POA Network (POA)

  • Market Cap: 103,885,079.00
  • Available Supply: 203,978,204.00

  • Last Price: 0.0289
  • Total Supply: 254,470,364.00

Oracles Network is an open, public, permissioned blockchain based on Ethereum protocol using a Proof of Authority consensus algorithm. PoA consensus is a straightforward and efficient form of Proof of Stake with known validators and governance-based penalty system. A list of validators is managed by a smart contract with governance by validators. To be validators on the network, a master of ceremony asks them to have an active notary public license within the United States. The network supports trusted setup, on-chain governance, and a variety of “proof of identity” oracles. They believe that Oracles Network will close a gap between private and public networks, and will become a model for open networks based on PoA consensus.

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