Website:
Start At:
2017-12-01
End At:
2018-01-01
Base:
Ethereum

Categories:
Data Storage, Service/Platform
Currencies:
ETH
Whitepaper:

Oracles
ICO


Features:

  • Proof of Authority
Proof of Authority is an alternative consensus mechanism, which does not depend on the nodes solving arbitrarily difficult mathematical problems, but instead uses a set of "authorities" - nodes that are explicitly allowed to create new blocks and secure the blockchain.

  • Validator
Validators on POA Network are the known people who validate the blocks. Proof of Authority means that they stake their identity to secure the network. Their identity is subject to a number of verification requirements, including proof of address and no criminal record.

  • Master of Ceremony
The Master of Ceremony is the initiator of a network. Using the Ceremony DApp, the Master of Ceremony creates 12 initial keys and distributes them to individual validators. Validators then replace initial keys with a new subset of keys. This initial ceremony launches the network.

  • 5 seconds block time
  • No mining
  • Built-in governance
  • Legally recognizable hard fork decisions
  • Model for hybrid networks
  • Supported DApps

Token Distribution:

Allocation of proceeds:
RandD  - 75%
Marketing - 10%
Operations  - 8%
Legal - 4.5%
Tokensale fee - 2.5%

Token distributions:
Purchasers -70%
Founders - 10%
Foundations/Legal -10%
Partners, advisors - 5% 

Token Sales:

Total token supply: 252,460,800 POA
Distributed in ICO: 176,722,560 POA (70%)
Target: 41,176 ETH

Links: