blockchain is known as Proof-of-Donation. 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Them?","featured_image_id":11359,"status":"published","chapter_id":7,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-an-airdrop","featured_image":{"id":11359,"uuid":"7b43c968-1275-4d3e-acb1-1707a43a4014","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/what-is-an-airdrop-featured-image.jpg","path":"crypto/storage/optimized/what-is-an-airdrop-featured-image.jpg","original_path":"crypto/storage/original/what-is-an-airdrop-featured-image.jpg","name":"what-is-an-airdrop-featured-image.jpg","original_name":"what-is-an-airdrop-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"66.05KB"},"youtube_video":null},{"slug":"how-to-get-free-crypto","title":"How to Get Free Crypto Assets?","featured_image_id":6542,"status":"published","chapter_id":7,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-get-free-crypto","featured_image":{"id":6542,"uuid":"4fceb9ab-391e-4ef9-b00d-c871a49878a3","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-get-free-crypto.o.jpg","path":"crypto/storage/media/how-to-get-free-crypto.o.jpg","original_path":"crypto/storage/media/how-to-get-free-crypto.jpg","name":"how-to-get-free-crypto.o.jpg","original_name":"how-to-get-free-crypto.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"93.93KB"},"youtube_video":null},{"slug":"how-to-arbitrage-crypto","title":"What is Crypto Arbitrage: The Main Principles","featured_image_id":null,"status":"published","chapter_id":7,"language":"en","order":6,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-arbitrage-crypto","featured_image":null,"youtube_video":null},{"slug":"what-is-fud","title":"What is FUD: How to Use It to Your Advantage While Investing in Crypto?","featured_image_id":11394,"status":"published","chapter_id":7,"language":"en","order":7,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-fud","featured_image":{"id":11394,"uuid":"defd32c5-d3e1-4e66-9f58-e2ee316bad3a","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/what-is-fud-featured-image.jpg","path":"crypto/storage/optimized/what-is-fud-featured-image.jpg","original_path":"crypto/storage/original/what-is-fud-featured-image.jpg","name":"what-is-fud-featured-image.jpg","original_name":"what-is-fud-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"65.30KB"},"youtube_video":null},{"slug":"investing-in-cryptocurrency","title":"Investing in Cryptocurrency: How to Manage Your 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Crypto?","featured_image_id":6532,"status":"published","chapter_id":7,"language":"en","order":9,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-a-rug-pull-in-crypto","featured_image":{"id":6532,"uuid":"be8043fb-078c-4487-9af9-d2d9c2b574ea","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-a-rug-pull-in-crypto.o.jpg","path":"crypto/storage/media/what-is-a-rug-pull-in-crypto.o.jpg","original_path":"crypto/storage/media/what-is-a-rug-pull-in-crypto.jpg","name":"what-is-a-rug-pull-in-crypto.o.jpg","original_name":"what-is-a-rug-pull-in-crypto.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"92.28KB"},"youtube_video":null},{"slug":"how-to-avoid-rug-pulls-in-crypto","title":"How to Spot and Avoid Rug Pulls?","featured_image_id":6555,"status":"published","chapter_id":7,"language":"en","order":10,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-avoid-rug-pulls-in-crypto","featured_image":{"id":6555,"uuid":"80cbed9d-3b4b-45d9-9a85-d2d8108c0f32","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-avoid-rug-pulls.o.jpg","path":"crypto/storage/media/how-to-avoid-rug-pulls.o.jpg","original_path":"crypto/storage/media/how-to-avoid-rug-pulls.jpg","name":"how-to-avoid-rug-pulls.o.jpg","original_name":"how-to-avoid-rug-pulls.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"111.99KB"},"youtube_video":null},{"slug":"how-to-avoid-crypto-taxes","title":"The Key Legal Techniques of Avoiding Crypto Taxes","featured_image_id":6526,"status":"published","chapter_id":7,"language":"en","order":11,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-avoid-crypto-taxes","featured_image":{"id":6526,"uuid":"1e44162c-ef1d-4010-81b4-9e8d1809aedf","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-avoid-crypto-taxes.o.jpg","path":"crypto/storage/media/how-to-avoid-crypto-taxes.o.jpg","original_path":"crypto/storage/media/how-to-avoid-crypto-taxes.jpg","name":"how-to-avoid-crypto-taxes.o.jpg","original_name":"how-to-avoid-crypto-taxes.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"99.10KB"},"youtube_video":null}]},{"id":8,"title":"Crypto Analysis","slug":"crypto-analysis","updated":null,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-analysis.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-analysis-101.jpg","rating":100,"sections":[{"slug":"what-is-bullish-and-bearish","title":"Bearish and Bullish Markets: Do They Matter?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":1,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-bullish-and-bearish","featured_image":null,"youtube_video":null},{"slug":"best-technical-analysis-indicators-for-crypto","title":"5 Best Crypto Technical Analysis Indicators You Must Know About","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":2,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/best-technical-analysis-indicators-for-crypto","featured_image":null,"youtube_video":null},{"slug":"what-is-candlesticks","title":"Technical Analysis: What are Candlesticks, Trendlines, and Patterns?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":3,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-candlesticks","featured_image":null,"youtube_video":null},{"slug":"how-to-track-new-crypto-coins","title":"Crypto Tracking: How to Track Your Favorite Coins & Tokens?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-track-new-crypto-coins","featured_image":null,"youtube_video":null},{"slug":"how-to-research-crypto","title":"Crypto Research Fundamentals & Social Signals: Your Daily Trading Strategy","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-research-crypto","featured_image":null,"youtube_video":null}]},{"id":9,"title":"Mining","slug":"mining","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-mining.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-mining-101.jpg","rating":80,"sections":[]},{"id":10,"title":"Crypto Terms","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/crypto-101-glossary.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-glossary-101.jpg","rating":100,"sections":["A","B","C","D","E","F","G","H","I","J","K","L","M","N","O","P","Q","R","S","T","U","V","W","X","Y","Z"]}],"nextSection":{"id":1009,"original_id":null,"author_id":42,"translator_id":null,"title":"What is Passive Management?","slug":"what-is-passive-management","section":"P","keyword":"Passive Management","status":"published","definition":"an investment strategy that tracks an existing economic index rather than relying on active market exposure.","content":"<p>Passive management, also known as <strong>indexing</strong>, is an investing method. It isn't dependent on active exposure. It rather aims to <strong>mimic a market index.</strong> <strong><a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-sandp-500-standard-and-poors-500/">The S&amp;P 500 index</a> </strong>is an example of an index that passive management could mimic. With passive management, there are no attempts to profit from market inefficiencies as it is with active portfolio management. Thus, passive management doesn&rsquo;t rely on subjective human judgments.</p>\n<p>The basic premise of passive management is that <strong>humans cannot really outperform the market.</strong> Instead, they should &ldquo;go with the flow&rdquo; of the market. This concept also correlates with <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-efficient-market-hypothesis-emh/">the efficient-market hypothesis (EMH)</strong></a>. The theory states that current market prices reflect all available data. Thus, it implies that, in the long term, humans cannot outsmart the market.</p>\n<p>The primary benefits of passive management include <strong>cheaper fees and operating costs.</strong> In addition to that, it decreases investing risks. A passive management strategy usually constructs a long-term portfolio. The main task of such a portfolio is to track the performance of a stock market index. <strong>Mutual and <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-exchange-traded-fund-etf/">exchange-traded funds (ETF)</a> </strong>are common examples of investment funds that employ this method.</p>\n<p>Thus, a much larger market performance affects the success of passive management. Market performance is usually measured with a certain index. Basically, this implies that, when it comes to asset selection, <strong>human error isn't a problem with passive management. </strong>Besides, due to their reduced expenses, passive portfolio management solutions usually outperform active management.</p>","level":"easy","meta_title":"What is Passive Management? Definition & Meaning | Crypto Wiki","meta_description":"Passive Management meaning: Passive Management - an investment strategy that tracks an existing economic index rather than relying on active market exposure.","meta_keywords":null,"language":"en","created_at":"2022-05-20T08:06:40.000000Z","updated_at":"2022-06-07T11:49:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-passive-management"},"prevSection":{"id":941,"original_id":null,"author_id":43,"translator_id":null,"title":"What is Protocol Layer?","slug":"what-is-protocol-layer","section":"P","keyword":"Protocol Layer","status":"published","definition":"is a foundational layer within the blockchain network.","content":"<p><strong>A Protocol Layer</strong> is a key component of the blockchain network. It&rsquo;s a type of layer that acts as a foundation for the entire <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-network/">network. Developers can also utilize it within their blockchain networks. For example, in order to create transactions or develop <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-smart-contract/">smart contracts</strong></a> that operate by their established rules.</p>\n<p>There are many layers within the blockchain. Below are a few examples:</p>\n<p><a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-application-layer/">Application Layer</strong></a>. This layer focuses on the interactions with the user. For example, Metamask, Ethereum Wallet, or any other <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-are-decentralized-applications-dapps/">dApps within a specific blockchain.&nbsp;</p>\n<p><strong>Contract Layer</strong>. The key element within this layer is smart contract protocols. For example, Ethereum&rsquo;s Solidity or Neo&rsquo;s Neo Contract. These smart contracts facilitate processes like the state change while also completing transactions.</p>\n<p>Protocol Layer. This layer calls attention to the public ledger. Specifically, how to create a way for new transactions to be added to it. Additionally, the protocol layer defines ways for new nodes to join an existing blockchain and then sync with it.&nbsp;</p>\n<p>Moreover, <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-consensus-mechanism/">consensus algorithms</strong></a> such as <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-proof-of-work-pow/">Proof-of-Work (PoW)</strong></a> are stored within the protocol layer. This algorithm makes it possible for each and every network participant to come to an agreement regarding the type of information and time it is to be added.</p>\n<p>Consensus algorithms have a variety of uses such as making sure that every transaction is legitimate. Also, consensus algorithms like Proof-of-Work (PoW) prevent <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-double-spending/">double-spending by making it so the attackers need control over half of the computing power throughout the network. Thus making it an expensive venture for cybercriminals.&nbsp;</p>\n<p>Let&rsquo;s have a look at Bitcoin in order to understand this term better. The Proof-of-Work consensus algorithm is used by one of the most popular cryptocurrencies.&nbsp;</p>\n<p><strong>What does Proof-of-Work do?</strong> Its most basic function is to allow anyone who has the necessary computing power to add blocks of transactions to the blockchain.&nbsp;</p>\n<p>The protocol layer outlines the basic requirements for creating and adding new blocks and transactions to the blockchain.</p>\n<p>Additionally, it has a mechanism that enables network participants to reach a consensus in regards to which transactions are legitimate and what orders they should go in.</p>\n<p>Besides, the type of information that can be added to the blockchain is determined by the protocol layer. The key rule is that all network participants must reach a consensus in regards to what information can be added as well as what order it should be added.</p>\n<p>There is a wide range of rules within the protocol layer in regards to:</p>\n<ul>\n<li>Taking a certain value from one address and transferring it to another address;</li>\n<li>Tracking and recording transactions within a public ledger;</li>\n<li>The mining process;</li>\n<li>Creating new blocks;</li>\n<li>Adding new nodes.</li>\n</ul>","level":"medium","meta_title":"What is Protocol Layer? Definition & Meaning | Crypto Wiki","meta_description":"Protocol Layer meaning: Protocol Layer - is a foundational layer within the blockchain network.","meta_keywords":null,"language":"en","created_at":"2022-04-12T13:30:12.000000Z","updated_at":"2022-05-13T14:32:24.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-protocol-layer"},"currentChapter":"P","currentSection":"what-is-proof-of-donation","chapterTitle":"P","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-is-proof-of-donation","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">
Handbook Cover Page
Crypto Terms: Letter P

What is Proof-of-Donation?

Proof-of-Donation MEANING:
Proof-of-Donation - is the inclusion of charitable donations into the functionality of a blockchain.
Easy
1 minute

Let's find out Proof-of-Donation meaning, definition in crypto, what is Proof-of-Donation, and all other detailed facts.

The incorporation of charity donations into the operation of a blockchain is known as Proof-of-Donation. Typically, this refers to the routing of cash toward a philanthropic goal, which is established by a smart contract and activated with each transaction.

The charitable donation can be given to a wallet owned by a charity or a separate fund in which funds are controlled by a DAO or other party.

For instance, Hermez Network uses Proof-of-Donation, so administrators compete for the privilege to execute transaction volumes using the HEX token. 40% of each winning bid is given to Gitcoin to finance Ethereum public goods, 30% is burnt, and another 30% is reassigned to the network.

As a result, Proof-of-Donation is a variant of the original Proof-of-Burn that focuses on bringing clarity and stability to the blockchain transfer paradigm. Since blockchain activities scale due to systematic reassignment of funds, charity gifts also scale and contribute to the network's long-term development.

Besides, since charitable contributions are frequently tax-deductible, taxpayers must provide documentation of the transaction in the shape of an official dated receipt from the recipient organization or some other legal documentation of the transaction.
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