Ecosystem Architecture:
dPOA RT (Delegate Proof of Authority)
Validator Selection and Role:
PoA operates on a system where validators, chosen based on their reputation and reliability, play a central role. Unlike Proof of Stake (PoS) which primarily uses cryptocurrency staking, PoA validators are selected through a rigorous process, validating their identity and commitment to the network. This process ensures that only trustworthy individuals handle the block validation and creation processes, maintaining the integrity and security of the blockchain.
Transaction and Block Validation:
In PoA, transactions are grouped into blocks by the validators and each block is linked securely to the previous one, ensuring a coherent chain. Validators independently verify each transaction within a block to ensure it complies with network rules before consensus is reached on its validity. This mechanism ensures that transactions are processed efficiently and securely, significantly enhancing the transaction throughput compared to other consensus mechanisms implemented by other blockchains.
Delegated Proof of Authority (dPOA) - Combining KYC and Community Involvement:
In the dPOA system, the integration of KYC (Know Your Business) and regulatory compliance from validators' jurisdictions enhances transparency and builds trust within the network. Validators are not anonymous, which diverges from typical blockchain anonymity to promote transparency and accountability. This approach aligns with the needs of businesses and regulatory frameworks, making it ideal for enterprise applications where proof of identity and authority are crucial.
Publicity and Transparency:
By ensuring all participant's identities are known and their reputation is on the line, the dPOA system creates a self-regulating environment where validators are motivated to act honestly to protect their standing within the community. This openness is intended to foster a trusted and transparent community, where the actions of validators directly impact their continued authority in the network.
Scalability and Efficiency:
The PoA model is highly scalable due to the limited number of validators, which allows for quicker consensus on the state of the ledger, thereby increasing the number of transactions processed per second. This setup is particularly effective in environments that demand high throughput and reliability.
Through this architecture, dPOA RT aims to leverage the benefits of PoA to address scalability, enhance security, and ensure that all participantsโusers, businesses, and validatorsโbenefit from a transparent and efficient blockchain ecosystem. This model not only supports the growth and onboarding of services but also ensures that all interactions within the ecosystem are conducted under a robust, secure framework.
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