Article Summary, Automatically Generated By AI
Summary of POA Network
- Platform: Ethereum-based
- Consensus mechanism: Proof of Autonomy
- Validators: Pre-selected, public identity
- Benefits: Flexibility, scalability, interoperability
- Features: Allows organizations to build own networks with own validators and deploy DApps
Introducing POA Network: A Beacon of Innovation
The POA Network is an Ethereum-based platform that provides an open-source framework for the development and deployment of smart contracts. As an Ethereum sidechain, it employs a unique consensus mechanism known as Proof of Autonomy, which relies on a carefully selected group of validators to ensure the network’s security. Notably, the identities of these validators will be publicly disclosed.
Its purported benefits lie in the flexibility to develop in accordance with Ethereum standards, thereby leveraging the advantages of scalability and interoperability within blockchain networks.
The POA Network will empower organizations to establish their own bespoke networks, complete with their own validators and developers, thereby facilitating the seamless deployment of decentralized applications (DApps).