Proof of Authority: Difference between revisions
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(Created page with " * see: POA Network Category:Cryptoledger Applications") |
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* see: [[POA Network]] | |||
=Description= | |||
Blockchain for Good: | |||
"Proof of Authority is a consensus algorithm that designates a small, identified number of actors within a blockchain network with the power to validate transactions and update the registry. This consensus algorithm is often implemented on private or consortium blockchains. The interest for these actors, often banks, is to gain auditability and thus reduce and optimize the costs related to their coordination." | |||
(https://medium.com/@Blockchain4Good/how-can-digital-voting-enhance-citizens-participation-the-case-of-vocdoni-in-catalonia-4ac723dc3a4?) | |||
[[Category:Crypto Governance]] | |||
[[Category:Cryptoledger Applications]] | [[Category:Cryptoledger Applications]] | ||
[[Category:Cryptoledger_Applications]] | |||
Latest revision as of 21:41, 2 October 2025
- see: POA Network
Description
Blockchain for Good:
"Proof of Authority is a consensus algorithm that designates a small, identified number of actors within a blockchain network with the power to validate transactions and update the registry. This consensus algorithm is often implemented on private or consortium blockchains. The interest for these actors, often banks, is to gain auditability and thus reduce and optimize the costs related to their coordination."