This article was first published on POA Network - Medium
POA Network — Year End Review
We’re happy to announce it’s been 1 full year since POA Network launched its mainnet!On December 15, 2017 we launched our network with 12 validators and a vision of a high-speed, low-cost network that would provide tools and transaction efficiency for the developer community as well as the general public. Fast forward one year, and we’ve grown to support a new interoperability protocol, amazing DApp development and integration, and a thriving proof-of-authority consensus process which includes 23 validators, all of whom play an active governance role in the network.
For POA Network, 2018 was a year full of constant development and consistent delivery. We’ve tasked ourselves with finding new and innovative solutions to the biggest problems that exist in the ecosystem today. Tackling issues such as scalability, network congestion, high gas costs, and providing open-source solutions has always been, and continues to be, our long-term objective.
In this post, we’ll highlight our major accomplishments of 2018 along with developments to look forward to in early 2019!
POA Interoperability Solutions
A main focus at POA Network is to increase interoperability between EVM based chains. We’ve accomplished this through our bridge infrastructure, which enables different chains to interact and transact with one another. On November 20th, POA Network launched a new interoperability solution, the ERC20 to ERC20 Bridge. This novel solution allows users to transfer ERC20 tokens from one Ethereum Virtual Machine (EVM) based network to another EVM based network within a single wallet. The ERC20 to ERC20 is the third POA Bridge that we released in 2018! Each bridge addresses different concerns and enables horizontal scalability in a secure and efficient manner.
On October 9th, we launched BlockScout, the first ...
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POA Network - Medium