What is Proof of Authority Explained | Gauss

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You might have heard of proof of stake and proof of work, but proof of authority is a little less known. In this video, we go through the benefits of each consensus mechanism and understand the differences between them and what makes them special in their own way. Proof of authority will be introduced in the first version of the Gauss Blockchain

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Chapters
00:00 Introduction
00:49 Consensus Mechanisms
01:06 Proof of Work
03:03 51% Attack
03:37 Proof of Stake
05:40 Proof of Authority

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So with Proof of Authority you end up with a centralized network of nodes / validators which beats the whole idea behind Crypto that people control their money.

rookiecookie
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Do gauss has token/coin that's about to release

abewap