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Implementing your own Proof Of Authentication. (Part 1)

  • A new consensus algorithm called Proof of Authentication (PoAh) is introduced to address scalability and efficiency issues in blockchain networks.
  • PoAh ensures secure and authenticated block validation by combining transactions into a block, signing it with the node's private key, and verifying the signature using the source node's public key.
  • Authenticated blocks are appended with a cryptographic Proof of Authentication (PoAh) and added to the blockchain, while blocks that fail authentication are discarded.
  • The provided Python example demonstrates the practical implementation of the PoAh algorithm, showcasing how transactions are combined, signed, verified, and added to the blockchain.

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