Post
Topic
Board Announcements (Altcoins)
Re: ANN / ICO / Oracles Network
by
crypto_bit
on 12/11/2017, 11:06:08 UTC
Oracles Network is the first Ethereum-based public network with Proof of Authority consensus, reached by independent validators. Proof of Authority consensus is a modified form of Proof of Stake where validators’ identity serves as stake and establishes the incentive model for validators to act in the interest of the Network. Such consensus allows for shorter block time and cheaper transactions.

I just heard about PoA for the first time. Could you better explain how does it work, maybe in a better suited manner for a layman? And what is the core difference to the ChainLink oracle.