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Consensus Mechanism: Difference between revisions
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Proof of Authority is a consensus mechanism where a limited number of trusted validators are responsible for creating new blocks. Validators are pre-approved and must maintain their reputation to continue participating in the network. PoA is suitable for private or consortium blockchains, where trust is established among participants. Networks like [[VeChain|VeChain]] utilize PoA. | Proof of Authority is a consensus mechanism where a limited number of trusted validators are responsible for creating new blocks. Validators are pre-approved and must maintain their reputation to continue participating in the network. PoA is suitable for private or consortium blockchains, where trust is established among participants. Networks like [[VeChain|VeChain]] utilize PoA. | ||
[[Image:Detail-104917.jpg|thumb|center|A visually appealing image of a blockchain network with interconnected nodes and digital data blocks.]] | [[Image:Detail-104917.jpg|thumb|center|A visually appealing image of a blockchain network with interconnected nodes and digital data blocks.|class=only_on_mobile]] | ||
[[Image:Detail-104918.jpg|thumb|center|A visually appealing image of a blockchain network with interconnected nodes and digital data blocks.|class=only_on_desktop]] | |||
== Mechanism Design and Security == | == Mechanism Design and Security == | ||