Cryptocurrency Q&A What is PoA in Binance?

What is PoA in Binance?

Giulia Wed Jul 24 2024 | 7 answers 1675

Could you please elaborate on what the term 'PoA' stands for and its significance within the context of Binance, the popular cryptocurrency exchange platform? I'm particularly interested in understanding how it differs from other consensus mechanisms like Proof of Work or Proof of Stake, and what role it plays in securing the network and facilitating transactions on Binance. What is PoA in Binance?

What is PoA in Binance?

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