What do you think is the biggest problem POA Network will solve and why is the problem important to solve?

POA Network directly targets the issues of scalability and speed experienced in the Ethereum ecosystem. POA Network has a block generation time of 5 seconds, with 60 transactions per second capability. This enables DApps deployed on the network to complete transactions quickly, efficiently, and securely. We encourage DApp developers to create and deploy their applications on POA Network to take advantage of all the benefits POA has to offer.

We have already seen many DApps transition to POA Network. Earlier this year, Bancor Protocol deployed its DApp on POA Network to use its currency as part of a humanitarian initiative in Kenya. DopeRaider, a gaming project, decided to move their ERC-721 tokens completely to POA Network.

The game ran so quickly on POA that they needed to recalibrate the speed and timing of animations initially created for Ethereum to run smoothly on the POA Network. Everdragons, another blockchain game, just went live on POA Network. In this application, you can move your ERC-721 tokens between Ethereum and POA Network to use them for different games. Games requiring quick transactions, including a racing based simulation, live on POA.

How could Proof-of-Authority change the landscape of the cryptocurrency space?

POA Network offers a solution to many of the issues currently impacting Ethereum, including scaling, network congestion, and high gas costs. We provide an alternative network that is efficient, cost-effective, and built to scale as required.

With a Proof of Authority consensus model, all validators (who play the same role as miners in Ethereum) stake their identity in exchange for validating blocks and receiving rewards. This allows us to maintain a fixed 5 second block generation time. Transactions from one wallet to another are extremely fast.

POA Network is also easily scalable. We can spin up additional cloned blockchains as needed and connect them to our main net through the use of interoperability protocols (the POA bridge). This allows us to move resource-intensive transactions over to the cloned blockchain and eliminate network congestion on our main net. Interoperability can also be used to increase transactions per second if a network is experiencing high volume.