Microsoft just announced the availability of Ethereum Proof-of-Authority on Azure as a part of Azure Blockchain.
Azure Blockchain supports enterprise chains Ethereum, Corda, Hyperledger, and BlockApps.
What Is Proof-of-Authority
Proof-of-Work is a Sybil-resistance mechanism that leverages computation costs to self-regulate the network and allow fair participation. This works great in anonymous, open networks where competition for cryptocurrency promotes security on the network. However, in private/consortium networks the underlying ether has no value. An alternative protocol, Proof-of-Authority, is more suitable for permissioned networks where all consensus participants are known and reputable. Without the need for mining, Proof-of-Authority is more efficient while still retaining Byzantine fault tolerance.
Enterprise-ready
In Proof-of-Authority, each consensus node on the network has its own Ethereum identity. In the case that a node goes down, it’s important that the member doesn’t lose consensus participation. Ideally, each member would run redundant consensus nodes to ensure a highly available network presence. To accomplish this, we’ve built an abstraction which allows each consensus participant to delegate multiple nodes to run on their behalf. Each Azure Proof-of-Authority network comes with our identity leasing system that ensures that no two nodes carry the same identity. In the case of a VM or regional outage, new nodes can quickly spin up and resume the previous nodes’ identities.
Web Assembly Smart Contracts
Enterprise developers often cite Solidity language as one of the largest pain points when developing on Ethereum. To address this, we’ve enabled Parity’s web-assembly support, allowing developers to author smart contracts in familiar languages such as C, C++, and Rust.
Azure Monitor
This solution also comes with Azure Monitor to track node and network statistics. For application developers, this provides visibility into the underlying blockchain to track block generation statistics. Network operators can use Azure Monitor to quickly detect and prevent network outages through infrastructure statistics and queryable logs.
