We're joined by Igor
We're joined by Igor Barinov, the tech lead of the POA Network. The POA Network achieves a reduction in transaction costs by many orders of magnitude by having a set of trusted validators. All validators must be US public notaries, so their identities are known and legal recourse against them can be taken in the offchain world. We also talk about the xDai network, which enables Dai transactions on a POA chain: Dai are transferred into a smart contract on the mainnet and then become available to be transferred at much lower cost on the POA Network. Similarly, they can be transferred out of the xDai network and become available again on the mainchain. We talk about use cases, governance, and limitations.
Topics discussed in this episode:
- Igor's background and how he got into blockchain
- The POA network setup and how to become a validator
- What informs design decisions and how to find suitable notaries
- The consensus mechanism on the POA Network
- The role of the POA token
- The xDai network and its purpose
- The role of the DPOS token
- Use cases of POA and xDai Networks
Links mentioned in this episode:
- POA Network website: https://bit.ly/2Td7n8y
- POA products overview: https://bit.ly/2OK9y51
- xDAI Chain: https://forum.poa.network/c/xdai-chain
- POSDAO White paper: https://bit.ly/2YO240t
- Ocean Protocol releases own POA network: https://bit.ly/2YLIVw7
- Beginners guide: What's the POA network: https://bit.ly/2yNTRyB
- StarkWare Sessions: September 16th in Tel Aviv – 20% off with the code EPICENTER - https://epicenter.rocks/starkware
- Trail of Bits: Trust the team at the forefront of blockchain security research - https://trailofbits.com
- Vaultoro: Trade gold to Bitcoin instantly and securely starting at just 1mg - http://vaultoro.com
This episode is hosted by Meher Roy & Friederike Ernst. Show notes and listening options: https://epicenter.tv/299
How has this guy not gone to prison yet?
a notary public is only one witness. A public notary is two witnesses Big difference.
Have you guys seen igorbarinov.com?
This guy is a known scammer
Scammer, do not believe a word that comes out of his mouth. He will lose you money and transfer the wealth into his pocket.
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This is HashGuide back for more How-to videos for cryptocurrency like Bitcoin and Ethereum. This video will guide you into using POA Network's official Dapp called POAMania. POA Mania is a loss-free lottery dapp launched by the POA Core Developers and is funded using POA Network Emission funds that generates 1 POA every block validated by Validators.
Some information on POA Network:
POA is a Proof of Autonomy Consensus and uses independent Validators to secure the blockchain. These independent Validators are all verified US Notary Public Officers. This is the method POA uses to validate the true identity of each individual Validator on the Core Network. POA is an Ethereum side-chain and is the first crypto organization to implement the first truly open source EVM Block Explorer that is up on GitHub for any EVM-Based blockchain to deploy for free. POA foundation is also the first to deploy a cross-chain bridge for Native EVM Chains, ERC20-to-ERC20 Bridge & ERC721-to-ERC721 Bridge to allow multiple side-chains to be bridged with one another, allowing to use other chains for the extended benefits over Ethereum Mainnet.
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