An Public Permissioned Blockchain Based On Ethereum.
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POA (Proof-of-Authority) Network is an autonomous network secured by a group of trusted validators. All validators on the network are notaries certified under applicable law of the United States; each validator has an equal weight in the block production.
A validator is not required to hold a stake in the network, but required to have his identity verified. By staking this identity to secure the network in exchange for the block rewards, a validator is dis-incentivised from acting maliciously or colluding with other validators. With on-chain governance in place, malicious actors can be removed and replaced.
The POA Decentralized Autonomous Organization (DAO) began with a trusted ceremony. The Master of Ceremonies distributed 12 keys to the initial 12 validators. These initial validators were all licensed US Public Notaries (this is a requirement for all POA Network validators). All validator information is public and available for cross-reference through the Validators DApp. The POA token (POA) is used for interaction with applications and services in the ecosystem to pay for fees.
The project also develops products and tools to improve interoperability, infrastructure and transparency throughout the ecosystem, including BlockScout, an open-source explorer, TokenBridge, a multi-chain asset transfer solution, and the xDai Network, a stable coin based network.