POA Network
1. Summary
- Description
-
The POA Network is an open-source public side-chain of Ethereum designed to offer a scalability solution for Ethereum DApps and developers. This means a consistent, high-performance environment with 5-second block confirmation times, making it suitable for applications requiring high throughput.
The POA Network is an open-source public side-chain of Ethereum designed to offer a scalability solution for Ethereum DApps and developers. This means a consistent, high-performance environment with 5-second block confirmation times, making it suitable for applications requiring high throughput.
Key Features
- Proof-of-Authority Consensus: POA Network employs a Proof-of-Authority (PoA) consensus mechanism. This allows for faster transaction confirmations compared to traditional Proof-of-Work (PoW) networks while maintaining high security through trusted validators.
- Trusted Validators: A group of pre-approved nodes, known as validators, are responsible for validating transactions and maintaining the blockchain's integrity. Validators are typically selected based on their reputation, expertise, or stake in the network.
- Enhanced Security and Scalability: By relying on trusted validators, the network can prevent malicious actors from gaining control and tampering with the blockchain. This ensures enhanced security and scalability.
- Open-Source Public Side-Chain: POA Network operates as an open-source public side-chain of Ethereum, providing an autonomous and decentralized platform for a variety of use cases.
- Interoperability and Infrastructure: The network includes tools such as BlockScout, an open-source explorer, and TokenBridge, a multi-chain asset-transfer solution, to improve interoperability and infrastructure throughout the ecosystem.
Applications and Use Cases
- Developing dApps: POA Network's framework allows developers to create and deploy smart contracts efficiently, making it an attractive choice for developers building decentralized applications (dApps) on Ethereum standards.
- Supply Chain Management and Traceability: The high-performance environment and fast transaction confirmations make POA Network suitable for applications such as supply chain management and traceability, as demonstrated by the use of PoA networks in projects like VeChainThor.
- Testing and Interoperability: POA Network's testnet, Kovan, allows developers to test and deploy smart contracts without incurring the costs associated with PoW mining, making it a valuable resource for dApp development.
Governance and Future Directions
- Validator Selection and Governance: The network aims to increase the number of network validators, moving toward a more decentralized and self-sustainable model.
- Core Protocol Updates: Future plans include upgrading the consensus algorithm and developing support for new clients on the POA core, enhancing the overall efficiency and resilience of the network.
By combining high scalability with trusted validators, POA Network is positioned to provide a robust and reliable platform for various applications and use cases.
| Price | |
| 52W High price | $0.04 |
| 52W High date | 27th Jan 2023 (1 year ago) |
| All Time High (ATH) Date | 17th Jun 2024 (1 month ago) |
| All Time Low (ATL) Date | 17th Jun 2024 (1 month ago) |
| Supply & Trading Volume | |
| Trading Volume (24h) | $10.00 |
How does POA Network's () performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
%
-2.2%
Similar Market Cap
We're monitoring 104 POA Network GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.
Weekly Commits (All POA Network Repos)
Commits vs. The Market
- Past 4 weeks: 0 commits vs. an average of 1
- Past 12 weeks: 0 commits vs. an average of 8
- Past year: 0 commits vs. an average of 117
Most Active Repos
| Past week | 21 |
|---|---|
| Past 12 weeks | 188 |
| Past year | 963 |
| Past week | 0 |
|---|---|
| Past 12 weeks | 0 |
| Past year | 219 |
| Past week | 1 |
|---|---|
| Past 12 weeks | 9 |
| Past year | 124 |
| Past week | 4 |
|---|---|
| Past 12 weeks | 23 |
| Past year | 117 |
| Past week | 2 |
|---|---|
| Past 12 weeks | 11 |
| Past year | 74 |
| Past week | 4 |
|---|---|
| Past 12 weeks | 5 |
| Past year | 67 |
Top Developers 2024
In total, 55 developers have contributed to POA Network over the past year. Who are the most active POA Network developers, by commits, over the past year?
Related Projects
Developers working on POA Network also worked on these projects.
Tip: Toggle each network by clicking the name above
Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | 0 |
|---|---|
| Active Reddit Users (past 24h) | 0 |
| Discord users | |
| Active Discord Users | |
| Telegram Users | 1,502 |
| Twitter followers | 19,440 |
No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://poa.network/ |
|---|---|
| Explorer | https://blockscout.com/poa/core/ |
| @poanetwork |
Has POA Network been audited for security?
No security audits found for this project.
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