Burni – Proof-of-Burn Ethereum NFTs
Show HN: Burni – Proof-of-Burn Ethereum NFTs
Burni – Proof-of-Burn Ethereum NFTs is a business in show hn launch.
Profile
Most of the blockchain-based digital collectibles have a valuation based on their rarity, attributes, or connection to a particular brand.Burni was created to inherit a valuation via proof-of-burn (see proof-of-burn: https://en.bitcoin.it/wiki/Proof_of_burn).The way it works, is fungible ERC-20 tokens are destroyed, or burnt up in the forging of new ERC-721 non-fungible tokens. Each token can set an IPFS content identifier multihash a single time, connecting the token to real-world assets and peer-to-peer distributed content. (see: Why IPFS?: https://youtu.be/zE_WSLbqqvo)A distributed pseudorandom genesis hash is calculated as:sha3(join([CONTRACT_ADDRESS, TOKEN_ID, MINT_BLOCK_HASH+1, MINT_BL
Its activity falls under show hn launch; the profile below is assembled from public directory data.
The company is listed at the Show HN launch stage of development.
| Sector | Show HN launch |
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| Stage | Show HN launch |
Website: en.bitcoin.it/wiki/Proof_of_burn).The
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