Description
The POA Network, launched in 2017, is an Ethereum-based public sidechain leveraging Proof of Authority (PoA) for its consensus mechanism. It focuses on providing a fast, secure, and scalable solution for blockchain applications by using publicly identifiable validators to enhance trust and security. Key features include the BlockScout block explorer for monitoring, the TokenBridge for cross-chain asset transfers, and the POA Core network, aimed at efficient dApp development. With a current supply of approximately 295 million tokens and a recent price of $0.01936 USD, its emphasis on interconnectivity and developer support makes it a robust solution for cost-effective smart contract deployment. Despite being active on 9 markets, it recently saw no trading activity. More details are available on their official website.
The POA Network, launched in 2017, is an Ethereum-based public sidechain leveraging Proof of Authority (PoA) for its consensus mechanism. It focuses on providing a fast, secure, and scalable solution for blockchain applications by using publicly identifiable validators to enhance trust and security. Key features include the BlockScout block explorer for monitoring, the TokenBridge for cross-chain asset transfers, and the POA Core network, aimed at efficient dApp development. With a current supply of approximately 295 million tokens and a recent price of $0.01936 USD, its emphasis on interconnectivity and developer support makes it a robust solution for cost-effective smart contract deployment. Despite being active on 9 markets, it recently saw no trading activity. More details are available on their official website.
