Proof of Authority (PoA)

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Revision as of 13:34, 26 April 2022 by Define (talk | contribs) (Created page with "A consensus mechanism where validators are required to demonstrate possession of a certain amount or type of stake before being allowed into nodes on the network for verifying transactions; it's been implemented by various blockchain networks including POA Networks (based on Ethereum), and Oyster Pearl (based on IOTA Tangle): to name a few. == Sources: == https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary Categor...")
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A consensus mechanism where validators are required to demonstrate possession of a certain amount or type of stake before being allowed into nodes on the network for verifying transactions; it's been implemented by various blockchain networks including POA Networks (based on Ethereum), and Oyster Pearl (based on IOTA Tangle): to name a few.

Sources:

https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary