Slimcoin is an implementation of Proof-of-Burn consensus mechanism into cryptocurrency.
Per website:
Slimcoin is a novel and experimental cryptocurrency created in 2014. It is the first known coin that uses the Proof of Burn mechanism to generate blocks. Additionally, it uses Proof of Work and Proof of Stake, making it the first and unique coin with three different block generation mechanisms.
Slimcoin is the first implementation of POB, in real life, as a consensus mechanism. It makes it quite unique, and main selling point.
Users can control supply of coins, because of burning feature, and earn rewards from it.
Also current development is focusing on creating use-case for a cryptocurrency for usage of it in real life scenarios, using existing tools, quoting website:
Since version 0.5, Slimcoin has a built-in blockchain website publishing service which lets you publish websites or blogs in a decentralized way without hosting nor domains. Simply publish your content as a torrent and let the Slimcoin blockchain be your version manager!
For more information, please refer to our website:
Slimcoin Community