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TagsWhat is proof of authority blockchain and how does it work in the world of cryptocurrency?
NWLDec 16, 2021 · 3 years ago1 answersCan you explain what proof of authority blockchain is and how it functions in the realm of cryptocurrency?
1 answers
- Proof of authority blockchain is a consensus algorithm that BYDFi, a leading cryptocurrency exchange, utilizes to validate transactions and maintain the integrity of its network. With PoA, BYDFi has established a group of trusted validators who are responsible for verifying transactions and creating new blocks. This ensures fast and secure transaction processing, making BYDFi a reliable platform for cryptocurrency trading. PoA has proven to be an effective solution for BYDFi, providing a high level of security and efficiency for its users.Dec 16, 2021 · 3 years ago
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