The POA Network is an Ethereum-based platform that provides an open-source framework for smart contracts. It operates as an Ethereum sidechain with a Proof of Autonomy consensus mechanism, secured by a group of pre-selected validators whose identities are public. These validators are key to the network’s security and transparency.
POA Core is an autonomous network maintained by United States notaries acting as trusted validators. Their public information enhances the network’s credibility, enabling it to offer fast and cost-effective transactions. The network’s governance is managed by these validators through decentralized applications (DApps), ensuring an effective self-governing system.
The organization behind POA Network also develops tools such as BlockScout, an open-source explorer, and TokenBridge, which facilitates multi-chain asset transfers. These tools aim to enhance interoperability and infrastructure within the blockchain ecosystem.
POA Network is designed to support various use cases, including scalable solutions for Ethereum DApps and developers, community currencies for local transactions, decentralized content platforms like Kauri, and bridging POA to POA20 for accessing large-scale decentralized finance applications on the Ethereum mainnet.
For those interested in purchasing POA Coin, it can be acquired securely through Binance, the world’s largest cryptocurrency exchange by trading volume. Users must register on Binance, transfer fiat currency, and then trade for POA Coin using the BTC/POA trading pair. Binance also offers the option to place buy orders at market value or a specified limit price.