Crypto Education - Proof of Authority Explained | Animation | Cryptomatics

In this video, we will explain what Proof of Authority is, what benefits and downsides it has, and if it can be used in a decentralized manner.

Proof of Authority (PoA) represents a consensus algorithm that is based on reputation, creating a practical and efficient solution for blockchain networks, especially when it comes to private ones.The main form of leverage in PoA is none other than a user’s identity, meaning that a block validator isn’t staking coins, but their very own reputation. This means that PoA blockchains are secured by the validating notes that are randomly chosen to serve as trustworthy entities.

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- Chapters -

0:00 Intro
0:23 What is Proof of History?
1:18 What Benefits Does Proof of Authority Have?
2:30 What Downsides Does Proof of Authority Have??
3:43 Can It Be Used In A Decentralized Manner?
4:20 Conclusion
5:00 Outro

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#ProofOfAuthority #PoA #Animation #Cryptomatics #Blockchain #Crypto #CryptoEducation #Cryptocurrency

[pxmaarch]

im learning so much frm ur channel.. keep up the good work

[i-negm]

Nice explanation, neat and to the point

[kapilvermani]

Is bitgert(Brise) using proof of authority?

[lilwalt]

I’d say proof of authority is used better on decentralized blockchain