POA Network (POA)
An Public Permissioned Blockchain Based On Ethereum.- 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.