Microsoft Introduced Ethereum on Azure on PoA Algorithm
The developers of the Microsoft Azure cloud platform announced the launch of the Ethereum on Azure, based on “blockchain-as-a-service” model. It is noteworthy that the new solution is based on the consensus algorithm Proof-of-Authority (PoA).
PoA is based on the principle of approved validators and does not require mining.
The new product has a built-in decentralized application – Governance DApp – that gives consortium members the authority to manage the network and delegate their voting right to others. This allows network members to pass a vote on their own behalf to other nodes, if their main nodes are not online.
At the same time, administrators have the right to change the network validators by voting.
Thanks to the Parity WebAssembly client, developers will be able to write smart contracts in convenient programming languages, such as C, C ++ and Rust.
Recall, in February, the developers of Microsoft said that they were working on a decentralized identification system based on public Bitcoin, Ethereum and Litecoin blockchains.