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POA Network is an Ethereum-based platform that offers an open-source framework for smart contracts. POA Network is a sidechain to Ethereum utilizing Proof of Authority as its consensus mechanism.POA Explorer
The POA Team is proud to introduce the first cross-chain Bridge as our latest DApp built on the POA Network. The POA Bridge is an interoperability protocol that will allow a user to transform their own POA Native Tokens from the POA Network onto the Ethereum network in a quick and cost-efficient manner. Please watch the featured video to learn how to exchange POA Native Tokens to POA20.
POA20 Tokens were minted to prove cross chain bridges can work in a safe and secure manner allowing 2 standalone blockchains to interact with each other. This new interoperability technology that has been developed, helps open up a whole new avenue of solutions that can be offered to POA users. By connecting blockchains with these bridges you allow for a variety of new use cases that never existed before. POA Network truly believes cross chain bridges is a critical step in the right direction as we aim to solve the problem of scalability and connectivity.
For a full list of all our questions, please check out our support page.
POA20 is an ERC20 representation of POA native tokens on Ethereum network. The POA20 token displays the exact same properties as the standard ERC20 token and allows it to be used in all the same places that offer ERC20 compatibility.
No, you do not need to transform your POA native tokens. POA native tokens are used to execute smart contracts on the POA Network, which is a faster and more cost-efficient than Ethereum network. Developers creating DApps on the POA Network will need POA native tokens in order for their DApps to function on the POA Network.
POA20 Tokens are minted to prove cross chain bridges can work in a safe and secure manner with 2 standalone blockchains. We believe the interoperability technology we’ve been able to develop helps open up a whole new avenue of solutions that can be offered to our users. By connecting blockchains with these bridges you allow for a variety of new use cases that never existed before. POA Network truly believes cross chain bridges is a critical step in the right direction as we aim to solve the problem of scalability and connectivity.
The POA Bridge can ONLY be used within your own address. When using the POA Bridge, you are sending from the same address one side of the bridge to your identical address on the other side of the bridge, with the address existing only on the network of its side of the bridge.
There will be 3 validators on the POA Bridge who will be a subset of the current POA Network validators. The three validators are Jim O’Regan, Ilmira Nugumanova, and Igor Barinov.
Yes, when you use the POA Bridge to transform POA native tokens to POA20 tokens, they are kept both in the same wallet address, but viewable in two different networks.
Three exchanges that we have partnered up with to bring POA20 tokens to the market are Bancor Network, Ethfinex, and IDEX. We have various other exchanges confirmed to list POA20 too, however, we cannot comment on them yet due to NDA. Please note all official exchange listings for POA20 tokens will be communicated by the POA Team.
POA20 tokens can ONLY be sent to exchanges that have POA20 tokens listed.
POA native tokens can ONLY be sent to exchanges that have POA native tokens listed.
If any of the exchanges list both POA native token and POA20 token, then they will make a clear stance on whether you can use the same address for depositing both POA native token and POA20 token.
POA20 tokens can ONLY be traded on exchanges that have specifically listed the POA20 token. Please note all official exchange listings for POA20 tokens will be communicated by the POA Team.