Areon Network: EVM Compatible With Proof of Area (PoA)

The Areon Network is a decentralized blockchain platform that utilizes a unique consensus mechanism called Proof of Area (PoA). PoA is a hybrid consensus mechanism that combines the cost-effectiveness of Proof-of-Stake (PoS) with the transactional security of Proof-of-Work (PoW). Under the PoA algorithm, all transactions are verified by a network of randomly selected validators, who are known as Area Land shareholders. Area Land is a virtual asset that is purchased using the native AREA token. The more Area Land a validator owns, the greater their chances of being selected to verify transactions. When a validator is selected to verify a transaction, they are rewarded with a block reward. This block reward is then distributed to all Area Land shareholders, proportional to the amount of Area Land they own. <a href="https://medium.com/@tsnkrnwn01/areon-network-evm-compatible-with-proof-of-area-poa-5a5414ebda6e">Read More</a>