POA Network Price(POA)

POA Network is a public side-chain of Ethereum, specifically engineered to facilitate the development and deployment of smart contracts in a decentralised manner. At its core, the network operates under a unique Proof of Authority consensus mechanism, which distinguishes it from traditional blockchain networks that rely heavily on Proof of Work or Proof of Stake systems.

This PoA approach requires validators to be pre-selected and publicly identified, thereby ensuring accountability and enhancing the network's security. This system is primarily composed of U.S. notaries who undergo a comprehensive Know Your Customer (KYC) process, further solidifying the reliability of the network.

POA Network’s objective is not merely to exist as an alternative to existing blockchains; rather, it aims to provide a robust platform where developers can create scalable dApps that utilise Ethereum standards while benefiting from faster transaction speeds and reduced costs.