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Proof of Authority  Form

Proof of Authority Form

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the proof of authority is a consensus mechanism used by the v chain blockchain and before we explain it let's first explain what is a consensus mechanism at the first place any blockchain in the world needs a way to reach agreement between its validators on who has the right to add a new block and what transactions get added to the blockchain to reach this agreement between validators we use something called a consensus mechanism the word consensus means the majority agreeing on something and the mechanism is the way or method we use to reach that agreement the bitcoin blockchain uses the proof of work consensus mechanism in proof of work the computers are racing against each other to try to solve a difficult math problem and the computer that solves it first gets the right to add his block to the blockchain and gets rewarded with bitcoin other computers verify his block and then accept it this is known as mining in this proof of work mechanism any computer can join the network and try

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