How Does ‘Delegated Proof-of-Stake’ (DPoS) Modify the Basic PoS Model?
Delegated Proof-of-Stake (DPoS) introduces a layer of democracy where coin holders vote for a limited number of delegates or 'witnesses' to validate transactions and govern the network. Instead of all stakers participating directly, only the elected delegates are responsible for block production.
This makes the network faster and more scalable than pure PoS but potentially less decentralized, as power is concentrated among a smaller group of delegates.