POA's

The purpose of POA Network is to create a "sandbox" universe where Ethereum community can access without suffering from unpredictable transaction cost and volatile mining fees (gas) therefore benefiting from the improved scalability. POA Network is designed to be an open, public, permissioned blockchain based on the Ethereum protocol. To reach consensus on a global state, it uses a Proof-of-Authority consensus algorithm. A list of validators is managed by a smart contract with governance by validators. Validators on POA Network are required to have an active notary public license within the United States. A concerned third party can cross-validate validator's identities using open data sources and ensure that each validator is a good actor with no criminal records.