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Proof of Authority (PoA)

By iov42 | 3 July 2022

Proof of Authority is a type of high performance, low energy consensus mechanism where the transactions are validated by approved nodes. In contrast to public Distributed Ledger Technologies, the nodes are known and need to earn and maintain the right to be validators. Thus, PoA incentivises validators to stake their reputation rather than computing power or cryptocurrencies. The computing power PoA consensus requires is drastically lower than PoS and PoW.

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