Is Mana a proof-of-stake?

MANA, unlike other Proof-of-Work (PoW) cryptocurrencies (I.e, Bitcoin, Ethereum, etc), is based on the Proof-of-Stake (PoS) consensus process, making traditional mining impossible. There are, however, alternative methods to profit from Decentraland MANA, and the platform’s other assets.

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Does Mana coin burn?

MANA is Decentraland’s fungible, ERC20 cryptocurrency token. MANA is burned, or spent, in exchange for LAND parcels . For a current summary of critical stats like total and circulating supply, please visit our MANA Token Information transparency dashboard.

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