POA Network is created as a general application blockchain. i.e., what can be done on Ethereum network, can also be done on POA Network.
What is POA Network (POA)?
POA Network is an open Ethereum sidechain with Proof of Authority consensus, reached by independent validators. It is an Ethereum-based public network with PoA consensus, which makes Smart Contract execution faster and cheaper. POA Network is created as a general application blockchain. I.e., what can be made on Ethereum network, can also be done on POA Network.
POA Network (POA): History
The project declared on Silicon Valley Ethereum Meetup in April 2017. First validators joined the waitlist. In May 2017 NotaryCoin renamed to Oracles Network. Igor won Consensus 2017 Hackathon with Ceremony DApp.The network began on the testnet with 12 independent validators in August. Initial Ceremony and Governance DApps deployed in production. In September the first project started their token sales using POA Network Token Wizard, a tool for running a crowdsale on blockchain for non-developers.
How Does POA Network (POA) Work?
Organizations can build their networks with their validators based on POA Network’s ceremony and governance. Developers can deploy DApps using our PoA framework. POA envision the most immediate use cases in identity, crowdfunding, real estate transactions and many more. Proof of Authority (PoA) is an alternative consent mechanism, which does not depend on the nodes solving arbitrarily tricky mathematical problems, but alternatively uses a set of “authorities” – nodes that are explicitly allowed to build new blocks and secure the blockchain.
How To Buy POA Network (POA)?
Buying POA Network is a two-step process. First, head over to Coinbase and purchase Bitcoin or Etherium which accepts debit or credit card. If Coinbase is not accessible in your jurisdiction, view our list of markets that sell BTC or ETH for Government issued money. Next, transfer your newly purchased BTC or ETH from your Coinbase wallet to one of the exchanges like Binance.
POA Network (POA) Price Prediction 2018
As POA Network is a newly emerged coin, it has not reached a high point. But we can expect its surge in this year as its popularity increases day by day. aelf is a lousy long-term financing option. If the user is looking for virtual currencies with a good return, POA is a bad option. POA price equal to 0.370 USD at 2018-03-27. According to prediction in one year the price will lower down to 0.156 USD. So if the user invests in this, it will be devalued in future. POA Network price today is $0.370 and have the current supply of 203,713,611 POA. The market cap value is $75,771,278, and the volume is marked as $10,248,700.