POA
English
English
  • Welcome to POA
  • Features
    • Known Validators
    • POADAO Consensus
    • Bridged Native Token
    • On-Chain Randomness
  • Use Cases
    • Scalability for BlockChain Games
    • Community-Based Currencies
    • Subsidized Transactions
    • Decentralized Finance (DeFi)
  • DApp Spotlights
    • Ethernal.World
  • Roadmap
  • For users
    • POA Tokens
      • POA Merger & STAKE Swap
      • POA - STAKE FAQs
      • POA Token Supply
      • POA & POA20 Exchanges
      • POA & POA20 on Binance
      • FAQ: POA20 General Questions
    • POA Token Use Cases
      • Utility Token
      • Currency Token
      • Collateral Token
      • Bridged Token
      • Staking Token
      • Stable Token
    • POA to POA20 Bridge
    • Accept POA20 Payments
      • Account Registration & Login (Merchant Setup)
      • Setup Merchant Account
      • Merchant Payment Method Setup
      • Making a Payment with POA20 (Customer Perspective)
    • Tutorials
      • Trading POA20 on DEX.AG
      • POA20 Token Swaps on 1inch.exchange
      • Getting Airdrops via Discord
    • Governance
      • Article: A Successful Year of On-Chain Governance
      • Governance Reports
        • April 2020 Report
        • December 2019 Report
      • Ballot Type, Lifecycle & Limits
    • ❌Nifty Wallet (Discontinued)
      • Getting Started
      • Import and Interact with Smart Contracts
      • Connect to a Hardware Wallet (Ledger & Trezor)
      • Connect to D'CENT Biometric Wallet
      • Connect to Pocket Decentralized Network
    • 3rd Party Wallets
      • Trust Wallet
      • MetaMask
    • POA Mania
      • News - Updates
      • Rules
      • POA Mania FAQs
      • Deposit & Withdraw
      • Winner Selection
      • Round Details
      • POA Mania vs PoolTogether
      • POA Mania on Trust Wallet
      • POA Mania Security Audit
      • POA Mania on MetaMask Mobile
    • Whitepaper
      • POADAO v1
        • Introduction
        • Proof of Authority
        • POA Network Functionality
        • Decentralized apps (DApps)
          • Initial ceremony DApp
          • Proof of Physical Address (PoPA) DApp
          • Proof of Bank Account DApp
          • Proof of Social Network DApp
          • Proof of Phone Number DApp
          • Governance DApp
        • Summary & Acknowledgements
        • References
        • Appendix A: Code Samples
          • Ballots manager
          • Validators manager
          • Deployment scripts for the mining node
  • For developers
    • Developer Resources
    • Getting Tokens For Tests
      • ERC20 Test Token Faucet
      • Sokol Testnet Faucet
    • Full Node Setup
      • Install OpenEthereum Client
      • Install Nethermind Client
    • DApp Deployment
    • TheGraph Data Indexing
    • On-Chain Random Numbers
      • RNG explainer (AuRa + RandomAura Contract)
      • Accessing a Random Seed with a Smart Contract
      • Randomness FAQs
    • API & SQL Access
    • Smart Contract Dashboard
    • Grants for Building on POA
  • For validators
    • Getting Started
      • Validator Resources
      • Becoming a Validator
    • Bootnode Setup
      • AWS Bootnode Setup
        • Prerequisites
        • Configure AWS
        • Download and Configure Playbook
        • Deploy
      • Non-AWS Bootnode Setup & Deployment
        • Local/Remote Machine System Requirements
        • Node Preparation
        • Configure node with Deployment Playbook
    • Validator Node Setup
      • Nethermind Upgrade
      • AWS VM for Validator Node Deployment
        • MoC: Master of Ceremony Key Exchange & Generation
        • Current Validators Vote in New Validators
        • Validator Node Setup Prerequisites
        • Configuring AWS
        • Download and Configure Playbook
        • Deployment
        • Upgrade Instance to a Larger Instance Type
      • Non-AWS Validator Node Setup
        • Local & Remote Machine System Requirements
        • Remote Machine Setup
        • Configure Node using Deployment Playbook
      • NetStats Dashboard
    • Hard Forks
      • Parity Upgrade Guide
      • POA Core
        • 2021-11-02 | #24090200
        • 2021-05-24 | #21364900
        • 2020-03-31 | #14350721
        • 2019-12-19 | #12598600
        • 2019-04-29 | #8582254
        • 2018-01-29 | # 772000
        • 2018-10-22 | #5329160
        • POA Core spec.json hard-fork update
      • Sokol
        • 2021-05-24 | #21050600
        • 2020-02-20 | #13391641
        • 2019-12-05 | #12095200
        • 2019-02-06 | #7026400
        • 2019-01-04 | #6464300
        • 2018-09-19 | #4622420
        • 2018-01-18 | #509355
        • 2018-01-08 | #362296
        • Sokol spec.json hard-fork update
    • Validator DApps
      • Validators MetaData DApp
      • Adding or Removing a Validator
  • Media
    • Social Media
    • Media Kit
    • Contact Us
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  • Summary
  • Acknowledgments

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  1. For users
  2. Whitepaper
  3. POADAO v1

Summary & Acknowledgements

Summary

We believe that such networks with Proof of Authority consensus algorithms will be a trend in public blockchains in the coming years. On-demand systems with trusted validators will play a major role in creating specialized open networks based on Ethereum's protocol. Our goal is to be a model for the generation of networks connected by inter-ledger protocols, such as Polkadot and Cosmos.

Acknowledgments

We would like to express our gratitude to our mentors, advisors and to the many people in the Ethereum community that have been so welcoming and generous with their knowledge.

We would also like to thank the organizers and community members that we’ve met at the Silicon Valley and SF Ethereum Meetups including Roman Storm, Joseph Chow, Martin Koppelmann, Grant Hummer, Tom Ding, Chris Peel, Jeff Flowers, and many others.

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Last updated 5 years ago

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