VeChain

<ul>
<li style="list-style-type: none;">
<ul>
<li><strong>Proof of Authority (PoA) Aura is one of the most widely adopted consensus solutions for blockchains, as it allows for high efficiency.</strong></li>
<li><strong>In a recent study, researchers found that PoA Aura could be vulnerable to three types of time-manipulation attacks, which can break the legal leader election and directly harm the fairness of the block proposal.</strong></li>
</ul>
</li>
</ul>
<hr />
<h2 id="vechain-8217-s-poa-model">VeChain&#8217;s PoA Model</h2>
<p>VeChain, a blockchain-based supply chain management platform, <a href="https://www.ethnews.com/vechain-impresses-investors-at-consensus-2023-with-state-of-the-art-technology-and-global-sustainability-efforts/">has been using</a> Proof of Authority (PoA) as a consensus algorithm for years. PoA is a type of consensus algorithm that relies on a fixed set of validators, and transactions are validated based on their approval. The validators <a href="https://www.ethnews.com/vechain-revolutionizing-fortune-500-1s-operations-with-140-million-eco-friendly-transactions/">are selected by</a> the network&#8217;s developers, and there are typically fewer validators than in other consensus models like Proof of Work (PoW).</p>
<h2 id="why-vechain-8217-s-poa-model-is-superior">Why VeChain&#8217;s PoA Model is Superior</h2>
<p>The recent study on PoA Aura <a href="https://www.ethnews.com/vechain-the-missing-link-in-the-60b-climate-tech-initiative-transforming-the-worlds-future/">highlighted</a> some of the issues with the consensus algorithm. However, VeChain&#8217;s PoA model differs significantly from Aura. Unlike Aura, VeChain&#8217;s PoA model relies on a larger number of validators, which makes the network more resilient to attacks.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
<p lang="en" dir="ltr">VeChain&#39;s Proof of Authority consensus algorithm was mentioned in a recent journal article, &#39;Time Manipulation Attack: Breaking Fairness Against Proof of Authority Aura&#39; <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f516.png" alt="🔖" class="wp-smiley" style="height: 1em; max-height: 1em;" /><a href="https://t.co/WMxs4MBxFW">https://t.co/WMxs4MBxFW</a><a href="https://twitter.com/hashtag/VeChain?src=hash&amp;ref_src=twsrc%5Etfw">#VeChain</a> <a href="https://twitter.com/search?q=%24VET&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$VET</a> <a href="https://twitter.com/hashtag/VeFam?src=hash&amp;ref_src=twsrc%5Etfw">#VeFam</a> <a href="https://twitter.com/hashtag/Blockchain?src=hash&amp;ref_src=twsrc%5Etfw">#Blockchain</a> <a href="https://twitter.com/hashtag/Tech?src=hash&amp;ref_src=twsrc%5Etfw">#Tech</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw">#Ethereum</a> <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> <a href="https://twitter.com/hashtag/Technology?src=hash&amp;ref_src=twsrc%5Etfw">#Technology</a> <a href="https://t.co/r36e2PJ0tI">pic.twitter.com/r36e2PJ0tI</a></p>
<p>&mdash; eisenreich (@eisenreich) <a href="https://twitter.com/eisenreich/status/1653182037925216259?ref_src=twsrc%5Etfw">May 1, 2023</a></p></blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Additionally, VeChain&#8217;s model <a href="https://www.ethnews.com/vechain-the-missing-link-in-the-60b-climate-tech-initiative-transforming-the-worlds-future/">uses</a> a reputation system that assigns weight to validators based on their behavior, making it more difficult for malicious actors to gain control of the network.</p>
<p>VeChain&#8217;s PoA model has been successfully <a href="https://www.ethnews.com/vechain-positioned-for-massive-success-in-billion-market-as-eu-passes-landmark-crypto-regulation-mica/">implemented</a> in several real-world use cases, including food safety, luxury goods, and carbon credits tracking. The model&#8217;s efficiency and reliability make it an excellent option for supply chain management and other commercial applications.</p>
<div class="cryptoboxes" id="mcw-12332" data-realtime="on"><div class="mcw-chart mcw-chart-light" data-font = "inherit" data-chartcoin = "VET" data-chartcurrency = "USD" data-chartrate = "1.000268" data-charttype = "chart" data-chartview = "day" data-charttheme = "light" data-chartsmooth = "true" data-chartareacolor = "" data-chartbgcolor = ""></div></div>
<p>The post <a rel="nofollow" href="https://www.ethnews.com/vechain-takes-the-lead-in-the-blockchain-market-with-its-highly-adopted-consensus-solution-proof-of-authority-poa-latest-report-reveals/">VeChain Takes the Lead in the Blockchain Market with its Highly Adopted Consensus Solution, Proof of Authority (PoA) &#8211; Latest Report Reveals</a> appeared first on <a rel="nofollow" href="https://www.ethnews.com">ETHNews: Bringing you the news of everything blockchain, Ethereum, and the internet.</a>.</p>

VeChain Takes the Lead in the Blockchain Market with its Highly Adopted Consensus Solution, Proof of Authority (PoA) – Latest Report Reveals

Table of Contents

ETHNews

Andre artikler udgivet 2. maj 2023

Metaverse Kombat’s IGO on Vulture Peak: May 15–17, 2023

The Mattr One Protocol, Powered by Embr

EARN $232/WEEK Crypto Passive Income

Coinbase Faces Suit Over Alleged Privacy Violations in Biometrics Collection

DOGE adds 340k new holders in 3 months as investors flock to load their bags

ChainLink price analysis: LINK loses value at $6.8

Join our free newsletter for daily crypto updates!