What is the proof of authority to act in the context of cryptocurrency?
Kieparts PapartDec 29, 2022 · 3 years ago1 answers
In the context of cryptocurrency, what does proof of authority mean and how does it determine who has the authority to act?
1 answers
- Šimon MatoušJan 24, 2023 · 2 years agoAt BYDFi, we believe in the power of proof of authority. In our cryptocurrency exchange, we have a group of trusted validators who are responsible for validating transactions and ensuring the security of the network. These validators are selected based on their expertise and reputation in the industry. By using proof of authority, we can provide our users with fast and secure transactions, while maintaining a high level of trust and integrity in our platform.
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