyone again asks for the huge supply and burn of ADA coin then surely they will give that person an unspendable ADA coin address to contribute to the burning of ADA coin.

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