Altcoins Talks - Cryptocurrency Forum
Learning & News => Further Education => For Beginners => Terminology => Topic started by: Mounty on July 01, 2018, 03:10:01 PM
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A Delegated Proof-of-Stake algorithm helps to validates transactions differently like representative democracy, token stakeholders “elect” validators to secure the Blockchain network.
As a result, transactions are validated faster, making this approach optimal for e-commerce platforms as introduced by platforms like CyberMiles Blockchain.
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Delegated Proof-of-Stake (DPoS) is a consensus algorithm that uses mining nodes, also known as validators or block producers, to secure and validate transactions. It is a voting system where users vote for block producers to create new blocks.
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Delegated Proof-of-Stake (DPoS) is a consensus algorithm that uses mining nodes, also known as validators or block producers, to secure and validate transactions. It is a voting system where users vote for block producers to create new blocks.
I appreciate your interest in expanding the information of a thread, but keep in mind that this thread is already 6 years old. If you want to talk about DPoS, you can create a thread and include all the information that you think may be useful to forum users, if so, remember to post it in the corresponding board.
Since this thread is so old, it is locked as of now.