Weekly we propose videos from Blockchain Zoo youtube archive!
This week video is: Proof of Authority vs. Proof of Participation
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Proof of Authority consensus uses a federation of nodes which are each authorized by a central authority to participate. Proof of Participation keeps the strengths of a federated model, but decentralizes the authorization process so that it is not under the control of any one authority. In this video, our Co-founder and CTO, Barton Johnston, explains to you the following:
- What are the key limitations of Proof of Authority and how does Proof of Participation address them?
- What measures have been taken when designing Proof of Participation to ensure complete decentralization?
- What makes Proof of Participation more suitable for non-financial use cases than Proof of Authority?
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