There are several consensus mechanisms being developed and one of these is called Proof-of-Burn (PoB).
The more coins a user burns, the chance of his getting selected for mining next time increases accordingly.
Proof of burn can be executed in various ways.
For instance, the coin burned might be that of the local cryptocurrency or that of an alternative cryptocurrency.
Much like with Bitcoin and the need to put resources into progressively ground-breaking mining as time passes by, you’ll need to burn more coins after some time so as to keep up your chances of being chosen for mining the following block.
While most public addresses are produced from a private key, and the private key holder at that point approaches any coins sent to that address, an eater address is an arbitrarily created location that isn’t related with a private key.
