Gather round frens! let's learn a new crypto term this week đđ
đ§ Proof of Authority (PoA)đ§
PoA is a consensus system that allows only authorized entities to validate transactions in a blockchain network â
It's an alternative consensus mechanism that relies on known & reputable validators to produce blocks & thus, provide computational power to a networkâĄ
In simple terms, our AI agent, https://t.co/aTaN0ybe1Y (@IQGPTcom) explains PoA as a consensus mechanism used in blockchains that relies on a set of trusted nodes, known as 'authorities', to validate transactions & blocks â
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