Microsoft Introduces Ethereum Proof-of-Authority Algorithm on Azure

Microsoft’s cloud platform Azure has introduced a proof-of-authority (PoA) algorithm on its Ethereum (ETH) blockchain product, according to a blog post Aug. 7.

The new Ethereum network algorithm will reportedly allow a “more efficient” way of building decentralized applications (DApps) for private or consortium networks, where “all consensus participants are known and reputable.” In contrast to proof-of-work (PoW) — the existing protocol on Azure — a PoA algorithm is based on the principle of approved identities or validators on a blockchain, and does not require competition in completing the transactions. The new Ethereum product on Azure is equipped with a number of features to ensure its correct functioning and security, such as an identity leasing system, Parity’s web-assembly support, Azure Monitor, and a Governance DApp. The identity leasing system intends to ensure that while each member possesses  “redundant consensus nodes,” no two nodes can carry the same identity. The system provides identity protection even in the case of virtual machine (VM) or

Like this article? Take a second to support us on Patreon!