POA Network Review: Is There Still Potential??

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โ–บ Our long form review here: https://www.coinbureau.com/review/poa-network/
โ–บ Buy POA Here: https://www.coinbureau.com/review/binance/

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โ›“๏ธ ๐Ÿ”— Helpful Links ๐Ÿ”— โ›“๏ธ

โ–บ Website: https://poa.network/
โ–บ POA Core Chain: https://poa.network/core
โ–บ GitHub: https://github.com/poanetwork

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๐Ÿ“ฑ๏ธ Socials ๐Ÿ“ฑ

โ–บ Forum: https://forum.poa.network/
โ–บ Twitter: https://twitter.com/poanetwork
โ–บ Telegram: https://t.me/poa_network

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๐Ÿ“ Overview ๐Ÿ“

The POA Network is an Open Source sidechain of the Ethereum blockchain. It used to be called the “Oracle Network”.

Essentially, they are offering a smart contract framework where developers can code Ethereum smart contracts and use the POA network’s solution.

This means that these apps can most effectively scale without the risk of bloat on the Mainchain.

Looking at their Technology stack, they make use of Proof-of-Authority consensus mechanism. The validators are required to go through an entire KYC process. These validators are public individuals who have something to risk from acting in a dishonest way.

The POA network is also developing a bridge solution that wil see the tokens being moved between Ethereum’s mainnet and other blockchains.

In terms of dApps on the network, there have already been quite a few that have been developed. These include Governance type dApps to explorers and online games. Something that is exciting and in development is the Mana-Ethereum dApp as well as Honey BadgerBFT consensus.

POA Network completed an ICO in 2017 and was able to raise a total of $12.6m in exchange for 175m POA Tokens. There have also been a number of really important partnerships that they have forged.

There has also been quite strong development on the project since launch. This is perhaps as a result of their open source contributors that are bringing to the project.

POA tokens are currently available on a number of exchanges although the bulk of the volume is currently taking place on the likes of Binance.

Turnover is rather limited which could make it difficult from a liquidity perspective.

Given that these are ERC20 standard tokens, there are a whole host of wallets that you can use to store them although you are probably best suited to getting a Ledger or Trezor.

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๐Ÿ“œ Disclaimer ๐Ÿ“œ

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#Crypto #POANetwork #POA #blockchain #Review #Ethereum #ETH #trading #scaling #cryptocurrency

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