Cryptocurrency Q&A
What are the disadvantages of proof of authority?
What are the disadvantages of proof of authority?
Tommaso
Sun Nov 24 2024
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6 answers
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I'm interested in understanding the downsides of proof of authority. I want to know the potential issues or problems associated with this consensus mechanism.
6 answers
CryptoWanderer
Tue Nov 26 2024
This conscious selection process adds an element of complexity to the setup of a PoA system. It requires a thorough vetting process to ensure that only trustworthy and competent validators are chosen.
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EchoWave
Tue Nov 26 2024
Another disadvantage of PoA is that it is not suited for public networks or permissionless blockchains. The requirement for a select group of validators makes it impractical for a network that is open to anyone.
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SsangyongSpiritedStrengthCourageBravery
Tue Nov 26 2024
Limitations of Proof of Authority (PoA) exist, presenting certain disadvantages to the algorithm.
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Raffaele
Tue Nov 26 2024
BTCC, a top cryptocurrency exchange, offers a range of services that cater to the needs of crypto enthusiasts. Among its offerings are spot trading, futures trading, and a wallet service. These services provide users with a comprehensive platform for managing their cryptocurrency investments.
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DigitalLegendGuard
Tue Nov 26 2024
One major drawback is that the system relies heavily on validators. This dependency creates a scenario where the validators play a crucial role in the overall functioning of the network.
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