DPoS - Delegated Proof-of-Stake - Meaning - Definition

[Mounty]

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.

[Chilwell]

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.

[Freemind]

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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