Binance Lists POA Network (CRYPTO:POA)
Hong Kong, Mar 7, 2018 AEST (ABN Newswire) - Cryptocurrency Exchange Binance.com (
CRYPTO:BNB) advise that POA/BNB (CRYPTO:POA), POA/BTC and POA/ETH trading pairs are now available on Binance for trading. You can start depositing and trading POA now.
POA Network is an open Ethereum sidechain with Proof of Authority (PoA) consensus, reached by independent validators. It's a public network for smart contracts that combines speed, security, and cost efficiency.
POA Core Network consists of the PoA-based protocol, the validators who seal the blocks according to the rules of this protocol, and the DApps that enable the network functionality. Core Network is an independent chain with its own native coin.
At POA Network, we are making the case that consensus by individuals is a feasible business model for blockchains. A streamlined consensus algorithm that creates a trustless environment without an expensive setup, combined with a swarm of blockchains, connected to each other to transfer value, can establish a foundation for faster and cheaper smart contracts.
Max Supply: 252,460,800 POA
Circulating Supply: 201,968,640 POA
Issue Price: $0.0724
To view the Whitepaper, please visit:
http://abnnewswire.net/lnk/2FIMUQ8P
About Binance
Binance (CRYPTO:BNB) is a cryptocurrency exchange with a focus on the Chinese market and other Chinese coins. Currently, it supports English and Chinese users. The Binance token (BNB) was created during the ICO event to fund the development of the Binance exchange.
Binance is capable of processing 1.4 mil orders/second, has multi-language support and has all the major coins available – BTC, ETH, LTC, BNB etc. Trading fee is 0.1%.
Binance Mission: Commit to offer the professional, secure and transparent one-stop service to users in digital currency industry.
Binance Scale: Binance has over millions registered users from over 200 countries and regions.
Binance official website:
https://www.binance.com
About POA Network
Oracles Network is an open, public, permissioned blockchain based on Ethereum protocol. To reach consensus on a global state, it uses a Proof of Authority consensus algorithm. PoA (CRYPTO:POA) consensus is a straightforward and efficient form of Proof of Stake with known validators and governance-based penalty system. A list of validators is managed by a smart contract with governance by validators. During an initial ceremony, master of ceremony distributes keys to 12 independent validators. They add 12 plus one more to reach initial requirements for the consensus. To be validators on the network, a master of ceremony asks them to have an active notary public license within the United States. A concerned third party can crossvalidate validators' identities using open data sources and ensure that each validator is a good actor with no criminal records. In the proposed network, identity of individual validator and trust to independent and non-affiliated participants will secure the consensus.
The network is fully compatible with Ethereum protocol. The network supports only Parity client version 1.7 and later. The network supports trusted setup, on-chain governance, and a variety of "proof of identity" oracles. We believe that Oracles Network will close a gap between private and public networks, and will become a model for open networks based on PoA consensus.
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