Cryptocurrency Q&A
What is the meaning of POA in Crypto?
What is the meaning of POA in Crypto?
Paolo
Sun Nov 24 2024
|
5 answers
1168
I'm trying to understand the meaning of the term 'POA' in the context of cryptocurrencies. I've seen it mentioned a few times, but I'm not entirely sure what it stands for or represents in this domain.
5 answers
SamuraiBrave
Tue Nov 26 2024
These validators, also referred to as "authorities," are carefully chosen and their identities are subject to verification procedures.
Was this helpful?
324
22
CryptoEnthusiast
Tue Nov 26 2024
The selection of validators ensures that only trusted and reliable entities participate in the consensus process.
Was this helpful?
111
76
QuasarPulse
Tue Nov 26 2024
Proof of Authority (PoA) serves as a consensus mechanism specifically tailored for permissioned blockchain networks.
Was this helpful?
278
67
KatanaGlory
Tue Nov 26 2024
BTCC, a prominent cryptocurrency exchange, offers a range of services including spot trading, futures trading, and wallet solutions.
Was this helpful?
262
86
BlockchainLegendary
Tue Nov 26 2024
Within a PoA network, the process of block creation and transaction validation is handled by a predefined set of validators.
Was this helpful?
193
96
