POA Blockchain In India
Proof of Authority (PoA) in Blockchain
In this series covering various consensus mechanisms, today, we’ll reap Proof of Authority (PoA) in blockchain technology. And how does it improvise the proof of stake (PoS) mechanism? We’ll also go through the working of PoA and the significant pros and cons of this algorithm.
In broader ways, blockchain networks divide into 2 categories–Permissionless (Eg. Bitcoin, Ethereum, etc.) and Permissioned (Hyperledger, Ripple, Corda, etc.).
