POA Network
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Max SupplyCirculating SupplyIssue DateIssue PriceConsensus ProtocolExplorer
255,070,645220,167,2902017-12-15$0.072400Proof of Autonomy1
Total SupplyCryptographic AlgorithmSource CodeWhite PaperWebsiteType

POA Network is an open Ethereum sidechain with Proof of Authority (PoA) consensus, reached by independent validators. It's a public network for smart contracts that combines speed, security, and cost efficiency. POA Core Network consists of the PoA-based protocol, the validators who seal the blocks according to the rules of this protocol, and the DApps that enable the network functionality. Core Network is an independent chain with its own native coin. At POA Network, we are making the case that consensus by individuals is a feasible business model for blockchains. A streamlined consensus algorithm that creates a trustless environment without an expensive setup, combined with a swarm of blockchains, connected to each other to transfer value, can establish a foundation for faster and cheaper smart contracts.

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Coin Bureau

POA Network (POA) | Rating: 7/10 | Outlook: Flat

The POA Network is an open source side-chain of the Ethereum blockchain. They offer a framework for smart contracts whereby developers can code on Ethereum standards while leveraging the POA Network. Technologically, the POA network makes use of the Proof-of-Authority consensus mechanism. In this case the validators on the network are required to go through a full KYC process and are mostly public personalities and well known professors at universities. The POA network is also working on the "bridge" solution which will see tokens being moved between the Ethereum mainnet and other blockchains. There have already been a number of Dapps that have been developed on the POA Network. These range from Governance dApps to blockchain explorers and numerous online games. There are also some really important dApps that are currently in development. These include the likes of the Mana-Ethereum as well as the Honey BadgerBFT Consensus. The POA Network completed an ICO in November of 2017 under the name of the “Oracle's network”. They were able to raise a total of $12.6m in exchange for roughly 175 million POA tokens. The POA Network has also partnered with a number of high profile companies and project's in the blockchain ecosystem since their launch. Development on the project has been quite extensive and the Github repository reflects that. This is driven by the large pool of open source developers who contribute to the project. It took quite some time before the POA tokens became publically traded on exchanges. This only commenced on the 28th of February of 2018 and so the tokens missed a great deal of the late 2017 and early 2018 rally. There was a slight uptick in price towards May 2018 but since then, POA has followed the rest of the market down. Over 96% of the volume of POA is traded on the Binance exchange. This means that the project is heavily reliant on volume from Binance.

poa-network - Consensus by respectable individuals

Oracles Network is the first Ethereum-based public network with Proof of Authority consensus, reached by independent validators. Oracles Network makes smart contract platform cheaper and faster than POW predecessors.

POA Network | Rating: B | Outlook: Stable | Risk: Medium

POA Network is the first Ethereum-based public network with a Proof of Authority consensus algorithm. POA is the token generated based on its POA Network. Compared to Ethereum, running smart contracts on a POA Network is cheaper and more technologically friendly. Due to the Proof of Authority consensus, there is a risk of collusion from its pool of designated validators.