edeXa

edeXa is a blockchain platform designed to provide enterprise-level solutions, and its testnet is currently running on Proof of Authority (PoA) consensus. PoA is a consensus algorithm used in some blockchain networks to secure transactions and maintain the integrity of the network. In this blog post, we’ll take a closer look at what PoA means, and what the benefits are of running edeXa’s testnet on a PoA consensus.edeXa’s Testnet Stress Test Before going live on the mainnet, edeXa is conducting an intensive stress test on its testnet. The test is designed to simulate real-world scenarios and identify any issues that may arise when the platform goes live. This test will ensure that the platform can handle the high transaction volume that is expected from an enterprise-level blockchain platform.<h2 id="header-0">What is PoA?</h2>PoA is a consensus algorithm that provides an alternative to the more commonly used Proof of Work (PoW) and Proof of Stake (PoS) algorithms. In PoA, a group of validators is selected to validate transactions and add them to the blockchain. The validators are chosen based on their reputation and the authority to validate transactions is granted to them by the network.PoA is a more energy-efficient consensus algorithm than PoW because it does not require the high computing power that PoW requires. It also offers faster transaction confirmation times than PoW and is more resistant to 51% attacks.Benefits of Running edeXa public Blockchain on PoA<ol><li>Faster Transaction Confirmation Times: One of the benefits of running the edeXa Public Blockchain on PoA is that it offers faster transaction confirmation times. This is because the consensus algorithm does not require miners to compete to solve complex mathematical problems, and the validators are chosen based on their reputation. This makes transaction confirmation times faster and more efficient.</li><li>More Energy Efficient: PoA is a more energy-efficient consensus algorithm than PoW. Since it doesn’t require the high computing power that PoW requires, it can reduce the environmental impact of blockchain technology.</li><li>More Resistant to 51% Attacks: PoA is more resistant to 51% attacks than PoW. In a 51% attack, a group of miners control more than 50% of the network’s computing power, which allows them to manipulate the blockchain. With PoA, validators are selected based on their reputation, which makes it more difficult for malicious actors to gain control of the network. </li></ol><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/06431e373fd045d9a1031ca1b0b91982.png" />As shown in the table, PoA offers several benefits compared to other consensus algorithms. Validator selection based on reputation ensures that the network is secured by trusted validators, which makes it more resistant to 51% attacks. Additionally, PoA is the most energy-efficient consensus algorithm, making it a more sustainable and eco-friendly option for blockchain networks. Finally, faster transaction confirmation times and improved scalability make it well-suited for enterprise-level solutions.<blockquote>edeXa’s decision to use PoA consensus for its public blockchain demonstrates its commitment to delivering a secure, efficient, and scalable platform for enterprise-level solutions. With faster transaction confirmation times, improved scalability, and greater security, the PoA consensus algorithm is an ideal fit for the edeXa public blockchain. The platform’s stress testing of the edeXa testnet will ensure that it is ready to handle the high transaction volumes required by enterprise-level solutions. As the platform moves towards its mainnet launch, we can expect to see more exciting developments that will transform the enterprise blockchain space.</blockquote>ConclusionIn conclusion, blockchain technology is transforming the way businesses operate and edeXa is at the forefront of this transformation. As the platform prepares for its mainnet launch, we can expect to see more exciting developments that will change the face of enterprise-level solutions. check Original sources at http://bit.ly/3XItBib

edeXa Testnet Running on PoA Consensus: What it Means and the Benefits for Enterprise-Level Solutions

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