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- Decoding Proof-of-Authority
Decoding Proof-of-Authority
Practical Applications of PoA Consensus on Private Networks
The Consensus
Proof of Authority
Ever heard of Proof-of-Authority (PoA)? It's like the VIP section of blockchain networks, where reputation is the key to entry. Proposed by Ethereum co-founder Gavin Wood in 2017, PoA emerged as a solution to the scalability issues haunting Proof-of-Stake (PoS) and the energy consumption concerns of Proof-of-Work (PoW). PoA offers a fresh take on consensus mechanisms, particularly tailored for closed, private networks seeking enhanced security and performance.
The Impact
A Story of Validation
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