What is POA Network?
POA Network is an Ethereum-based, autonomous public network with Proof of Authority (PoA) consensus, secured by a group of independent and trusted validators. POA is helping to build a public network for smart contracts that combines speed, security, and cost efficiency. It also develops products and tools to improve interoperability, infrastructure and transparency throughout the ecosystem. • The team develops products and tools to improve interoperability, infrastructure and transparency throughout the ecosystem. • POA’s consensus mechanism determines and records all governance decisions through exclusive distributed applications (DApps) • The POA native coin is an ERC20 token for use on the Ethereum mainnet, and used for transactions and fees on the network Cross-chain TokenBridge solutions provide interoperability and scalability, facilitating seamless asset transfers between Ethereum-based networks Boasting advantages like known validators, on-chain randomness and a true POA consensus mechanism that’s unusual in the public blockchain, POA Network makes smart contract execution faster and cheaper.
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