Poa Network is a public sidechain based on the Ethereum protocol. The blockchain will feature the Proof-of-Authority algorithm, which does not depend on the nodes solving mathematical problems, but instead uses a set of "authorities", pre-selected validators that will be able to seal the blocks and secure the network. The validators identity will be public enabling any third party to check their identity.
The Poa Network will allow organizations to build their own networks with their own validators and developers to deploy DApps.
Jerome Powell, the Chair of the Federal Reserve Banks has encouraged commercial banks to use a blockchain based inter-bank lending… read more
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