What Is a Delegated Proof-of-Stake (DPoS) System?
Delegated Proof-of-Stake (DPoS) is a variation of PoS where coin holders vote for a limited number of "witnesses" or "delegates" to validate transactions and govern the network on their behalf. This creates a representative democracy model.
DPoS systems are generally much faster and more scalable than traditional PoW or PoS due to the small, fixed set of validators, but they introduce a greater degree of centralization and potential collusion risk among the elected delegates.
Glossar
Dpos
Architecture ⎊ Delegated Proof-of-Stake (DPoS) is a consensus mechanism architecture that streamlines the block production process by employing a limited, elected set of delegates, often called Block Producers.
DPoS Systems
Governance ⎊ Within cryptocurrency and decentralized finance (DeFi), Delegated Proof-of-Stake (DPoS) systems represent a governance model prioritizing efficiency and responsiveness over pure consensus mechanisms.