Block Convey
  • ⛓️Block Convey
  • Introduction
  • Blockchain Technology
    • Taxonomies of blockchain system architecture
    • Drivers & Enablers of Blockchain Technology
  • About Block Convey
    • Vision
  • Block Convey Blockchain Infrastructure
    • Existing Blockchains
    • Intra and Interoperability
    • Blockchain Trilemma
    • BlockConvey Blockchain
    • BlockConvey Protocol Components
    • Interoperability
    • Multi Party Computation
  • Network Topology
    • BlockConvey Network Distribution
    • Authority Node Network
    • Master Node Network
    • Light Node Network
  • Blockchain Consensus Mechanisms
    • Proof of Authority Consensus
    • Conditions for Proof of Authority Consensus
    • Limitations
  • Utility Token
    • Utility Token VS Security Token
  • Summary and Suggestion
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  1. Blockchain Consensus Mechanisms

Conditions for Proof of Authority Consensus

Although the conditions may vary from system to system, the PoA consensus algorithm is usually reliant upon: Valid and trustworthy identities: validators need to confirm their real identities.

Difficulty to become a validator: a candidate must be willing to invest Block and put his reputation at stake. A tough process reduces the risks of selecting questionable validators and incentivizes a long-term commitment. a standard for validator approval: the method for selecting validators must be equal to all candidates.

The essence of the reputation mechanism is the certainty behind a validator’s identity. This can’t be an easy process nor one that would be readily given up. It must be capable of weeding out bad players. Finally, ensuring that all validators go through the same procedure guarantees the system’s integrity and reliability.

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Last updated 1 year ago

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