Crypto Education - Proof of Authority Explained | Animation | Cryptomatics
In this video, we will explain what Proof of Authority is, what benefits and downsides it has, and if it can be used in a decentralized manner.
Proof of Authority (PoA) represents a consensus algorithm that is based on reputation, creating a practical and efficient solution for blockchain networks, especially when it comes to private ones.The main form of leverage in PoA is none other than a user’s identity, meaning that a block validator isn’t staking coins, but their very own reputation. This means that PoA blockchains are secured by the validating notes that are randomly chosen to serve as trustworthy entities.
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🔥CryptoRobin 👉 / @cryptorobineng
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- Chapters -
0:00 Intro
0:23 What is Proof of History?
1:18 What Benefits Does Proof of Authority Have?
2:30 What Downsides Does Proof of Authority Have??
3:43 Can It Be Used In A Decentralized Manner?
4:20 Conclusion
5:00 Outro
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⛓️ 🔗 Useful Links 🔗⛓️
►www.coinhouse.com/learn/what-...
►academy.binance.com/en/articl...
►www.investopedia.com/terms/p/...
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#ProofOfAuthority #PoA #Animation #Cryptomatics #Blockchain #Crypto #CryptoEducation #Cryptocurrency
im learning so much frm ur channel.. keep up the good work
Glad to hear it
Nice explanation, neat and to the point
Thanks, happy to know it was helpful
Is bitgert(Brise) using proof of authority?
Yes, the Bitgert blockchain uses Proof of Authority
Security level: LOL.
Hahahah! That's my thought too. I don't get this POA at all.
It's like a parliamentary system. It is bound to get corrupt.
I’d say proof of authority is used better on decentralized blockchain