SATOZ

Satozhi (SATOZ) is a cryptocurrency that operates on the principle of Proof-of-Burn (PoB), a unique consensus mechanism where miners must “burn” or permanently destroy a portion of the tokens to mine new blocks. This process ensures that the creation of new tokens is directly tied to the deliberate reduction of some existing tokens, aiming to control inflation and increase scarcity.

Launched as the worlds first PoB currency, Satozhi promotes energy efficiency and sustainability in blockchain mining by eliminating the need for high computational power required by traditional mining methods. Instead, it relies on the economic cost of burning tokens to secure network operations.

Satozhi's innovative approach not only addresses environmental concerns associated with cryptocurrency mining but also aims to create a deflationary economic model that could potentially increase token value over time. This makes Satozhi an intriguing project for those interested in alternative mining technologies and economic strategies in the crypto space.