What is Proof of Authority in Crypto and How Does it Work?

🔗🪝Proof of Authority (PoA) is a consensus algorithm in cryptocurrency where block validators are identified and trusted by a central authority. Validators, often known as "authorities," are responsible for creating new blocks and validating transactions. Their identities and reputations are the key to the system's security. It works through a reputation-based system where validators prove their authority to maintain consensus. 🔒✅ Unlike other consensus mechanisms, PoA doesn't require extensive computational power. However, it sacrifices decentralization and may not be suitable for trustless systems. 🚀

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💣 Disclaimer
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

[smartboyffm]

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[webwitch]

Thanks for the great information, we keep moving with satoshi club