TOKEN PLAY EXPLANATION: PoA
PoA definition:
Proof-of-activity (PoA) is a blockchain consensus algorithm that is a combination of two other blockchain consensus algorithms: proof-of-work (PoW) and proof-of-stake (PoS). The PoA system is an attempt to combine the best aspects of both the PoW and the PoS systems; the mining process begins like a PoW system, but after a new block has been successfully mined, the system switches to resemble a PoS system. Decred (DCR) is the most well-known cryptocurrency that uses the PoA consensus mechanism.
Advantages of PoA:
PoA is often regarded to be an improvement over earlier consensus mechanisms of PoW and PoS. Under PoA, the need for specialised equipment as well as computational resources are relatively limited.
The PoA system enables transactions per second. Plusm the fact that validators share their real identities to run the blockchain makes it likely they will remain more committed and motivated to run the network responsibly.
