Review on POA by Toprak Dere
About POA
POA coin is the local token or cryptocurrency of the POA network. In the POA network, the POA coin is used as a reward mechanism for transaction purposes, transaction fees, and validators.
POA is an autonomous network secured by a group of trusted validators. All validators on the network are American notaries and their information is public. This well-known group of distributed validators allows the network to provide fast and inexpensive transactions. In addition to providing consensus on transactions, validators make all governance decisions through custom distributed applications (DApps). Every decision is recorded on the POA blockchain. This process creates an effective and self-managing system where changes can be made quickly and efficiently to better serve the network.
Looking at the comments of POA Coin, it is stated that POA is seen as a long-term investment. POA coin, which has been seen to draw attention especially after the increases in DeFi tokens, seems to receive positive comments from investors.
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Pros
- The future of Poa looks bright.
- the team is professional and promising
- POA Network is an Ethereum-based platform that provides an open source framework for smart contracts. The project is an Ethereum side chain that uses Proof of Autonomy as a consensus mechanism based on a preselected set of validators to secure the network. The fact that the authenticators' identity is public is considered as a plus.
Cons
- not listed in most exchanges
- the project should be developed and supported more
