Proof-of-Authority (PoA)

- CoinGecko 님 | 업데이트: Mar 03, 2020
On a technical layer, Proof of Authority performs block validation in a similar heuristic manner as Proof of Stake. However, whereas Proof of Stake assigns a validator's queue and importance based the amount of tokens staked by a validator, a Proof of Authority validator's queue arbitrarily predetermined based on their identity and repupation. This method of block validation addresses the issue of speed and scalability with the drawback of higher centralization as opposed to Proof of Stake or Proof of Work.

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관련 용어

Block Reward
One of the mechanisms built into a blockchain to incentivize validators
Market Maker
Participant of the market who creates buy and orders
Trading Volume
The amount of the cryptocurrency that has been traded in the last 24 hours.
Mnemonic Phrase
A mnemonic phrase (also known as mnemonic seed, or seed phrase) is a list of words used in sequence to access or restore your cryptocurrency assets.
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